November 30, 2015
December 01, 2015
December 02, 2015
December 03, 2015
December 04, 2015
December 05, 2015
December 07, 2015
December 08, 2015
December 09, 2015
December 10, 2015
December 11, 2015
December 11 Valedictory, 2015
India’s INDC is prepared in a balanced and comprehensive manner to reflect all issues of
mitigation, adaptation, finance, technology transfer and capacity building while simultaneously endeavoring to meet all the developmental challenges that the country faces today.
Activities at India Pavilion on December 01, 2015, Le Bourget, Paris
More than 400 people visited India Pavilion and saw films on India’s initiatives in adaptation and mitigation and other went through the interactive material displayed on the India’s INDCs and the implementation of National Action Plan on Climate Change. Also on display were India’s Parampara of eco-friendly lifestyle practices and a culture of sustainable development since ages. Pavilion hosted sessions on “Financing Renewables in India”, “Solar Story in India” and “Case Studies on Energy Access”.
In the session on “Energy Access”, case studies were presented on the Decentralized Energy Solutions beyond Grid connectivity, where the non-conventional energy potential has extremely promising novel prospects. Use of Solar lantern and torch has revolutionarised the life of poor, particularly women and children in remote areas. Experience of Barefoot College, Tilonia creating networks of Barefoot Solar engineers in India and in more than 50 countries in Africa has given new confidence to women in participatory development and self-realization. Examples of renewable energy usage in Ladakh and green house potential in cold deserts supplementing balanced nutrition are worth replicating.
In session “Financing Renewables” investor’s concerns were voiced in terms of RE industries, tax holidays, generation based incentives, accelerated depreciation benefits, Renewable Purchase Obligation, Tax and fiscal incentives for EPC, net metering and Renewable Energy Certificates, etc . Integration of coal, power and new and renewable energy sectors, synergizing and streamlining planning and permissions in renewable energy sector were acclaimed .while India has active financial market but high cost of capital as well as high cost to swap currency risks were voiced.
During the discussions, a number of ideas for helping to bring down the cost of renewables were mooted including long term contracts and expansion of the Government’s successful DELP LED model of aggregation to rooftop solar. Development necessitates the usage of vast amounts of energy, but this energy must come at affordable prices. Therefore, financing alternate sources of energy plays a very crucial role for India. India is doing as much as it can with its own resources. With climate financing from the developed world we can do so much more, much faster. Given how capital intensive renewables are, if we can bring down the cost of capital, we can bring down the cost of renewables. The international community has a huge role to play in this.
House Full session on Financing Renewables in India
2nd Session on Energy Access , well attended.
1 - 5
Disclaimer: This video has been developed by an external organisation. The correctness of the facts mentioned therein is therefore the responsibility of the owner of the video.