As per the recent news, which one of the following is planning to set up a dedicated Green Window with an aim to serve the un-served segments of renewable energy?

Hints to Remember

Who:IREDA
What:plans to set up Green Window
When:published on 11thDecember 2019

To meet India’s massive 450 gigawatts of clean energy target, Indian officials announced new financing approach to boost investment in clean energy during the climate talks in Madrid this week. The Indian Renewable Energy Development Agency (IREDA), the country’s premier public finance institution, is considering an allocation of $20 million in seed funding to set up its pioneering “Green Window” aimed toward catalyzing private investment and expanding the Indian clean energy market.

A green window is a financing approach designed leverage limited government funds to attract private capital to achieve climate and clean energy goals. The IREDA Green Window builds on the globally successful green bank model. Green banks across the world have supported projects worth $50 billion in the last five years.

The aim of the IREDA Green Window is to drive investment into underserved segments of the clean energy market. Under MNRE and IREDA’s leadership, the Green Window is based on extensive market research and stakeholder discussions involved in financing clean energy.

For the complete information kindly visit given link:

https://www.nrdc.org/experts/sameer-kwatra/india-announces-green-window-catalyze-climate-finance