Join us in India this November
1-3 November 2023 | Hyatt Regency, New Delhi
The energy transition in the Global South represents a pivotal and complex journey towards sustainable, low-carbon, and equitable energy systems. These countries recognize the need to move away from traditional fuels to achieve climate resilience and energy security. This transition entails multifaceted efforts, including the expansion of renewable energy sources, enhancement of energy efficiency, and the deployment of innovative technologies. The transition must also seek to empower marginalized communities, create employment opportunities, and improve living standards for all.
The Energy Transition Dialogues, powered by The Global Energy Alliance for People and Planet and Observer Research Foundation (ORF), will bring together domestic and international stakeholders to deliberate on and devise solutions to key issues to further a People Positive-Centric Energy Transition around the world. The Dialogues will utilize multiple formats, including closed-door and public discussions, to identify collaborative pathways for consolidating existing work in this arena and creating new self-sustaining networks for further collaborative actions to accelerate the energy transition.
Opportunities under India’s Leadership
India has outlined 6 key priorities under its G20 Presidency that reflect a focus on various aspects of Energy Transition and building global cooperation towards sustainable and clean energy development.
TETD will focus on these pathways to strengthen India’s G20 priorities through collaborative actions.
Collaborative actions
Technological, economic, regulatory, and social considerations to Energy Transition in India1 are well documented and understood (e.g., Distribution Company payment delays, planning regulations for Renewable Energy, Renewable Energy integration, just transition pathways including re-skilling and green jobs). There is an unprecedented opportunity to build consensus on solutions to these issues, and strengthen collaborative action in this space:
- Strengthen coordination and capacity on Energy Transition across different sectors in the Indian energy eco-system including the Government, private sector, finance, NGOs etc.
- Existing discussions around Energy Transitions could be further mainstreamed with respect to the consideration of just transition and green growth.
Related News & Insights
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Roadmap to India's 2030 Decarbonization Target
In India, there is the will to move away from fossil fuels as much and as early as possible. This is clear from the announcements made by Prime Minister, Shri Narendra Modi, at COP26 in Glasgow in 2021. Today, greenhouse gas emissions have become central to any discussion on energy system choices.
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Mapping India’s Energy Policy 2022
Energy is critical for many objectives of the Government of India, including economic recovery from COVID-19; universal access to clean and modern energy for human development imperatives; reducing severe levels of outdoor and indoor air pollution; and climate change mitigation.
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The Energy Transitions Innovation Challenge (ENTICE)
ENTICE is an initiative powered by The Global Energy Alliance for People and Planet (GEAPP) that is incentivizing innovations at scale for energy transitions. Interest from venture capitalists is often low during Series A funding (being focused more on Series B and C funding), as a result, start-up ideas do not progress beyond the drawing board.
Expected Outcomes:
- Opportunities are identified for collaborative action between critical Indian stakeholders and development finance/philanthropy towards a People Positive-Centric Energy Transition and are taken forward and resourced.
- Integrated energy deployment is informed and strengthened via interdisciplinary and cross-sectoral collaboration, with the dialogue continuing beyond the November event.
- Cross-sectoral coalitions are formed to elevate the dialogue and build a common vision for supporting India’s Energy Transition, driving action on specific opportunities.
Theme: Advancing People Positive-Centric Energy Transition in India & the World
PILLAR 1: Roadmap for Enhanced RE/BESS Ambition of 50GW per annum
● Focus on rooftops, ground-mounted decentralised and democratisation of energy
● New regulations and policies to support innovative business models for BESS
● Offshore wind, floating solar and Wind-Solar Hybrid
PILLAR 2: Scaling up Energy Efficiency
● Sustainable cooling
● EE in the MSME sector
● Enhanced EE of equipment and appliances
● Use of Demand Side Management to drive scalable EE solutions
PILLAR 3: Utility Modernisation
● Digitisation and use of AI/ ML in Demand Response, ToD, etc. to reduce costs and losses
● Governance reforms of Utilities
● Transition finance to enable Utilities to become commercially viable
● Capacity development of Utilities/ States to harness DRE – rooftops and ground-mounted
PILLAR 4: Decarbonisation of Transport and Industry
● Financing of EVs
● Innovations in reducing the cost of EVs – Battery Swap and Battery as a Service
● Road map for Green Hydrogen in transport
● Technology pathways for hard-to-abate industrial sectors
PILLAR 5: People Positive-Centric Energy Transition
● Diversification strategies of businesses in coal mining and thermal power with necessary skilling and training
● Strategies for the redevelopment of land for other productive use
● Taxonomy associated with transitions – alternate sources of tax revenues for centre and states
● Breakthrough technologies for energy transitions.
PILLAR 6: Clean Energy Financing
● Blended finance instruments
● Increased MDB support including leveraging private capital
● Mobilisation of Philanthropic capital
● Carbon markets to support energy transitions including people-centric issues
● Venture capital mobilization to support energy transitions
Stay tuned for more updates or contact Vaishali Mishra, GEAPP Director for Advocacy and Communications for Asia, at vaishali.mishra@energyalliance.org.