World Bank Greenlights $1.5 Billion In Low-Carbon Energy Loans For India ...Middle East

The World Bank has said it had approved $1.5 billion in loans for low-carbon energy projects in India. Noting that the subcontinent was one of the fastest-growing economies in the world, the international lender said that energy consumption in India per capita is a third of the global average. Yet this is set to change fast as the Indian economy grows and “This calls for a phasing down of fossil-based energy sources in line with India’s goal of achieving net-zero by 2070.” The $1.5 billion that the World Bank will lend to India…

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