India has come out with ambitious renewable energy goals, but the country still faces a daunting financing gap. WRI and the Confederation of Indian Industry (CII) are leading an innovative effort—The Green Power Market Development Group—that could bridge this finance gap and help overcome India’s energy challenges.
In an interview with The National Bureau of Asian Research (NBR), Manish Bapna examines the steps India is taking toward a more sustainable energy future. He argues that while India has made important progress on renewable energy, low-carbon alternatives, and increased energy efficiency, much of the potential in this area remains unrealized, including opportunities for greater U.S.-India collaboration.
This interview was originally published by The National Bureau of Asian Research.
Population growth and rapid urbanization are combining to create huge challenges for Indian cities.
Overcoming these hurdles and creating sustainable cities in India is the main topic of discussion at CONNECTKaro, a conference co-organized by EMBARQ India and the Directorate of Urban Land Transport (DULT), Government of Karnataka, India that took place from March 10-11, 2014. The second annual conference—named for the idea of “Karo,” which means “make it happen”—explores sustainable transport opportunities as ways of addressing the challenges associated with India’s urban growth.
It is not possible to effectively address climate change without substantive [greenhouse gas] GHG emission reductions by the transport sector. But putting the pieces together – especially in developing countries – will require fine-tuning transportation climate finance readiness to match growing demand.
A new report for the German International Cooperation (Deutsche Gesellschaft fuer Internationale Zusammenarbeit (GIZ)) outlines seven routes governments in the developing world can take to accelerate investment in low-carbon transport.
Water is a scarce resource in India, especially in the state of Maharashtra, where most rainfall is limited to the monsoon season from June through September. The Government of India has long promoted a Participatory Watershed Development (PWD) approach to deal with this scarcity.
With more than 400 million of its 1.2 billion citizens without access to electricity, India needs extensive energy development. A new initiative aims to ensure that a significant portion of this new power comes in the form of renewable energy.
The Green Power Market Development Group
Today, WRI and the Confederation of Indian Industries (CII) launched the Green Power Market Development Group (GPMDG) in Bangalore, India. The group will help boost the country’s use of renewable energy like wind and solar power.
The public-private partnership brings together industry, government, and NGOs to build critical support for renewable energy markets in India. For starters, the group will connect potential industrial and commercial renewable energy purchasers with suppliers. A dozen major companies belonging to a variety of sectors—like Infosys, ACC, Cognizant, IBM, WIPRO, and others—have already joined the initiative and have committed to explore options for increasing their use of renewable energy.
The group also aims to make India’s clean energy development more mainstream. Green power buyers and generators in India currently face policy and regulatory barriers—such as high transmission costs and extensive approval processes. Through the GPMDG, the private sector will be able to work constructively with government agencies to instigate the types of renewable energy policies that will spur greater clean energy development.
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