Netzero target needs reduction in energy intensity

India’s goal of achieving the net zero target by 2070 would require an accelerated reduction in the energy intensity of GDP by around 5 per cent annually and a significant improvement in its energy-mix in favour of renewables to around 80 per cent by 2070-71, a report released by the Reserve Bank of India (RBI)

Central bank in India warns banks to monitor cos with direct fossil fuel links

According to an RBI report, while banks have relatively small exposure to companies that have direct links to fossil fuels, there are hidden risks in the form of companies that have indirect exposure. The RBI has said that lenders need to be alert of industries that are subject to green transition risks as countries across