that emerging and developing countries will need more than $1 trillion of annual investment in clean energy by the end of this decade to align with global climate goals. India alone will need $1.4 trillion by 2040. Governments will provide some of that money. Indeed, the Indian governmenton Wednesday more than $4 billion in green spending as part of its annual budget. But climate finance experts say the private sector will be needed to get from billions to trillions of dollars.
One of the biggest challenges for countries like India is the perceived risk that investments may not generate the promised return—both because of an entrenched bureaucracy that can make it challenging to do business and also because of potential corruption and mismanagement issues. For example, until recently, it was a common practice for states to renege on their commitments to pay power companies.
The Adani crisis will only elevate these concerns for investors in hubs like New York and London. In the wake of the announcement, the Wall Streetthat the “Adani Group Saga Is Credibility Test for India’s Markets, Institutions” while the Financialthe “Adani affair is a test for India Inc.” Indeed, the NIFTY 50 index of Indian stocks declined to its lowest level since October in the wake of the crisis—defying positive investor sentiment over the same time period in other countries.
To keep the fear from spreading, investors are calling for a robust government investigation of Adani to signal that potential fraud and mismanagement is being taken seriously. That will help maintain investor confidence in India—and also help the global efforts to tackle climate change.
hmm....sun tzu....memperlihatkan.... bahwa kota terlarang di china.... lembaga riset emak-emak....
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Source: TheEconomist - 🏆 6. / 92 Read more »
Source: TheEconomist - 🏆 6. / 92 Read more »