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Navigating the climate complexity towards greener investments

Prabhir Correa

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04 October 2023

Impact Investing

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With the curtain finally closing on the 2023 G20 summit, much is being said about India’s growing emphasis on climate change. Amongst the major outcomes of the meeting was an agreement to triple the bloc’s renewable energy capacity by 2030. India also launched the Resource Efficiency and Circular Economy Industry Coalition (RECEIC), an industry-driven initiative aimed at promoting resource efficiency and circular economy. Hydrogen production also came to the forefront, with India proposing to establish a Green Hydrogen Innovation Centre steered by the International Solar Alliance. In keeping with the theme of ambitious goals, India also proposed to launch a G20 Satellite Mission for Environment and Climate Observation, with an aim to help the countries of the global south. The flurry of climate-related commitments and launches came as no big surprise - noise around the climate issue has been dominating India’s narrative over the last few years and climate solutions (either through poli…

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