Mapping India’s Energy Policy 2022: How can public support mobilize private investments for India’s clean energy transition?

Carefully designed government support measures for energy are a critical step on the path to net-zero emissions, particularly for achieving ambitious clean energy targets. Beyond 2030, as India’s fossil fuel use begins to peak and decline, we can also anticipate that fossil fuel revenues will fall significantly. The strategic use and diversification of revenue sources will be crucial to boosting the supply of clean energy, incentivizing its demand, and maintaining a smooth fiscal transition. In both support schemes and revenue planning, the synergy between social protection and the consumption of clean energy must be factored in as the country deliberates a new investment paradigm.

This session, organized by the Council on Energy, Environment and Water (CEEW) and the International Institute for Sustainable Development (IISD) provides an updated assessment of how the Government of India has used public resources to support fossil fuels, renewables, and electric vehicles from FY 2014 to FY 2021. The session also touches on the revenue implications of the energy transition and discusses the role of the public and private sectors in collective action toward achieving a clean energy transition.

This event will launch a new CEEW-IISD report on Mapping India’s Energy Policy 2022: Aligning Support and Revenues with a Net-Zero Future.

Agenda

Welcome Remarks

Christopher Beaton, Lead, Sustainable Energy Consumption, IISD

Keynote Speaker

Amit Verma, Director, Energy, NITI Aayog

Presentation of Mapping India’s Energy Policy 2022

Swasti Raizada, Policy Advisor, IISD

Panel Discussion

Moderator

Prateek Aggarwal, Programme Associate, CEEW

Speakers

• Kavita Rao, Professor, Acting Director, National Institute of Public Finance and Policy
• Anjana Seshadri, Lead, Environmental, Social, and Governance (ESG), Neev Fund, SBICAP Ventures ltd
• Alexander Hogeveen Rutter, Private Sector Specialist, International Solar Alliance
• Abhishek Ranjan, Senior Vice President Strategy and Head—Utilities and Retail, ReNew Power

Closing Remarks

Christopher Beaton, Lead, Sustainable Energy Consumption, IISD