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 boost the supply of clean energy, incentivise its demand, and maintain 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) will provide 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 will discuss the role of the public and private sectors in collective action towards achieving a clean energy transition.
Finally, 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
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