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Economic Times
8 hours ago
- Business
- Economic Times
India's $89 billion clean industry pipeline struggles to attract financing, report says
India's clean industrial projects pipeline worth $89 billion is facing financing bottlenecks as only one project has reached a final investment decision in the past six months, a report by a clean industry alliance showed. The South Asian nation has 41 clean industry projects spanning green ammonia, hydrogen production and sustainable aviation fuels, yet faces challenges in converting announcements into operational facilities, the report by Mission Possible Partnership and Industrial Transition Accelerator said. The alliance is focused on advancing decarbonisation in high-emission sectors. India's clean industry projects have secured $13 billion in committed investment, far below China's $61 billion and the United States' $54 billion, according to the report. The slow development of the market for clean commodities at the right price point was a major bottleneck for investments in India, said Faustine Delasalle, CEO of MPP. "The higher costs of capital is an issue stifling investment across emerging and developing economies. We need to leverage the growing appetite from development and private finance institutions for clean industry developments," Delasalle said. The report also highlights a global pipeline of about $1.6 trillion in projects that have been announced but not financed, with 692 of 826 commercial-scale clean industrial projects across 69 countries still awaiting financing. "Less than 15 projects are currently reaching (a) final investment decision every year, delaying the climate, economic and social benefits associated with clean industrial developments," the report said, adding that policy uncertainty is also hampering progress.
Time of India
10 hours ago
- Business
- Time of India
India's $89 billion clean industry pipeline struggles to attract financing, report says
India's clean industrial projects pipeline worth $89 billion is facing financing bottlenecks as only one project has reached a final investment decision in the past six months, a report by a clean industry alliance showed. The South Asian nation has 41 clean industry projects spanning green ammonia, hydrogen production and sustainable aviation fuels, yet faces challenges in converting announcements into operational facilities, the report by Mission Possible Partnership and Industrial Transition Accelerator said. The alliance is focused on advancing decarbonisation in high-emission sectors. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Avoid Emotional Trades in Volatile Markets – Master Swing with Hemant TradeWise Learn More Undo India's clean industry projects have secured $13 billion in committed investment, far below China's $61 billion and the United States' $54 billion, according to the report. The slow development of the market for clean commodities at the right price point was a major bottleneck for investments in India, said Faustine Delasalle, CEO of MPP. Live Events "The higher costs of capital is an issue stifling investment across emerging and developing economies. We need to leverage the growing appetite from development and private finance institutions for clean industry developments," Delasalle said. The report also highlights a global pipeline of about $1.6 trillion in projects that have been announced but not financed, with 692 of 826 commercial-scale clean industrial projects across 69 countries still awaiting financing. "Less than 15 projects are currently reaching (a) final investment decision every year, delaying the climate, economic and social benefits associated with clean industrial developments," the report said, adding that policy uncertainty is also hampering progress.
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Business Standard
12 hours ago
- Business
- Business Standard
Clean industry projects worth $89 bn stall amid financing woes: Report
India's clean industrial projects pipeline worth $89 billion is facing financing bottlenecks as only one project has reached a final investment decision in the past six months, a report by a clean industry alliance showed. The South Asian nation has 41 clean industry projects spanning green ammonia, hydrogen production and sustainable aviation fuels, yet faces challenges in converting announcements into operational facilities, the report by Mission Possible Partnership and Industrial Transition Accelerator said. The alliance is focused on advancing decarbonisation in high-emission sectors. India's clean industry projects have secured $13 billion in committed investment, far below China's $61 billion and the United States' $54 billion, according to the report. The slow development of the market for clean commodities at the right price point was a major bottleneck for investments in India, said Faustine Delasalle, CEO of MPP. "The higher costs of capital is an issue stifling investment across emerging and developing economies. We need to leverage the growing appetite from development and private finance institutions for clean industry developments," Delasalle said. The report also highlights a global pipeline of about $1.6 trillion in projects that have been announced but not financed, with 692 of 826 commercial-scale clean industrial projects across 69 countries still awaiting financing. "Less than 15 projects are currently reaching (a) final investment decision every year, delaying the climate, economic and social benefits associated with clean industrial developments," the report said, adding that policy uncertainty is also hampering progress. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Reuters
15 hours ago
- Business
- Reuters
India's $89 billion clean industry pipeline struggles to attract financing, report says
June 19 (Reuters) - India's clean industrial projects pipeline worth $89 billion is facing financing bottlenecks as only one project has reached a final investment decision in the past six months, a report by a clean industry alliance showed. The South Asian nation has 41 clean industry projects spanning green ammonia, hydrogen production and sustainable aviation fuels, yet faces challenges in converting announcements into operational facilities, the report by Mission Possible Partnership and Industrial Transition Accelerator said. The alliance is focused on advancing decarbonisation in high-emission sectors. India's clean industry projects have secured $13 billion in committed investment, far below China's $61 billion and the United States' $54 billion, according to the report. The slow development of the market for clean commodities at the right price point was a major bottleneck for investments in India, said Faustine Delasalle, CEO of MPP. "The higher costs of capital is an issue stifling investment across emerging and developing economies. We need to leverage the growing appetite from development and private finance institutions for clean industry developments," Delasalle said. The report also highlights a global pipeline of about $1.6 trillion in projects that have been announced but not financed, with 692 of 826 commercial-scale clean industrial projects across 69 countries still awaiting financing. "Less than 15 projects are currently reaching (a) final investment decision every year, delaying the climate, economic and social benefits associated with clean industrial developments," the report said, adding that policy uncertainty is also hampering progress.
Mint
15 hours ago
- Business
- Mint
Future low-carbon materials projects need $1.6 trillion in funding, report says
LONDON, June 19 (Reuters) - Some $250 billion of financing has been allocated to produce low-carbon materials in heavy emitting sectors such as chemicals, fuels and metals, but future low-carbon materials projects will need more than five times the level of current funding, a report said on Thursday. Newly industrialised countries such as Indonesia and Morocco have already secured a fifth of the $250 billion investment in clean industrial plants so far, the report by the Mission Possible Partnership said. Some 69 projects are in operation using clean energy to produce materials, while 65 others have secured financing, the report said. The report also tracked $1.6 trillion of projects announced but not yet financed, with newly industrial "sunbelt" countries accounting for 59% of the investment pipeline, versus 18% for the United States, 10% for the European Union, and 6% for China. "The new generation of energy-intensive industrial plants will go to where they can access abundant, reliable, cheap, clean electricity to produce materials, chemicals and fuels," said Faustine Delasalle, CEO of the organisation. The MPP is a U.S.-based non-profit group seeking to boost the growth of low-emission industry and supported by the Bezos Earth Fund and the World Economic Forum. "The new industrial sunbelt of the world is poised to overtake Western nations in sectors like ammonia, causing major ripples throughout the global economy," said Delasalle. The MPP is supported by the Industrial Transition Accelerator, set up at the COP28 summit in Dubai to stimulate needed investment in green projects. Delasalle is also executive director of the ITA. The fastest-growing clean industry sectors are green ammonia, which is used for fertiliser, and sustainable aviation fuels, the report said. In the metals sector, steel has 33 near-zero emission primary steel plant projects, but needs 90 projects to be financed by 2030 to meet net-zero goals, while aluminium has 44 projects but needs 165 projects, the report said. (Reporting by Eric Onstad. Editing by Jane Merriman)
