Skip to main content

GREEN ENERGY AND ITS FINANCE BY OUR BANKS

 

Earth's temperature has risen by 0.14° Fahrenheit (0.08° Celsius) per decade since 1880, but the rate of warming since 1981 is more than twice that: 0.32° F (0.18° C) per decade. 2021 was the sixth-warmest year on record based on NOAA's temperature data. To overcome such problems India's updated climate pledge to the Paris Agreement after receiving the Union Cabinet's nod August 3, 2022. The pledge will lay out India's clean energy transition pathway from now through 2030 and will be communicated to the United Nations Framework Convention on Climate Change (UNFCCC).

                Green energy is important for the environment as it replaces the bad effects of fossil fuels with more safe alternatives. Green energy is also often renewable and clean, meaning that they emit no or few greenhouse gases and are often readily available.

   

Green finance

 According to RBI Bulletin -- Green finance refers to the financial arrangements that are specific to the use for projects that are environmentally sustainable or projects that adopt the aspects of climate change. Environmentally sustainable projects include the production of energy from renewable sources like solar, wind, biogas, etc.; clean transportation that involves lower greenhouse gas emission; energy efficient projects like green building; waste management that includes recycling, efficient disposal and conversion to energy, etc.

            Our banks are gearing up to render loans to various green projects. Largest Banks like Punjab National Bank, State Bank of India, Housing Development Finance Corporation Limited etc come up with many schemes like Solar roofs, Solar Home Lighting/Solar Water Heating System, Largest Bio-CNG plant.

 

(i) Punjab National Bank Schemes –

            PNB SAUR URJA YOJANA (PNB SOLAR ENERGY SCHEME)

            OBJECTIVE: Financing Farmers for Purchase of Solar Home Lighting/ Solar Water Heating System.

 

(ii) State Bank of India –

            Installation of Solar Roof Top

 

(iii)  Housing Development Finance Corporation Limited –

           Installation of Bio CNG Plant

        

            I always feel very proud when our nation and its financial institution participation in Global Platform is at Par with developed nation.

 

Comments

Anonymous said…
Nice one
January 25, 2023 at 9:56 PM
Post a Comment

Popular posts from this blog

 Hi Everyone...Presenting you the different Fixed deposit interest rates of two largest Nationalized banks...SBI and PNB...Highlighting and comparing their Interest for different tenor. As our Secondary Market is not so dynamic nowadays... Fixed deposits are good options according to me...Namaste Referred from Official website of SBI and PNB -:  Revision in Interest Rates On Retail Domestic term deposits (Below Rs. 2 crore) interest rates revised w.e.f. 13.12.2022 Accordingly, the interest rates for Retail Domestic Term Deposits ‘Below Rupees Two Crore 'have been revised.The revised interest rates are as under : (All figures in % per annum) Tenors Existing Rates for Public w.e.f. 22.10.2022 Revised Rates For Public w.e.f. 13.12.2022 Existing Rates for Senior Citizens w.e.f. 22.10.2022 Revised Rates for Senior Citizens w.e.f. 13.12.2022 7 days to 45 days 3.00 3.00 3.50 ...
Post a Comment
Read more

Happy New Year 2023

Happy New Year 2023 everyone....May god bless you with good health and happiness....And strong financial position...It's my suggestion please invest few of your savings in Fixed deposit of Punjab National Bank...666 Days... Rendering good interest rates... Good day
Post a Comment
Read more
  CORONA The dignity of human races of earth is in stake, Hanging of Mounts of animals is potentiality of fake, The Woods not left to diminish thy infected carcass, Oh!!   It’s not fatal Pandemic repercussion of thy sin, Pompousness of thou as invincible knight of every win, Everyday battling for each inch of land sans knowing, Days of disappearance of thy impure soul is shortening, Reminiscence of thou fatal deed against feeble spices, Envisaging thou heinous toil for the rivers are perturbing, Its incarnation of destroyer of hypocrites disseminating, Other world would not send messengers of soothing, Baffled on his creation of intelligent creature of planet, Thou pray would be in vain to save thou bluish platter, Avaricious would lead to thou annihilation absolutely, Past witnessed the imbibe of venom of thy black blood,                     ...
Post a Comment
Read more