Financing clean energy infrastructure, sustainable transport, energy efficiency and waste management are among the key imperatives today. Critically analyse the efforts taken by India in this regard? (200 W)

Mentor’s Comment:

Financing clean energy infrastructure, sustainable transport, energy efficiency and waste management are among the key imperatives today. Introduction should talk about such in general.

In the main body, talk mention that huge investments are required to combat the risks of climate change. Such initiatives require large scale upfront investments and years until cost can be recovered. It has been estimated that approximately 100 trillion of additional investment will be required between 2016 and 2030 to sync he imperatives of global development with that of addressing the challenges of climate change.

Further, talk about the steps taken by India in this regard. Green financing, Indian Renewable Energy Development Agency (IREDA), National Clean Energy Fund (NCEF), signing of $98 million loan pact with World Bank and $ 2 million grant agreement towards renewable energy power generation etc.

Next talk about the challenges in front of India in financing clean energy, infrastructure, sustainable transport, energy efficiency and waste management etc.

Next, suggest what more needs to be done in this regard and bring conclusion based on the points of main body.