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Unlocking Finance to Scale Decentralised Renewable Energy for Clean Energy Transitions: Learnings from India

Divya Gaur (The Council on Energy), Saipriya Salla (Aspen Network of Development Entrepreneurs), Priyatam Yasaswi (The Council on Energy), Ananya Saini (Aspen Network of Development Entrepreneurs), Simrin Chhachhi (SELCO Foundation), Rachita Misra (SELCO Foundation)
This Policy Brief was first published in https://t20ind.org

Abstract

Decentralised renewable energy (DRE) technologies play a critical role in enabling an equitable energy transition and ensuring energy security for many emerging and developing economies. These technologies address three of the most pressing challenges faced in developing countries: they support diverse energy needs and, thereby, the livelihoods of large populations; they help in reaching the last mile, specifically in climate- vulnerable geographies with unreliable connectivity to electricity; and finally, they meet rising energy demands in a climate-responsible manner. Unlocking finance, for both users and enterprises, holds the key to mainstreaming these technologies for a just energy transition. To address this financing challenge, this brief proposes (a) establishing a multi-stakeholder focus group under the Energy Transitions Working Group for DRE, (b) providing capital support to pilot innovative financial instruments in the DRE sector, and (c) creating a robust framework for knowledge sharing among member countries through dedicated monitoring and impact evaluation efforts.

Authors

Divya Gaur (The Council on Energy), Saipriya Salla (Aspen Network of Development Entrepreneurs), Priyatam Yasaswi (The Council on Energy), Ananya Saini (Aspen Network of Development Entrepreneurs), Simrin Chhachhi (SELCO Foundation), Rachita Misra (SELCO Foundation)

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