THE US Export-Import Bank has given preliminary approval to loan guarantee of $600 million to suppliers for Reliance Power's coal-fired project at Sasan in Madhya Pradesh after the company promised to reduce carbon dioxide emissions.

On Thursday,the rupee joined a select band of currencies such as the US dollar,pound sterling,euro and the yen that have their own symbols.However, its widespread international usage could take up to two years,as technical systems still have to be put in place.
Symbol of hope for a rising India

A SYMBOL EMBRACES

Saubhadra Chatterji / New Delhi July 9, 2010, 0:35 IST

The finance ministry is planning to change the face of banking in the Red corridors at the tribal heartlands of India. The move is part of the government decision to redraw its law and order management and development plans in view of the growing Naxalite menace threatening the Indian state.

Extends $600-million loan guarantee to Reliance Power

The US Exim Bank has agreed to extend a $600-million (Rs 2,793 crore) loan guarantee to Anil Ambani-led Reliance Power

This paper uses multivariate dynamic panel analysis to examine the response of international financial flows to natural disasters. The models estimated for a large sample of developing countries point to differentiated responses of specific types of financial flows. The results show that remittance inflows increase significantly in response to shocks to both climatic and geological disasters.

This new UNEP report focuses on the global trends in sustainable energy investment, covering both the renewable energy and energy efficiency sectors.

The recent financial crisis cost the UK

This UNCTAD report discusses the opportunities and threats for developing countries in the transition to a low-carbon economy, and considers how foreign investment and transnational corporations can be leveraged in supporting this process.

The greater than before attention to forests in international climate change negotiations indicates that both international and national policy makers and think tanks have come to recognize the importance of natural forests as terrestrial carbon sinks.

This paper outlines a climate finance framework to assist developing countries to move to low-emissions, climate-resilient growth paths. UNDP is proposing a country-driven, multi-stakeholder climate finance framework to assist developing countries to scale up efforts to address climate change in a way that strengthens and advances national development priorities.

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