The
EU and India have adopted a Joint Declaration on Clean Energy and Climate Partnership.
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The European Investment
Bank has already provided loans for more than Euro 1.2 billion to support implementation of energy and climate related
projects in India.
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India and Norway have decided to target innovation projects in companies in the field of renewable energy. A joint call
between the Research Council of Norway and Department of Science and Technology of India was launched in February
2017. The call wasfor USD 1 million, targeting innovation projects in companies collaborating with research institutions
in the field of renewable energy.
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Foreign strategic investors have largely stayed away from the flurry of deal making in India’s renewable energy sector,
preferring instead to build from the ground up.Out of the $2.32 billion worth of mergers and acquisitions in India’s
renewable energy sector in the last 15 months, foreign companies have bought assets worth just $290.6 million, while
Indian companies have acquired $2.03 billion worth of assets.
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Conclusion
Despite the fact that India has done well on many sustainable development goals and climate goals, much is yet desired
to achieve sustainable development in the real sense. First and foremost is the need for a clear road map to implement
the SDGs with identified roles for the state governments, and a monitoring mechanism to measure progress. It also
needs to draw up a quick plan to overcome the want for quality data. Public education and awareness are second to
none in terms invoking agency of people in achievement of the SDGs. The SDGs are more complex than to be achieved
by the policies and government programmes alone. The countries need to harness energy, understanding and partici-
pation all stakeholders including the NGOs to make sustainable development a reality.
Authors:
Ajay Jha and Anshul S Bhamra
Contributing organizations:
Bharat Jan Vigyan Jathha (BJVJ), Beyond Copenhagen India, Centre for
Community Economics and Development Consultants Society (CECOEDECON),
Development Alternatives, Development Support Team (DST) Pune, HUMANITY
Jharkhand, Kisan Sewak Sangh (KSS), Krishak Biradari, Lok Vikas Sansthan Public
Advocacy Initiatives for Rights and Values in India (PAIRVI),
SEWA Chhattisgarh,
South Asian Dialogues for Ecological Democracy (SADED), VASPS Madhya
Pradesh and Uttarakhand Development Institute (UDI)
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India Norway discuss innovation projects in renewable energy, India Today, February 14, 2017
india-norway-discuss-innovation-projects-in-renewable-energy/1/882869.html
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Foreign investors giving M&A deals in India’s renewable energy, Livemint, April 21, 2017,
Q5Florefv9lbFwnMQhsXpO/Foreign-investors-giving-MA-deals-in-Indias-renewable-ener.html
