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The Indian government has rightly made rooftop solar power one of its top clean energy priorities – here's how they can jumpstart the nascent market. Rooftop solar power offers electricity cons...
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Public-private collaboration will be essential to raising the finance needed for India's cleaner growth. While the right domestic policies will be key to facilitating finance, greatly scaling up investment from the private sector will be the only way to mobilise the full amount of capital needed to meet India's renewable energy targets. In order to scale up private investment, India needs financial instruments for renewable energy and other green infrastructure that are a better match with investors' needs.
Earlier this month, India announced its pledge for action on climate change beyond 2020, ahead of the United Nations summit on climate change negotiations this December in Paris. Laudable though it is, India's pledge, called an INDC (Intended Nationally Determined Contribution), is also very ambitious and achieving it is going to require mobilising a lot more financing, at more attractive terms. There are several avenues the government could explore for a more cost-effective and realistic pathway to the INDC.