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power plants of 500 MW capacity each. Emissions reduction of ~ 100 utilities). The National Clean Environment Fund or another special
mt CO2e can be achieved between 2027 (BAU) and 2027 (Improved). cess levied could be utilized for seeding this mechanism.

4. Grid Dependence: The quality of power and stability of grid is a 4. Use of technology: Constant improvement backed by technolo-
factor influencing the growth of emerging areas in clean energy. With gy improvements would be key in achieving India’s energy efficien-
the introduction of renewable sources of generation, with intermit- cy potential. India has instituted a structure to promote these new
tent contribution to grid, it is imperative to set up large battery stor- technologies including formation of Technology Development Board
age or the ancillary services for better reliability of the grid network. and committees within Bureau of Indian Standards to ensure ho-
mologation of the new technologies. Further, it is also important to
Key Drivers ensure development and/or adoption of technologies specific to the
Indian conditions. Industry specific centre of excellence should be
The key drivers to ensure growth of clean energy led technologies are developed across the country. Industry associations should be en-
as follows: couraged to take lead in this process. India is a tropical country and
1. Favourable regulations: Good regulations have the capacity to act significant energy consumption in the country is for cooling. Specific
as catalyst for the growth of any sector. Regulations including policies, interventions should be undertaken to develop cost effective India
acts and directives provide other stakeholders a clear signal about specific technology solutions.
the legislative body’s intention to promote a given sector and/or tech- Innovative technologies including IoT (Internet of Things) and
nology. This direction enables stakeholders especially suppliers and Blockchain have the ability to bring an energy revolution across sec-
service providers to prepare long-term strategies and allocate capital. tors. These technologies enable collection of data and improve con-
nectivity, which allows for better decision-making and convenience.
2. Institutional framework: Strong institutions are the cornerstone India has begun adopting these innovative solutions in various sec-
of any large intervention. The institutions should have enough well tors including agriculture (smart control panels), municipal (CCMS),
trained and capable resources to successfully implement the inter- commercial (building management systems) and domestic (intelli-
vention. Strategically, it is now important to strengthen the state agen- gent appliances).
cies and enable them to drive the energy efficiency agenda. There is however, poor understanding of the technology can also act as a
need for strong enforcement mechanism at state levels that would barrier in implementation of energy efficient solutions. Large-scale
lend further strength of the national and local level programme. implementation of the innovative technologies still looks to be years
away due to challenges such as the need for skill development, capac-
3. Finance: EE (Energy Efficient) solutions are generally more capital ity building and awareness, perceived concerns around investment
expenditure intensive than conventional solutions. Even though the outlay and cost benefit, inadequate knowhow, lack of infrastructure
lifetime cost of EE solutions is lower, high initial investment deters and lack of adequate cyber security norms. Improper implementa-
many from implementing EE solutions. Financial institutions also tion would result in lack in trust in technology. It is important for
have limited understanding of these solutions and are unsure of fund- the government to take lead in mitigating the challenges mentioned
ing EE projects. India has in the past through various capacity build- through development of infrastructure and pilot projects to display
ing initiatives, pilot project implementation and financial instruments these technologies.
including Energy Efficiency Financing Platform (part of NMEEE), Par-
tial Risk Sharing Facility (PRSF) attempted to increase the amount of 5. Stakeholder engagement: Involvement of all key stakeholders
finance available for implementation of EE projects. would result in faster adoption and smoother implementation. For
To promote energy efficient solutions, it is therefore important that example for adoption of electric vehicles it is important to first have
project proponents and service providers (ESCOs) have access to fi- policies for promotion and adoption of EVs (Electric Vehicle), insti-
nance at cheaper rates. These financial solutions could take form of a tutional framework to train new breed of engineers and ensure ho-
revolving fund, risk guarantee or insurance facility or forming corpus mologation, OEMs to make the transition from (Internal Combustion
for project implementation (similar to DSM fund within distribution Engines) ICE vehicles to EVs, ecosystem players to provide services

EnErgising sustainablE & ProsPErous FuturE 61