India, under the Intended Nationally Determined Contribution (INDC), has set an ambitious target to achieve installed capacity of 175GW of renewable energy by 2022, including 100GW of solar power. Of that, the government aims for 60 GW to be utility-scale solar, and the rest to be rooftop solar.

There is broad consensus that limiting global warming to well below 2 degrees Celsius requires a peak in carbon emissions by 2020, a stable and steep decline through 2050, and close to net-zero emissions after mid-century.

Low access to debt capital remains one of the key barriers to achieving the Indian government’s target of 40GW of rooftop solar installations by 2022.

This report examines macroeconomic impacts of India’s renewable energy pathway. By establishing the relationship – negative, positive, or neutral – between key macroeconomic factors and renewable energy, the report examines the opportunities to meet economic and clean energy targets simultaneously.

This report examines the challenge of managing India’s renewable energy growth with increased flexibility in the system. This component specifically tries to address the dual issue of flexibility and stranded assets and looks at the plausibility of using existing coal-based power plants as flexibility reserves.

India’s economy is growing rapidly, and with it, so is energy demand. The IEA-IEO (2015) estimates that India’s aggregate energy consumption will more than double by 2040. The Government of India plans to install 175 GW of renewable energy projects by 2022 and 275 GW by 2027.

As governments and development finance institutions scale up delivery of climate finance commitments, the question of how to measure and ensure additionality becomes increasingly important.

Mobilizing investments by institutional investors, foreign and domestic, is a requisite for India to meet its clean energy targets. India needs an additional ~450 billion of capital by 2040 to reach ~480GW of renewable energy capacity.

On November 4 2016, the Paris Agreement entered into force. To date, 190 countries have submitted 164 nationally determined contributions (NDCs) outlining their own goals and methods to reduce emissions in common effort to limit global temperature increases this century.

This paper—produced in collaboration between Climate Policy Initiative (CPI), Stockholm Environment Institute (SEI), and Indian Council for Research on International Economic Relations (ICRIER), and funded by the Swedish Energy Agency as part of its support for the New Climate Economy project—proposes the use of municipal bonds to support the sc

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