India has ratified the Paris Agreement, and is set to ratify the second commitment period of the Kyoto Protocol. India is also working in many other ways to ensure long-term sustainable development. A major shift in the way that environmental sustainability is approached would be required to meet the commitments under these international agreements and various other goals. This implies changes in policy and regulation, institutional arrangements, implementation plans, skilling and capacity building of work force, financing methods and models, and consumer behaviour.
In this context, it is critical for government and industry to come together to understand multiple perspectives, discuss issues and challenges, and identify some key interventions that could transform our views and actions towards environmental sustainability. These interventions could also lead to some important strategic benefits of pursuing EE programs such as strengthening the country's energy security, enhancing industrial competitiveness, bridging the skill gap, reducing national fiscal deficit and creating employment.
To enable this, CII with Support from Shakti Sustainable Energy Foundation is conducting a long-term dialogue between government and industry, to discuss and deliberate on the future of energy efficiency in India - one of the key aspects of sustainability. The outputs of these discussions would serve to equip the government ministries and agencies better to tackle climate change.
Supported by : Shakti Sustainable Energy Foundation
In India, inspite of developing a comprehensive energy efficiency policies and mechanisms, is witnessing low rate of investment in energy efficient technologies and projects. Thus, with objective of accelerating EE finance. BEE appointed consortium of KPMG Advisory Services Private Limited and CII Godrej GBC to conduct a nationwide survey to assess the energy efficiency funding requirement for next 10 years across all the sectors in India and simultaneously identify five (5) innovative financing mechanism that ideally can be availed in all the sectors to execute energy efficiency projects.
This study is divided into two parts, viz. nationwide survey and identification of five innovative financing mechanisms.
A survey was conducted with objective of assessing the finance potential in various sector. The survey was completed for more than 1000 stakeholders across industry, buildings, municipality, transport, agriculture, DISCOM and residential sector. The survey results highlighted that there's huge potential for energy efficiency investments in various sectors. The survey results also provided important inputs for designing the financial instruments which addresses the current challenges faced by various stakeholders for implementing energy efficiency project.
Funded by: BEE
The Indian Micro Small and Medium Enterprise (MSME) sector plays an important role in the overall economic as well as social development of the country. With objective of further improving the MSMEs environmental performance by introduction of RECP programs and projects, World Bank appointed CII Godrej GBC to undertake review of various RECP Policy and Regulatory framework and provide recommendations to upscale the RECP interventions in MSMEs sector.
Under the this study, the outcome and results of various programs initiated by various government, national, international (multilaterals) agencies for improving the performance of MSMEs were analysed. And also provided detailed assessment on various barriers and opportunities which exist with the MSMEs for adoption of RECP measures so that the same can further be worked on to benefit in a sustainable growth of MSME sector.
Based on analysis detailed recommendations were suggested to mainstream Resource Efficiency and Cleaner Production in a more effective manner with the MSME sector and how the concept of Resource Efficiency and Cleaner Production can be made as an integral part of any MSME Sector.
Supported by: The World Bank
UNIDO is working on accelerating adoption of RECP practices in various countries and one of the important focus area is increasing capacity on financing for RECP project. UNIDO has initiated the project on capacity development for RECP finance with objective of raising awareness and facilitate accesses to funding mechanisms and at same time promoting innovative finance instruments for mainstreaming RECP into the operations of local manufacturing enterprises in the five target countries which are Colombia, Morocco, India, China, and South Africa. CII partnered with UNIDO in implementation of the project in India.
The situation is that, indigenous SMEs in these target countries seem not to have access to local, regional international funding; hence there is a need for a proper way for SMEs to have constructive dialogues with local commercial banks for investments. Thus, the project aimed to assist SMEs so that they would be able to have accesses to credit/loan facilities. Under this project the major activities undertaken were - Capacity building to access the existing green finance mechanisms, facilitating dialogues between companies and banks and highlighting socio-economic benefits for SMEs to convince them of the relevance of investments.
One of the important activities under the project was to develop case studies for successful RECP projects and it included details on technical and commercial feasibility.
Funded by: UNIDO
As part of ECO Project, USAID commissioned a project to increase awareness on new financial instruments for energy efficiency project.
CII-Godrej GBC, in partnership with NEXANT Asia, conducted a series of capacity building workshops for stakeholders to spread awareness on accelerated depreciation.
Workshops were held to review the equipment list, specifying items that qualify for accelerated depreciation, and to discuss the impact of this incentive, and possible ways in which the potential for utilising the accelerated depreciation benefit can be increased.
Four one-day workshops were held at different locations throughout the country. The workshops focused on capacity building, brainstorming and discussions.
The outcome of the workshops on 100% accelerated depreciation resulted in a report providing recommendations on how the existing provision of accelerated depreciation can be better and more efficiently integrated with other market-based energy efficiency improvement strategies, to enhance its overall impact.
Funded by: USAID
Implementation Partner: NEXANT Asia
Thematic Area: Green Finance, Capacity Building and Research & Development.
Waste Heat Recovery System (WHR) is one of the important energy efficient measures followed in cement and iron and steel industry to reduce the energy demand and carbon emissions. However, adoption of WHR is at an incipient stage in the state of Karnataka in spite of the obvious advantages. The possible reasons for the sluggish adoption in the Karnataka include high upfront capital investment (nearly 10 Crore/MW), extremely competitive market, mobilization of the investment, absence of a provision for power off take arrangements, limited awareness about WHR technology and its benefits due to limited installations, etc.
The Global Green Growth Institute (GGGI), an intergovernmental organization working to promote green growth at the national and state level, is encouraging the uptake of Waste Heat Recovery (WHR) based power generation in the cement and iron and steel industries in the state of Karnataka. GGGI has identified 'preferential tariff' for power generated through WHR as a tool to promote WHR in Karnataka. To this end, GGGI engaged a consortium of Idam Infrastructure Advisory Private Limited (Idam Infra) and CII-Godrej GBC to identify potential for WHR in Karnataka and explore if presence of a 'preferential tariff' for WHR power could accelerate its adoption.
It was estimated that the cement sector in Karnataka has a potential of 186 MW through WHR and based on the technical and commercial data received from cement plants and considering certain standard assumptions, a generic tariff of INR 5.08/kWHwas suggested for power generation of a WHR project of 10 MW.
Partners: GGGI and Idam Infra
CII was appointed to undertake the post commissioning evaluation study for the energy efficiency project financed by IREDA and ICICI Bank.
The main objective of the project was to evaluate energy savings of the projects, and compare the realized savings with respect to the projections in Detailed Project Report.
CII undertook the detailed measurement for the energy efficiency projects and calculated the actual savings achieved by the units.
The evaluation study for energy efficiency in more than 10 projects, funded by the banks, has been completed.
Partners: IREDA and ICICI Bank.
Thematic Area: Energy Efficiency, Financing, Monitoring & Verification.
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