Green Financing Practices in India’s Renewable Energy Sector: A Study
インドの再生可能エネルギー分野におけるグリーンファイナンスの実践：研究 (AI 翻訳)
Sohail PERWEZ, Syed Khaja SAFIUDDIN
🤖 gxceed AI 要約
日本語
本研究は、インドの再生可能エネルギー目標達成に必要な資金調達の現状を分析。太陽光・風力・水力への投資拡大には、 sovereign green bondsやblended financeなどの多様な金融手段が重要であると指摘。RPOの執行不足や債務市場の未発達などの構造的障壁を特定し、ESG連動債や信用保証枠組みの必要性を提言。
English
This study analyzes the current state of green finance for India's renewable energy targets, highlighting the need for diverse instruments like sovereign green bonds and blended finance. It identifies structural barriers such as weak RPO enforcement and underdeveloped debt markets, and recommends ESG-linked bonds and credit guarantee frameworks to accelerate India's energy transition.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
インドの事例は、日本が新興国向けグリーンファイナンス戦略を検討する際の参考となる。特にblended financeやVGFの活用は、日本の国際協力やGX投資の文脈で示唆に富む。
In the global GX context
This paper provides a detailed case study of green finance challenges in an emerging economy, offering insights for global investors and policymakers on scaling renewable energy financing. The analysis of structural barriers and innovative instruments is relevant to the broader GX finance discourse.
👥 読者別の含意
🔬研究者:Provides a comprehensive overview of India's green finance landscape and identifies key research gaps in renewable energy financing.
🏢実務担当者:Offers insights into effective green finance instruments and barriers that can inform corporate investment strategies in emerging markets.
🏛政策担当者:Highlights policy gaps and recommends mechanisms like credit guarantees and ESG bonds to mobilize private capital for renewable energy.
📄 Abstract（原文）
India's goals of attaining 500 GW of renewable energy capacity by 2030, as part of its Panchamrit climate commitments, require a significant financial transformation. Addressing the projected annual funding deficit of INR 11 lakh crores (USD 170 billion) is essential for the expansion of renewable initiatives, including solar, wind, and hydro energy projects. This study examines the present state of green finance in India, highlighting the significance of instruments such as sovereign green bonds, blended finance, green banks, and crowdfunding in facilitating the growth of renewable energy.The research employs exploratory analysis of governmental data, policy documents, and multilateral sources to identify critical structural impediments, including inadequate enforcement of Renewable Purchase Obligations (RPOs),underdeveloped debt markets, minimal foreign direct investment (2.05%), and disjointed regulatory frameworks. Research indicates that while entities like IREDA and programs such as viability gap funding (VGF) have stimulated solar expansion, overarching market inefficiencies remain.Merely 34% of public sector banks actively endorse renewable energy, whereas the involvement of foreign banks is minimal.The paper additionally delineates investor engagement and quantifies sector-specific fund distributions, highlighting that solar energy commands the largest proportion (34.58%), followed by hydro and wind energy.The study highlights the critical necessity for a varied financing ecosystem, incorporating ESG-linked bonds, credit guarantee frameworks, and improved public-private collaborations.The paper promotes enhanced adherence to RPOs, the development of innovative financing models, and the implementation of strategic de-risking mechanisms to bolster investor confidence.These initiatives are crucial for expediting India’s energy transition, fulfilling Sustainable Development Goal 7, and significantly aiding global climate objectives.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.38142/ijesss.v6i4.1435first seen 2026-05-05 19:07:34
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