How discussions at COP29 could shape India's renewable energy future

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How discussions at COP29 could shape India's renewable energy future - Business Standard

Quick Summary:

The IEA report highlights the failure of mechanisms and institutions such as development finance institutions (DFIs) and international financial institutions (IFIs) to mobilise large-scale finance effectively.

The current tsunami of disenchantment around the lack of ambition in finance should pave the way for action to ensure that COP30 at Belém leads to an outcome in line with the trillion-dollar target championed in most global studies.

If the global goal of tripling RE is to be met, finance must flow more freely to developing countries.