Transition away from coal not happening in the near future: Govt
Monday, 11 December 2023 India's transition away from coal is not expected to happen soon, says the coal and mines minister. The country will continue to rely on coal to ensure affordable energy availability, despite pushing for renewable energy sources. While some mines may close due to exhaustion of reserves, new coal blocks are being operationalised to meet the growing energy demand. The government aims to provide new employment opportunities and better livelihood through redeployment of workers in new mines. The World Bank is involved in a project to study closed, abandoned, and to-be-closed mines and perform geo-spatial mapping of the area.
The World Bank estimates the 13-month Israel-Hezbollah conflict has caused over €8 billion in losses, with €3.2 billion in infrastructure damage and €4.8 billion in economic impact.
Credit: euronews (in English) Duration: 01:01Published
Sir Keir Starmer meets president of the World Bank Ajay Banga on the fringes of the COP29 climate change summit in Azerbaijan – and thanks him for his support as he launches the CIF Capital Market Mechanism. Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Battling climate change needs both public and private financing, leveraged through multilateral development banks like AIIB, says its president, Jin Liqun. The Asian Infrastructure Investment Bank is working with World Bank, EBRD and other financial institutions to step up projects across the globe.
Credit: euronews (in English) Duration: 11:28Published
Monday, 11 December 2023
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