Coal vs RE: tracking India's investments in the energy sector
This report shows that for the first time, 100% of the value of the project finance loans identified in 2021 went to renewable energy projects. This is a considerable increase compared to 2020, where renewable energy loans accounted for 74%. Total funding for new energy projects in 2021 is 60% lower compared to 2017 levels. Moreover, when inflation is taken into account, the real value of the amount lended for new energy projects in 2021 even shows a decrease compared to 2020 levels.