Clean Energy Finance and Investment Roadmap of India
Opportunities to Unlock Finance and Scale up Capital
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 goals. The Clean Energy Finance and Investment Roadmap of India highlights key actions needed to accelerate the development of energy efficiency measures in micro, small and medium enterprises, offshore wind and green hydrogen production. The report provides a comprehensive overview of the initiatives to date and challenges to scale up investments. It also provides a number of tailored recommendations for the Government of India, development partners and the private sector.
Green hydrogen
This chapter delves into the financing and investment required to develop India’s green hydrogen sector by 2030. It provides an overview of the current trends of the hydrogen market in India and summarises key announcements related to green hydrogen to date. It also highlights the barriers associated with green hydrogen development at various stages of the value chain and in order to scale up financing. This chapter then proposes seven recommendations on improving the enabling environment and financial support schemes to unlock required capital to meet 2030 targets.
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