India can’t prioritize eliminating greenhouse gas emissions without sufficient financing from richer nations to help offset the high cost of transitioning to clean energy, according to a senior government official. In laying out its position ahead of key global climate talks later this year, the top bureaucrat in India’s environment ministry also said the country doesn’t plan to tighten its emissions goals unless more money is promised from developed economies under the United Nations-sponsored climate change agreement. “Every policy decision has a cost to the economy.

Ola Electric and Bank of Baroda have signed the largest long-term debt financing agreement in the Indian EV industry on Monday. Ola would use this 10-year debt of $100 million to complete Phase 1 of its Futurefactory, Ola’s global manufacturing hub for electric two-wheelers coming up at Krishnagiri in Tamil Nadu at an investment of Rs 2,400 crore.

New Delhi: The country’s largest two-wheeler maker Hero MotoCorp said on Monday that it is looking beyond the traditional mobility space and is already making investments in electric mobility products, both personal and mass transit. The company also aims to strengthen its focus on the premium motorcycles and scooters segment in Bangladesh, Nepal, Latin America and Africa.

(Hong Kong, 12 July 2021) Budweiser Brewing Company APAC ("Bud APAC", SEHK:1876) today announced the successful signing of a total USD500 million Sustainability-Linked Loan Revolving Credit Facilities ("Green Financing Loan") with a bank consortium led by Bank of China, one of the largest of this kind among publicly listed consumer goods companies in Asia Pacific. The Green Financing Loan has a three-year term with a tiered discount on the loan's interest rate if Bud APAC achieves pre-determined ESG targets.

The European Union is set to take the lead in climate policy action among the world's biggest greenhouse gas emitters this week, with a raft of ambitious plans designed to cut emissions drastically over the next decade. The policies, if approved, would put the bloc - the world's third-largest economy - on track to meet its 2030 goal of reducing planet-warming emissions by 55% from 1990 levels. The "Fit for 55" package being released on Wednesday will face months of negotiations between the 27 EU countries and the European Parliament.