Clean Power Portfolio, Global South

Developing economies like India have seen clean power supply grow rapidly in recent years. Electricity is roughly a fifth of global energy consumption, so financing renewable energy is critical to the global energy transition. Supporting the development of clean power supply supports a just transition.

Carbon finance, delivered by companies who offset their emissions, provides essential funds to support the development of global renewable projects. Energy generation is one of the biggest emitters of greenhouse gases, and renewable energy investment is a fast and effective solution to reduce these emissions.

This portfolio of projects in countries such as India directly increases the global share of renewables in the global energy mix while reducing emissions by displacing fossil fuels. Carbon financing for renewable energy projects accelerates our low-carbon transition while supporting infrastructure reliability and resilience for consumers.

In addition to delivering emissions reductions to take climate action (SDG 13), the projects deliver a number of other benefits:

• Affordable and Clean Energy: Contribute to increasing the share of renewable energy in the global energy mix. Clean electricity generated by these projects displaces electricity which would otherwise be powered by fossil fuels.
• Decent Work and Economic Growth: Contribute to the local economy and livelihood of residents through the creation of jobs. These include full-time maintenance and operational roles, and temporary roles during planning and construction.
• Industry, Innovation and Infrastructure: Support the development of sustainable and resilient energy infrastructure, helping reduce the instance of shortages of electricity during peak hours of demand. The projects also often help develop road infrastructure, which is improved to aid site access.