business

COP28 & Climate Challenges: ‘Clear that we’re not on track,' says ReNew’s Sumant Sinha

ReNew Energy Global has tied up debt financing, including the new $5.3 billion Memorandum of Understanding (MoU) with the Asian Development Bank (ADB), that will be enough to take off its planned capacity expansion and new businesses, said Sumant Sinha, founder and chairman. Talking exclusively to Moneycontrol’s Rachita Prasad from Dubai, where he is participating in the United Nations Climate Change Conference or Conference of the Parties of the UNFCCC, more commonly referred to as COP28, Sinha said that the first ever stocktaking at the conference is making it clear that the world may collectively miss its target to cap global warming. He spoke about ReNew’s growth plans and the role that corporates can play to achieve climate goals.

first published: Dec 5, 2023 11:39 am