The CEFI Roadmap developed between June 2021 and September 2022 brought together the government, industry sector stakeholders and domestic and international finance institutions to address bottlenecks complicating or constraining finance and investment in India’s clean energy sector. The Roadmap’s Steering Committee selected three focus areas, energy efficiency upgradation with a focus on MSMEs, offshore wind and green hydrogen, which will play a prominent role to help India to meet the targets announced in its updated NDC submitted in August 2022.

The recommendations of the Roadmap have been tailored to address the key concerns raised during the stakeholder consultations and three series of workshops in March, May and August 2022, each of them gathering more than 50 domestic and international participants. Recent policy developments that occurred during the development of the roadmap cover – at least partially – several key takeaways from the first and second series of workshops. Taking this forward, the third workshop focused on “deep dives” into solutions leading to the concept notes in Annex C and Annex D. They can be used as starting points for practical design and implementation of solutions after the roadmap.

The Roadmap can provide a basis to implement instruments supporting the efforts of the Government of India to reach commitment for clean energy and decarbonisation initiatives. Some recommendations can also be taken up under India’s G20 Presidency in 2023, exploring further how international dialogues can facilitate mobilisation of private capital by bringing together public and private capital providers together with governments to accelerate financing for clean energy transition.

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