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Sustainable energy transformation to drive Climate-smart Investments

Coal, not being a purest form of energy has made strong economies and emerging markets to make transition towards sustainable energy through adoption of renewable energy sources like wind and solar. Share of renewable energy In India is making a dynamic transition while coal remains dominant form of energy.

India is targeted to achieve 175 GW of renewable energy and still access to finance remains one of the major concerns for the industry with limited capital and resources. Government has to play more robust role in supporting sustainable projects and leveraging opportunities in climate finance. Government must provide a enabling environment for private sector investors to mobilize private sector finance. Further to encourage private sector investments, loan guarantees offer a great way to reduce the risk for private players as it gives the investors a host of choices to invest in.