Access to renewable energy helps reduce greenhouse gas emissions by decreasing dependence on fossil fuels, particularly coal plants and diesel generators. While the renewable energy sector offers an attractive investment opportunity, there are barriers to investment.
Through our offices in India and Indonesia, we have significantly influenced government policy related to renewable energy. Our team in India works with the Ministry of New and Renewable Energy, the Ministry of Finance, and other policymaker to increase investment to India’s renewable energy targets. We do this through a three-pillar approach: first, understand potential investors and the barriers they face; second, explore policy solutions to these barriers; and third, develop financial instrument solutions to these barriers.
Energizing Finance, developed in partnership with Sustainable Energy for All, provides a comprehensive analysis of tracked finance commitments flowing to the two key areas of energy access: electrification and clean cooking.
One of the key challenges for cities to meet their climate goals is the availability of finance and technical expertise, especially in developing economies. However, opportunities exist to better understand the landscape of and sources for urban climate finance, what’s preventing its scale-up, and how choices at the municipal, regional, and national levels can optimize the environment for urban climate finance.
India’s commitments under the 2015 Paris climate agreement, which aims to limit global warming to well below 2° Celsius relative to pre-industrial levels, include three quantifiable objectives. By 2030, the country aims to reduce the emissions intensity of its GDP by 33-35%.
Despite their potential, Indonesia’s capital market is yet to see the issuance of municipal green bonds due to multiple challenges. This study explores the use of municipal bonds to support Indonesia’s energy transition targets and analyze the overall feasibility of implementing such bonds.
In this podcast, Dhruba Purkayastha, our India Director deliberates on the future of distributed renewable energy in India and its market potential.
In this podcast, Dhruba Purkayastha, our India Director discusses the state of the distributed solar sector in India.
India will require an annual DRE investment of USD 18 billion by 2024, a 10x increase from current levels to meet its sustainability targets. This CPI report outlines the benefits and market potential of India’s DRE sector, examines the current policy and institutional landscape, and provides tailored recommendations for the different stakeholders.
India’s budget for 2021-2022 lays a strong foundation for a sustainable recovery post-COVID-19, with a clear focus on infrastructure development and job creation. Despite the fiscal constraints due to the pandemic, the current budget does convey the government’s intent to fight climate change. However, the budgetary allocations may fall short given the sheer scale of estimated adverse economic impact due to the impending climate crisis.