Yes Bank commits 5 billion USD for climate action by 2020

yes-bank_bcclYes Bank, India’s fifth largest private sector bank, has announced mobilisation of $ 5 billion towards its commitment to climate finance in India.

The bank made the declaration to coincide with the Conference of Parties (COP) 21 climate summit underway in Paris this week.

“Yes Bank had committed to target funding 500 MW clean energy annually, which it had overachieved. Proactive corporate intervention is critical to achieving the climate goals and financial institutions have a larger role in driving climate action,” said Rana Kapoor, CEO and Yes Bank managing director. Read More

Comment Here

Leave a Reply