A production-linked incentive scheme would provide direct subsidies to manufacturers interested in building facilities in India to make offshore wind power turbines. One of the key requirements to unlock the potential for offshore wind in India is to develop the local supply chain, logistics and port infrastructure. Technology advancements and innovative financing have driven the […]
Behind India’s updated climate pledges: IEEFA – EQ Mag Pro
Last week, India announced its updated pledges under the UN climate framework, the Nationally Determined Contributions (NDCs). While the full text is not yet available (it will be uploaded in the coming days to the UN registry), the government has released a statement with the key highlights. The pledge is modelled on the speech given […]
Assessing the decarbonization pathways of India’s power sector giants: IEEFA – EQ Mag Pro
Indian power sector giants NTPC and Tata Power require massive capital to fund their transformations into clean energy companies. NTPC would need to accelerate decommissioning of coal mines and existing coal-fired power plants and stop building new ones, while Tata Power would need to accelerate decommissioning of its coal-fired power plants prior to their contractual […]
Is discom health tripping the energy storage sector – EQ Mag Pro
Experts are of the opinion that making use of the ‘market mechanism’ may be a way out In India’s energy sector, it seems you can’t take a step without tripping on the most vexatious problem ever, namely, the health of discoms. The country’s various electricity distribution companies (discoms), which are utilities, mostly owned by the […]
IEEFA: How RBI can play a role in building resilience against climate risks – EQ Mag Pro
Recently, the European Central Bank (ECB) conducted its maiden climate test that showed a sudden jump in carbon prices along with floods and droughts this year would lead to losses of at least US$71.1 billion for the Eurozone’s biggest banks. RBI can learn from other central banks that have already run climate tests using scenarios […]
IEEFA: Finding the right way forward in Pakistan’s energy crisis – EQ Mag Pro
Pakistan faces dire fuel and power shortages with little end in sight, as wealthy buyers of liquefied natural gas (LNG) offer top dollar for every available cargo amidst the ongoing global energy crisis. Rather than lock in high prices for the long-term, buyers in Pakistan can consider signing shorter five-year contracts with portfolio players. Although […]
The race for new-generation clean energy technologies in India: IEEFA – EQ Mag Pro
Indian government’s initiatives and policy support are helping drive investments in new clean energy technologies, such as green hydrogen, energy storage and offshore wind. Profitability and value appreciation will be at the core of how successful India’s new energy ventures turn out to be. The recent sharp rise in India’s electricity demand has intensified the […]
Indian financial system needs a green taxonomy for resilience to climate risks: IEEFA – EQ Mag Pro
The RBI, with a taxonomy as an important tool, can expedite climate risk discovery in the banking system and steer credit towards sustainable activities. As long-time risk managers, risk carriers and investors, insurers would benefit from a green classification system to ascertain assets with little contribution to climate risks. As the biggest owners of financial […]
Carbon capture landscape 2022 — still too early to confidently fulfill promises: IEEFA – EQ Mag Pro
It is important for investors to be clear about the type of CCS being discussed, as the different applications have varying levels of technical and commercial maturity, contrasting environmental and social risks and opportunities, and differing mitigation potential. The availability and quality of data from the testing and operations of CCS across all applications is […]
Renewable energy assets in India: A project finance perspective: IEEFA – EQ Mag Pro
Supply chain disruptions, implementation of trade barriers and a tightening monetary policy pose fresh challenges for renewable energy companies. Multiple levers remain with renewable energy companies to enhance returns and cushion against downside risks. The rise in solar module prices is an aberration, and long-term average prices should revert to sub-US$0.20 (before duties and taxes) […]