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Unlocking finance and scaling up capital for India’s clean energy ambitions
India has achieved major progress in its energy sector over the last two decades. Still, investment needs to scale up considerably to meet the government’s ambitions to achieve 500 GW of renewable energy capacity and energy-intensity reductions of 45% by 2030. Targeted application of public funds, alongside international climate and development finance, can “crowd in” investors and channel private capital to meet India’s clean energy ambitions. The session will highlight key recommendations for offshore wind, green hydrogen production and energy efficiency measures in micro, small and medium enterprises, emerging from the Clean Energy Finance and Investment Roadmap of India developed by the OECD and the Natural Resources Defense Council (NRDC), under the guidance of diverse ministries across the government of India.
