The India Innovation Lab for Green Finance hosted the India Lab Members and key stakeholders at a networking reception on December 16 at the Lodhi Hotel, New Delhi. The reception provided an update on the India Lab, and enabled Lab Members and other stakeholders to meet and network.
Mr. Tarun Kapoor, Joint Secretary, MNRE attended as a special guest at the event and joined in many in-depth conversations on different aspects of India’s renewable energy strategy.
Mr. Krishan Dhawan, CEO of Shakti Sustainable Energy Foundation welcomed guests with his opening remarks, and provided an overview of Shakti’s vision related to green finance in India, and the need to establish the India Innovation Lab to develop innovative financial instruments. He also discussed how crowdsourcing innovative financing ideas would be key to the growth of green infrastructure in India.
Ms. Sandy Sheard, Counsellor, Energy, Climate, and Growth Unit, of the British High Commission New Delhi provided an overview of the UK – India collaboration on clean energy. She also discussed how the India Lab will allow public and private sectors to work together, fostering research and innovation into the clean energy sector, and supporting growth by catalysing investments. In addition, she spoke about the UK’s support of the Global Innovation Lab for Climate Finance, and the GBP 50 million commitment from the UK Government to Climate Investor One, a Global Lab pilot currently in progress in South Africa.
Dr. Gireesh Shrimali, Director of Climate Policy Initiative, India, the India Lab Secretariat, provided a detailed presentation on the India Lab genesis, progress to date, and explained how to submit an idea to the India Lab.
The event was attended by about 50 guests, including representatives of the 22 India Lab members, and other stakeholders from government, finance, and project development.