Public Finance For Climate Action
Date : April 29, 2022
India's climate finance requirements are enormous. Public finance can play a catalytic role in combating climate change and in meeting the target set under India's Nationally Determined Contributions. When combined with private financing and international climate finance, public finance can push climate change related mitigation and adaptation related activities in India. Governments at the sub-na...
Tracking Clean Energy Finance Flows in India
Date : April 13, 2022
Achieving India’s NDC mitigation targets requires approximately $1 trillion in investments till 2030. As India begins to implement its plans for its energy transition, being able to compare the current supply of clean energy investment with the investment needed would allow for the development of clear action points to close the gaps. However, there is currently no systematic approach to assessi...
Financing Sustainable Urban Transport through Public-Private Partnerships (PPPs)
Date : January 19, 2022
The Smart Cities Mission will require significant amounts of capital to meet the rapidly growing requirements of cites. One way for cities to generate additional funds is Public-Private Partnerships (PPPs). The Smart Cities Mission has placed significant emphasis on the PPP model encouraging the private sector to mobilize capital, technology and other resources. Such partnerships can support gover...
New and Innovative Sources of Finance for Renewable Energy
Date : January 17, 2022
India is pursuing an ambitious goal — significantly expanding the share of renewable sources in its energy supply mix. There is a widespread recognition that financing for renewable energy must be scaled up significantly from its current levels. Going forward, India will have to efficiently and effectively mobilise further financial resources and to meet growing energy needs from new and inn...
Catalysing Investments for Sustainable Urban Transport through Municipal Finance Reforms
Date : January 17, 2022
Over the next 20 years, India’s cities will require an investment of at least USD 800 billion to meet the growing demand for civic services. While some of this can be met through government funding, increasingly cities will have to seek recourse through other means, including the issuance of municipal bonds. While the potential of India’s municipal bond market is high, it has remained largely ...
Energy Efficiency Through ESCOs
Date : January 17, 2022
The growing energy deficit coupled with fluctuating global energy prices has led to greater focus on energy efficiency. One of the most important ways to realize energy efficiency potential in industries is through Energy Services Companies (ESCOs), which implement energy efficiency projects though Energy Savings Performance Contracting. ESCO-based projects can help launch large-scale energy proje...
Improving Finance for Clean Energy Access in India
Date : January 17, 2022
Decentralised Renewable Energy (DRE) enterprises have immense potential to meet India's energy needs, particularly in rural areas. Shakti facilitated the development of a multi-approach programme to enhance access to finance for DRE enterprises by : providing technical assistance services to DRE enterprises and financial institutions, designing alternate financing facilities, and designing a frame...
Financing Needs of Nascent Clean Energy Technology Businesses
Date : January 14, 2022
There is a need to encourage, support, and scale innovation in order to advance to a more sustainable, nimble, and secure energy future. Emerging technologies have a business life cycle: research and development (R&D), demonstration, and eventual commercialisation. Clean energy projects, especially those in their nascent stages, have long timelines, large upfront capital costs, low returns, an...
Greening the Financial System
Date : January 14, 2022
India’s transition towards low-carbon economic development requires capital inflow at scale. There is a need for the structural transformation of financial policy and regulations to help direct capital towards green economic activities. This is particularly pertinent as India crafts out pathways to meet its Nationally Determined Contributions (NDC). India needs additional capital of US$ 1.8 tril...
Landscape Assessment of State-Level Climate Financing Options
Date : January 14, 2022
State governments in India have well-defined development goals that are met through a variety of programs and investments in social and economic initiatives, infrastructure, industrialization, capacity development etc. Meeting these priorities in a climate-friendly manner requires a greater quantum of investments as compared to investments in standard models of development. There are a variety of ...