Exploring the Leading Role of Government in Renewable Energy Financing

Jump To References Section

Authors

  • Nupur Ahuja
     ,IN

DOI:

https://doi.org/10.18311/ijprvd/2022/30697

Abstract

No Abstract.

Downloads

Download data is not yet available.

Metrics

Metrics Loading ...

Downloads

Published

2022-07-12

How to Cite

Ahuja, N. (2022). Exploring the Leading Role of Government in Renewable Energy Financing. Indian Journal of Power and River Valley Development, 72(3&4), 57–68. https://doi.org/10.18311/ijprvd/2022/30697

Issue

Volume 72, Issue 3&4, March-April 2022

Section

Articles
Received 2022-07-12
Accepted 2022-07-12
Published 2022-07-12

 

References

Bhandary, Rishikesh Ram, Kelly Sims Gallagher & Fang Zhang. (2021): “Climate finance policy in practice: a review of the evidence.” Climate Policy, 21:4, 529-545. DOI:10.1080/14693062.2020.1871313

Bhattacharjee, Sudipta, and Vikram Naik. (2021): “Production Linked Incentive Schemes – Compatibility with WTO Norms.” Taxsutra. https://www.khaitanco.com/sites/default/files/2021-04/Production%20Linked%20Incentive%20Schemes%20%E2%80%93%20Compatibility%20with%20WTO%20Norms.pdf

Donastorg, A., S. Renukappa and S. Suresh. (2017): “Financing Renewable Energy Projects in Developing Countries: A Critical Review.” IOP Conf. Series: Earth and Environmental Science 83. doi :10.1088/1755-1315/83/1/012012

Graylee, Kai. (2012): “Beyond The Debate: The Role of Government in Renewable Energy Finance.”https://www.oecd.org/cgfi/forum/The-governments-role-in-mobilising-investment-and-innovation-in-renewable-energy-Insights.pdf

Ghosh, Saurabh, Siddhartha Nath and Abhishek Ranjan. (2021): “Green Finance in India: Progress and Challenges.” RBI Bulletin from Strategic Research Unit of Department of Economic and Policy Research (DEPR). https://rbidocs.rbi.org.in/rdocs/Bulletin/PDFs/04AR_2101202185D9B6905ADD465CB7DD280B 88266F77.PDF

GOI. (2022): “Renewable Energy Obligations.” ANERT, Government of Kerela. https://anert.gov.in/node/114#:~:text=Renewable%20Purchase%20Obligation%20(RPO)%20mandates,the%20Indian%20Electricity%20Act%2C%202003

Grubb, M. (2014): “Planetary Economics.” Routledge, Oxford and New York.

Gupta, Alok R. (2020): “Financing India’s Renewable Energy Vision.” ORF Issue Brief No. 336, Observer Research Foundation. orfonline.org/research/financing-indias-renewable-energy-vision-60516/

Hall, B.H. (2002): “The financing of research and development.” Oxf. Rev. Econ. Policy 18 (1), 35–51. http://dx.doi.org/10.1093/oxrep/18.1.35.

IBEF, 2022. https://www.ibef.org/industry/power-sector-india

IEA. 2020. “Renewable electricity generation increase by technology, country and region, 2020-2021.” IEA, Paris.https://www.iea.org/data-and-statistics/charts/renewable-electricity-generation-increase-by-technology-country-and-region-2020-2021

IEA. 2021. “India Energy Outlook (2021): “World Energy Outlook Special Report. https://iea.blob.core.windows.net/assets/1de6d91e-e23f-4e02-b1fb-51fdd6283b22/India_Energy_Outlook_2021.pdf

Invest India. (2020) https://www.investindia.gov.in/sector/renewable-energy

Irena. (2021): “Financing Renewable Energy Projects.” https://www.irena.org/financeinvestment/Financing-Renewable-Energy-Projects

Kalyuzhnova, Yelena, Dina Azhgaliyeva and Maksim Belitski. (2018): “Policy instruments for renewable energy: an empirical evaluation of effectiveness.” Int. J. Technology Intelligence and Planning, Vol.12, No.1, pp.24–48

Khurana, Gautam. (2018): “Renewable Energy in India: Current Status and Future Potential.” Indiary Foundation, https://www.indiary.org/en/legal-advice/Renewable-Energy-in-India-Current-Status-and-Future-Potential-2-79-429?gclid=Cj0KCQiA95aRBh CsARIsAC2xvfxrxXriS9m03fwcE4Hfz6XOGvb7 ao5QJr2zTp5FjjLR7vlZE8sJ9XkaAhsPEALw_wcB

Kim, Kyunam, EunnyeongHeo and Yeonbae Kim. (2015): “Dynamic Policy Impacts on a Technological-Change System of Renewable Energy: An Empirical Analysis.” Environ Resource Econ. DOI 10.1007/s10640-015-9946-5.

Krishnaswamy, Srinivas. (2014): “A Handbook of Climate Finance in India.” A report by Vasudha Foundation, http://www.vasudha-foundation.org/wp-content/uploads/Final_Climate_Finance_Handbook-1.pdf

Kumar. J, C.R., Majid, M.A.(2020): Renewable energy for sustainable development in India: current status, future prospects, challenges, employment, and investment opportunities. Energ Sustain Soc 10, 2. https://doi.org/10.1186/s13705-019-0232-1.

Langniss, O. (1996): “Instruments to foster renewable energy investments in Europe: a survey under the financial point of view.” Renew. Energy 9 (1–4), 1112–1115. http://dx.doi.org/10.1016/0960-1481(96)88473-4.

Mallon K. (2006): “Ten features of successful renewables markets.” Renewable energy policy and politics: a handbook for decision making. London: Earthscan; 35-84.

Mazzucato, M., and Semieniuk, G. (2018): “Financing renewable energy: Who is financing what and why it matters.” Technological Forecasting and Social Change, 127, 8–22. doi:10.1016/j.techfore.2017.05.021.

Ministry of Electronics and Information Technology. (2022): “Production Linked Incentive Scheme (PLI) for Large Scale Electronics Manufacturing.” Government of India. https://www.meity.gov.in/esdm/pli

Miranda T. (2010): “Designing a national renewable electricity standard: five key component.” Washington, DC: Carnegie Endowment for International Peace. https://carnegieendowment.org/files/renewable_electricity_standard.pdf

Nelson, David, Gireesh Shrimali, Shobhit Goel, Charith Konda and Raj Kumar. (2012): “Meeting India’s Renewable Energy Targets: The Financing Challenge Climate Policy Initiative.” CPI-ISB Report

OECD. (2017) “Green Finance and Investment Insights.” OECD publishing, Paris.

OECD. (2021): “Global experience in catalysing renewable energy finance and investment.” https://www.oecd.org/cefim/india/global-study/#:~:text=Renewable%20energy%20financing%20in%20India,IEA%2DCEEW%2C%202019

Oluwatola, Tobi A. (2016): “Let There Be Light: Green Industrial Policy and Energy Access in India.” submitted as at the Pardee RAND Graduate School.

Pandey, Rita, Sanjay Bali and Nandita Mongia. (2013): “Promoting Effective Utilisation of National Clean Energy Fund.” National Institute of Public Finance and Policy supported by Shakti Sustainable Foundation, pp. 9-10.

PIB. (2011): “Generation Based Incentive Scheme.” Press Information Bureau, Government of India, Ministry of New and Renewable Energy. https://pib.gov.in/newsite/PrintRelease.aspx?relid=78829

PMFIAS. (2019): “India’s National Action Plan on Climate Change (NAPCC).” https://www.pmfias.com/national-action-plan-climate-change/

Raven R. and K. Gregersen. (2007): “Biogas plants in Denmark: successes and setbacks.” Renewable and Sustainable Energy Review, vol.11; 116-132.

REN. (2021): “Investment Flows.” Chapter 05, REN21, Renewables Now. https://www.ren21.net/gsr-2020/chapters/chapter_05/chapter_05/

Sarangi, G. K. (2018): “Green Energy Finance in India: Challenges and Solutions.” ADBI Working Paper 863. Tokyo: Asian Development Bank Institute. https://www.adb.org/publications/green-energy-finance-india-challenges-and-solutions.

Scheer, H. (1995): ”Solar energy’s economic and social benefits.” Solar Energy Materials and Solar Cells, Vol.38, 555–568. doi:10.1016/0927-0248(94)00243-6

Shahrouz Abolhosseini, Almas Heshmati. (2014): “The main support mechanisms to finance renewable energy development.” Renewable and Sustainable Energy Reviews, Volume 40; 876-885, ISSN 1364-0321. https://doi.org/10.1016/j.rser.2014.08.013. https://www.sciencedirect.com/science/article/abs/pii/S1364032114006893.

Shakti. (2021): “Clean Energy Finance.” https://shaktifoundation.in/work/clean-energy-finance/#:~:text=Clean%20energy%20finance%20focuses%20efforts,which%20are%20financially%20intensive%20tasks

Sharma, Naveen Kumar, Prashant Kumar Tiwari, Yog Raj Sood. (2012): “Solar energy in India: Strategies, policies, perspectives and future potential.” Renewable and Sustainable Energy Reviews, Vol. 16, 933– 941.

Sinha, Jolly, Shreyans Jain and Rajashree Padmanabhi. (2020): “Landscape of Green Finance in India.” Climate Policy Initiative supported by Shakti, sustainable energy foundation.

SSN. (2013): “The benefits and challenges of using Feed-in-Tariff policies to encourage Renewable Energy.” Scholars Strategy Network.

Stern, N. (2015): “Why Are We Waiting?: The Logic, Urgency, and Promise of Tackling Climate Change.” MIT Press.

TOI. (2018): “Renewable energy certificates to continue face regulatory challenges: Ind-Ra.” The Times of India. https://timesofindia.indiatimes.com/business/india-business/renewable-energy-certificates-to-continue-face-regulatory-challenges-ind-ra/articleshow/64737729.cms

White, W., Anders Lunnan, Erlend Nybakk and Biljana Kulisic. (2013): “The role of governments in renewable energy: The importance of policy consistency.” Biomass and Bioenergy, http://dx.doi.org/10.1016/j.biombioe.2012.12.035