PTC India Financial Services Limited (PFS) and Global Green Growth Institute (GGGI) have signed a memorandum of understanding (MoU) wherein technical assistance support would be provided by GGGI to PFS for the development and establishment of renewable energy focused fund (RIDF).
Discussions during the signing of MoU centred on facilitating measures to support the efforts of developing countries in responding to the challenge of climate change and attracting prospective global investors to the RIDF. The discussion further focused on exploring the investment potential of green climate funds available in India and expanding the scope of the RIDF to boost sunshine sectors like e-mobility in emerging economies like India, with a keen focus on mitigating the risk of climate change.