TITLE: An Introduction to the India Innovation Lab for Green Finance
DATE: Friday December 18, 10:00-11:00am IST
UPDATE: The deadline to submit ideas has been extended by one week, to January 17 at 11:59pm IST.
The India Innovation Lab for Green Finance is a new public-private initiative that identifies, develops, and accelerates innovative solutions to finance green infrastructure for renewable energy (including utility scale, distributed, and off-grid), energy efficiency, urbanization, and other channels for green growth. It is a unique initiative that aims to provide concrete solutions to the unique financing challenges to investment in green infrastructure in India. By addressing investors’ needs, it can unlock new investment for clean growth in India.
Since its launch on November 12, the India Lab has received the endorsement of the Ministry of New and Renewable Energy, and was supported in a joint announcement on energy and climate by India Prime Minister Narendra Modi and UK Prime Minister David Cameron, during Prime Minister Modi’s recent visit to the UK. The India Lab is represented by 14 institutions from government, finance, renewable energy, and infrastructure, who serve as Lab Members.
Now, The India Innovation Lab for Green Finance is seeking proposals for innovative financial instruments that have potential to manage barriers and scale up investment for green growth in India. Up to four winning ideas will receive advice and endorsement from expert Lab Members to develop and implement the ideas over the course of the next year.
In this webinar on December 18, Gireesh Shrimali introduces the goals and process of the India Innovation Lab for Green Finance, and shares how to submit ideas and the India Lab’s selection criteria. A short presentation is followed by questions from participants. Visit www.greenfinancelab.in/ideas to submit an idea and learn more about selection criteria.
About the presenters: Gireesh Shrimali is the Director of Climate Policy Initiative, India. Rituraj Borah is a Senior Analyst with Climate Policy Initiative, India. Climate Policy Initiative serves as the Lab Secretariat for the India Innovation Lab for Green Finance.