India Needs Green Banks To Power Its Clean Energy Market

India's headlong rush to boost renewable energy in keeping with the spirit of the Paris climate summit has been tempered with the difficulties project developers are facing to secure inexpensive finance. This issue can be best solved by establishing a green bank to strengthen the rapidly expanding clean energy market, a recent report has recommended.
Amit Dave / Reuters

Save Me Technology, For I Have (Energy) Sinned

Unfortunately, in recent times the emphasis has shifted from reducing the demand of power in India through efficiency to increasing its supply. Except for limited exceptions, numerous studies have shown that people worldwide are under-investing in energy efficient products. While some of this may be due to lack of awareness, much of the problem stems from misaligned incentives -- for utilities, selling more "product" (electricity) is their measure of success (and profits).