GGEF already includes the investments from Government of India, through the National carbon Investment and Infrastructure Fund (NIIF), and the UK Government, through the Department for International Develop-ment (DfID).
Our ambition to be a net zero company by 2050 or sooner is supported by 10 aims. The first two aims focus on getting to net zero across our entire operation, and across our oil and gas production. But what does that mean? Find out more by taking out poll.
What is the fastest growing energy source?
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Renewables will play an increasingly important role in a lower carbon future. They are projected to grow seven times faster than all other energy types combined. Today, they account for around 3% of global energy demand, excluding large-scale hydroelectricity.
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Our ambition to be a net zero company by 2050 or sooner is supported by 10 aims. The first two aims focus on getting to net zero across our entire operation, and across our oil and gas production. But what does that mean? Find out more by taking out poll.
bp today announced its intention to invest into the Green Growth Equity Fund (GGEF) in India. The fund, established in 2018, is focused on identifying, investing and supporting growth in zero carbon and low carbon energy solutions in the country.
With a commitment of $70 million, bp will, upon investment later this year, become a limited partner in GGEF and have representation on its advisory committee, as well as the rights to co-invest in projects alongside GGEF.
With a commitment of $70 million, bp will, upon investment later this year, become a limited partner in GGEF and have representation on its advisory committee, as well as the rights to co-invest in projects alongside GGEF.
BP is equally committed to reimagining energy in India. Our investment in GGEF is aligned with our strategy of investing in integrated low carbon energy using innovative partnerships and business models. It provides a unique platform for bp to accelerate its ambition in India and to co-invest in a variety of zero and low carbon energy solutions in the country.”