UN Climate Bank Bets on Underfunded Clean Tech in India
India has installed around 179 gigawatts of renewable capacity, from just 4 gigawatts a decade ago.
Photographer: Sumit Dayal/BloombergThe Asian Development Bank and the UN Green Climate Fund are set to launch a financial facility to bolster emerging clean technologies in India.
With an initial $200 million provided by the UN’s fund, the instrument’s targets include round-the-clock renewables, electric mobility and compressed biogas, according to an ADB statement seen by Bloomberg and expected to be released later on Thursday.