India Plans Green Bond Framework That Excludes Big Hydro

BENGALURU, INDIA – OCTOBER 09: A balloon vine (Cardiospermum halicacabum) grows in between photovoltaic cell solar panels in the Pavagada Solar Park on October 9, 2021 in Thirumani village, Karnataka, India. As the countdown to the United Nations Climate Change Conference (COP26) at Glasgow begins, India is in a formidable position to lead climate change conversations as the country is on its way to meet its renewable energy target of 175GW by 2022, with solar power alone contributing to 100GW. In a clutch of villages around the Pavagada solar park in the southern state of Karnataka where nearly 13,000 acres of land has been acquired on lease for 28 years to produce 2050MW of electricity, economic inequity is becoming apparent — while farmers with large land holdings have clearly benefitted, poor farmers with no land have further been pushed to the margins with rising unemployment, lack of basic infrastructure, and a loss of their cultural identity. (Photo by Abhishek Chinnappa/Getty Images)