Climate plan: YES Bank to garner $5 b

Private sector lender YES Bank will mobilise $5 billion by 2020 towards its commitment to climate finance in India. YES Bank also announced a target funding of 5,000 MW of clean energy, gradually increasing renewable energy in its power portfolio, contribute towards creating a carbon sink by planting two million trees, touch 100 million lives through its safe and clean drinking water program and offset carbon emissions of the bank’s operations,. It made the announcement on the occasion of the Conference of Parties (COP) 21 climate summit underway in Paris.