RBI governor encourages pooling of climate projects
Malhotra says pooling would reduce risk and make lending more convenient for banks
The governor of the Reserve Bank of India has said small climate-related projects should be pooled together to secure funding from banks.
Speaking at a seminar on climate change risks and finance in New Delhi on March 13, Sanjay Malhotra said a lack of capacity and expertise in smaller projects added to financial risks associated with such projects and made it harder for them to secure funding. Creating a “a common pool of such bankable projects” would have “multi-fold benefits for the entire
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