India is moving at a rapid pace to adopt a green shift in its power sector, across industry and in transport, aiming to reduce dependence on the black fossil fuelled energy economy, write Simran Talwar and John A. Mathews. But finance remains a problem: many banks are complacent in their lending to fossil fuel projects. Attempts in the international trade arena to curb India’s strategies of building green power industries using the tools of local content requirements have also had a negative impact, forcing Indian ministries to rethink their strategies – but not their goals.
Authors: Simran Talwar, John A. MathewsIndias green shift to renewables-How fast is it happening
Source: Global Green Shift