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WTO Rains On India's Solar Power Plan, Sets Back Climate Action

The World Trade Organization (WTO) recently ruled against India's "buy-local" provisions for large solar projects, which are entitled to subsidy and assured government procurement if the equipment is manufactured locally. Filed by the US in 2013, the case was brought to remove any disadvantage to imported solar equipment in India. The WTO has a history of supporting anti-climate and anti-environment rulings, with Canada recently losing a similar case on renewable energy and incentives for local firms in Ontario.
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Instruments Of Change: Raising Investments For India's Climate Commitments

Public-private collaboration will be essential to raising the finance needed for India's cleaner growth. While the right domestic policies will be key to facilitating finance, greatly scaling up investment from the private sector will be the only way to mobilise the full amount of capital needed to meet India's renewable energy targets. In order to scale up private investment, India needs financial instruments for renewable energy and other green infrastructure that are a better match with investors' needs.