MNRE Organises Event on Low-Cost Finance for New and Emerging Energy Technologies
The event is being organised at Jio World Convention Centre, Mumbai, on May 15, in partnership with the Indian Renewable Energy Development Agency and International Renewable Energy Agency.
May 15, 2023. By Anurima Mondal
The event is expected to witness the active participation from policy makers, technology developers, international and domestic financial institutions, development banks, industry players, academia and other key stakeholders.
The sessions will focus on the estimation of cost-effective financing for energy transition based on the future trajectory of emerging critical technologies – hydrogen, offshore wind, energy storage and carbon capture utilisation & storage.
The report ‘Low-Cost Finance for Energy Transition’ prepared by IRENA in collaboration with the MNRE under G20’s India Presidency, was also be unveiled at the G20 ETWG side event. The report provides a comprehensive toolbox to increase the availability of low-cost capital in G20 countries and beyond.
The opening plenary will see the presence of Bhupinder Singh Bhalla, Secretary, Ministry of New and Renewable Energy, Alok Kumar, ETWG Chair & Secretary, Ministry of Power, Abha Shukla, Principal Secretary Energy, Government of Maharashtra, Pradip Kumar Das, Chairman & Managing Director, IREDA, and Gauri Singh, Deputy Director-General, IRENA.
The side event will feature two panel discussions – first session on the outlook of new and emerging energy technologies and the second session will discuss the role of international financial institutions and development banks in mobilizing investments.
The development and deployment of these emerging critical technologies will require extensive research and development, creation of demand markets, reliability of the regulatory landscape and long-term commitments to attract investment on a sustainable basis.
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