Project on Financing
- 1. (Financing for Development: Unlocking Investment Opportunities)
- 2. Why Green Energy ? • Fossil fuels is the biggest source of pollution. • Coal alone, source of 41% of the world’s electricity. • Pollution causes disease, degradation and climate change. • 23 % of the global disease burden due to pollution (WHO). • Air pollution cause of 1.3 million premature deaths yearly . • Green energy is solution to all such distress.
- 3. What is green energy ?
- 4. Opportunities in India • Over dependence on dirty fossil fuel 64%. • Renewable energy constitute just 10%. • India already facing pollution impact. • Huge potential and wider geographical spread.
- 5. India-Wind and solar potential
- 6. Where the Funds will come from? Domestic Funding Agencies • Commercial Banks • Infrastructure Bonds • Capital market • Insurance Companies • Public Pension Funds • Other financial Institutions • Budgetary Provisions of Government International Funding Agencies • IDA Psw • MDBs • IFC • ODA
- 7. IDA -unlocking opportunity • The International Development Association (IDA) is the part of the World Bank that helps the world’s poorest countries. • Private Sector Window (PSW) of IDA, mobilize funds for private sector investment. • Merits of this funding: -Complementary investments. -Providing guarantees -Making direct invest in the private sector
- 8. Private Sector-the lead actor • Private sector finances, a key part of the global development agenda . • The Development Assistance from MDBs, IDA and the Government would act as a catalyst for mobilizing funds, creating an enabling environment. • Private sector has to play a critical role through creating sustainable pathways out of poverty for millions. • Private Sector provides most of the finances, new technologies and operational efficiency and make the environment competitive.
- 9. Expected Outcomes • Mobilization of finances • Energy for development • Pollution free clean energy • Improved environment and health • Climate change mitigation • Meeting of SDGs