Eversource, a climate impact investor in India, has received catalytic concessional capital from the US Department of State and the United States Agency for International Development (USAID) through its programme Blended Finance for Energy Transition (BFET) and the Investment Fund for Developing Countries (IFU) under the Danish Development Finance Institution (DFI). This was announced at the UN climate change conference COP28 by John Kerry, US Special Presidential Envoy for Climate. The two winners “are launching innovative financial vehicles that will accelerate the just energy transition in South and Southeast Asia,” the press release said. Eversource is an India-based climate investment manager which has deployed deploying over $740 million via India’s largest climate impact fund. Its investments focus on energy transition, industrial decarbonisation, and urban sustainability.

Source: The Hindu December 05, 2023 18:59 UTC