UK unites with India for green investments

The United Kingdom has announced a package worth $1.2 billion that includes both private and public investment into renewable energy and green projects in India to combat climate change.

With advocates for climate change commenting that the new union sets a powerful example for other nations regarding the transition to clean energy adoption, the new global agreement will drive private finance in order to support India’s recently unveiled commitment to now deploy a total of 450 GW worth of renewable energy by the year 2030.

In response to the recent announcement made by the UK’s Chancellor, Rishi Sunak, and India’s Minister of Finance, Nirmala Sitharaman, the Chairperson of Climate Finance Leadership Initiative (CFLI) and the UN’s Special Envoy for Climate Ambition and Solutions, Michael R. Bloomberg, commented:

“This partnership is a great example of how the public and private sectors can work together to speed the transition to clean energy and make possible the deep emissions cuts we need to reach the goals of the Paris Agreement and beyond.”

Bloomberg added that the CFLI is seeking to break down barriers to investment to create appropriate market conditions in order to drive greater capital to projects that are green.

UK customers looking for ethical investment advice in Shropshire, Cheshire and other counties can count on wealth managers for aid. Able to create portfolios that reflect their client’s ethics and attitudes towards environmental responsibility they can source sustainable assets in line with customer sensibilities that still offer well-balanced risk and return levels.

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