India has grown its renewables capacity by 250% in the last five years and plans to expand it by another 500% to reach 450 gigawatts by 2030. To meet its ambitious climate goals and looking ahead to even stronger climate action, India needs steep growth – and steep investment in clean energy. India’s clean energy finance ecosystem has grown over the last five years. Both public and private institutions in India have developed and tested a series of catalytic financing solutions to address risk perceptions and investment barriers, and to grow India’s renewables market. A new issue brief by NRDC and CEEW, Investing in a Green Future: India’s Initiatives in Clean Energy Finance, highlights financial innovations that have made an initial impact and, when expanded, can accelerate India’s green economic recovery and help build a robust clean energy financing ecosystem in the country.
Related IssuesRenewable EnergyClimate Change