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The good news and bad news of India’s race to 175 GW renewables
As of August 2022, India had installed 116 GW of renewable energy, achieving 66% of its 175 GW target for December 2022. While solar power is driving growth, with 9.8 GW installed between January and August 2022, wind energy installations have slowed. Progress is highly uneven across states; Gujarat, Telangana, Rajasthan, and Karnataka have met their 2022 targets, while Maharashtra, Uttar Pradesh, Andhra Pradesh, and Madhya Pradesh account for 61% of the national target shortfall. To reach the 2030 target of 450 GW, India must increase its monthly installation rate to 3.7 GW, which is 2.5 times the average rate seen in the first eight months of 2022.
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Document type: Report
Financing Low Carbon Transition in India’s MSME Sector
The report analyzes the financing of low carbon transitions for India's MSME sector, which is highly GHG intensive due to fossil fuel reliance. It identifies a significant credit gap—estimated at USD 240 billion in 2018—and a lack of awareness and technical capacity as primary barriers. While national schemes like RAMP and ZED certification exist, the report finds fragmented implementation and varying levels of alignment between central and state policies, noting that Gujarat partially aligns with national goals while Maharashtra shows significant divergence. Recommendations include scaling incentive-based models, leveraging supply chain pressure from large companies, and mobilizing international climate finance.
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Document type: Report
Investor Perspectives on Accelerating Growth in the Indian EV Ecosystem
The report examines India's transition to electric mobility, highlighting the success of demand-side incentives like FAME II for two- and three-wheelers. It identifies critical investment gaps in charging infrastructure and battery manufacturing, while discussing the potential of battery swapping and the risks posed by global supply chain dependencies on China and other mineral-rich nations. The analysis emphasizes the need for binding targets, improved consumer financing, and workforce retraining to ensure a competitive and just transition.
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Document type: Report
India’s Race to 175 GW
As of March 2022, India had installed 110 GW of renewable energy (RE) capacity, representing 63% of its 175 GW target for December 2022. Progress is highly uneven across states; while Telangana, Rajasthan, Karnataka, and Andaman and Nicobar have surpassed their targets, 27 states and union territories have achieved less than 50% of their goals. Five states—Maharashtra, Uttar Pradesh, Andhra Pradesh, Madhya Pradesh, and Tamil Nadu—account for two-thirds of the national shortfall. Recent growth has been heavily concentrated in Rajasthan and Gujarat, which together provided 73% of new RE capacity between October 2021 and March 2022. To meet the 2030 target of 450 GW RE, India requires an average annual addition of 42.5 GW.
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Document type: Report
Gender Assessment for E-Mobility Financing Program
The report assesses the gender landscape in India's urban transport and e-mobility sectors to identify barriers for women, such as safety concerns and limited workforce participation. It proposes a Gender Action Plan for a financing platform, focusing on increasing female employment, improving safety infrastructure (like lighting and CCTV), and collecting sex-disaggregated data to mitigate gender-blindness in project design.
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Document type: Report
Pioneering Electric Buses in Pune
The city of Pune is an early adopter of electric buses in India, with PMPML operating 220 e-buses and planning for an additional 430. This progress puts the city on track to achieve the Maharashtra state government's target of 25 percent public transport electrification by 2025, three years ahead of schedule.
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Document type: Case study
Uttar Pradesh: A State Critical for India’s Energy Transition
Uttar Pradesh is lagging behind other high-demand Indian states in renewable energy adoption, with only 30% of its 2022 capacity target achieved by October 2021. The state remains heavily dependent on coal, which accounts for approximately 90% of in-state generation, leaving it vulnerable to supply chain disruptions and high costs. IEEFA modelling suggests that if the state meets its 2030 target of 23.5GW of solar, solar power could meet the majority of future electricity demand growth. However, progress is hindered by the financial instability of state-owned distribution companies (Discoms), characterized by high AT&C losses and expensive long-term thermal power purchase agreements. The report recommends retiring old coal plants, expanding distributed solar, and utilizing open market platforms to improve the financial viability of the electricity sector.
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Document type: Report
Implementing Solar Irrigation Sustainably
The document outlines a framework for the sustainable deployment of solar irrigation in India, focusing on the water-energy-food (WEF) nexus. It provides detailed guidance across five key areas: inter-departmental coordination, financing and affordability, beneficiary targeting, infrastructure support, and monitoring and evaluation (M&E). The guide emphasizes the need to protect groundwater resources, support small and marginal farmers, and transition away from high-subsidy models through innovative financing and ownership structures.
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Document type: Guide
Supporting Marine Fishing Sustainably: A review of central and state government support for marine fisheries in India
The report identifies a 43% increase in government support for Indian marine fisheries between FY 2016 and FY 2019, reaching at least INR 2,225 crore (USD 316 million). It highlights that fuel subsidies are the most significant support measure, growing 142% in the same period. The analysis emphasizes that while income support is vital for the high percentage of fishers living below the poverty line, input-based subsidies for fuel and vessel modernization risk encouraging overcapacity and overfishing. The report recommends a comprehensive evaluation of these high-risk measures and improved data transparency to align support with the National Fisheries Policy 2020 and Sustainable Development Goal 14.
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Document type: Report
Mapping India’s Energy Subsidies 2021
The report finds that fossil fuel subsidies in India increased relative to clean energy in FY 2020, with electricity transmission and distribution (T&D) remaining the largest subsidy category. While electric vehicle (EV) subsidies grew, renewable energy support stagnated. The authors argue that India's energy PSUs remain heavily skewed toward fossil fuel investments and lack clear decarbonization roadmaps. The report recommends a 'second generation' of clean energy support focusing on storage, green hydrogen, and offshore wind, alongside reforms to DISCOM finances and a strategic shift in PSU capital expenditure.
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Document type: Report
Investing in Nature to Build Back Better Partners Synthesis Report
The report argues that India's post-pandemic recovery should prioritize 'building back better' by investing in natural capital and nature-based solutions (NbS). It examines the role of public and private finance, the need for a green finance taxonomy, and the importance of integrating biodiversity values into agriculture, infrastructure, and sub-national climate action plans. Key focus areas include land restoration targets, the conservation of wetlands within the Central Asian Flyway, and the mitigation of illegal wildlife trade.
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Document type: Report
Land Accelerator South Asia 2021 Business Leaders Restoring Farms and Forests
The Land Accelerator South Asia program, launched by the World Resources Institute (WRI) in 2020, supports entrepreneurs developing business models to restore degraded lands. The 2021 cohort grew to 58 entrepreneurs, with women's participation increasing from 13% in 2020 to 31% in 2021. The program provides mentorship, grants, and connections to impact investors to scale solutions in sustainable agriculture, agroforestry, and agritech. This booklet highlights eleven specific startups, detailing their technological solutions—such as AI-based weeding robots, drone-based precision agriculture, and bio-economic waste conversion—and their reported socio-economic and environmental impacts, including increased farmer incomes and carbon sequestration.
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Document type: Case study
Covid-19: the India Story
The author contends that the Indian government's response to Covid-19 was characterized by a lack of preparedness, the scapegoating of the Muslim community, and a sudden lockdown that stranded millions of migrant workers. The text asserts that the state leveraged the crisis to arrest activists, create a non-transparent relief fund (PM-CARES), and weaken environmental regulations through the Environment Impact Assessment Draft 2020 to favor private capital.
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Document type: Research paper
Talking Trash: The corporate playbook of false solutions to the plastic crisis
The report argues that the plastic industry in India employs lobbying and distraction tactics to protect profits and maintain the production of single-use plastics. It highlights how key legislation, such as the Plastic Waste Management Rules, has been watered down through industry influence, specifically regarding the phase-out of multi-layered plastics. The document also criticizes voluntary corporate pledges from companies like Nestlé, Unilever, and PepsiCo, characterizing them as lacking transparency and relying on 'downcycling' rather than true circularity.
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Document type: Report
How Can India’s Energy Sector Recover Sustainably from COVID-19?
The document examines the financial crisis facing India's electricity distribution companies (DISCOMs), which were already struggling with high costs and poor billing before the COVID-19 pandemic. The pandemic caused a catastrophic drop in power demand, further reducing revenues while fixed costs for coal and older renewable energy remained. While the central government provided a stimulus package of INR 90,000 crore and expanded borrowing limits, the document argues these measures do not address root causes. It recommends improving metering and billing, better targeting of subsidies, adjusting fixed-cost billing components, and renegotiating power purchase agreements to better allocate risk across the supply chain.
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Document type: Research paper
Groundbreaking climate-smart agricultural model empowers rural women in Maharashtra
The case study describes a climate-smart agricultural model launched in 2014 by Swayam Shikshan Prayog (SSP) to support women farmers in the drought-prone Marathwada region of Maharashtra. By promoting sustainable farming, diversifying livelihoods, and improving water management, the model has reduced farming costs and improved soil fertility and food security. The initiative has scaled to reach over 60,000 women farmers across 810 villages in six districts.
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Document type: Case study
Groundbreaking climate-smart agricultural model empowers rural women in Maharashtra
The document details a climate-smart agricultural model in Maharashtra, India, that empowers rural women by combining sustainable farming techniques, financial support, and capacity building. Since 2015, 41,000 women have adopted the model, managing 30,000 acres of dry land through organic farming and water conservation. The approach has increased crop yields by 25%, raised incomes by 25%, and saved households approximately US$497 annually. Key components include the use of local seeds, biopesticides, drip irrigation, and the creation of a community-resilient fund. The model has since scaled to over 60,000 women across 810 villages in Maharashtra and has been replicated in Bihar and Odisha.
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Document type: Case study
India’s Energy Transition: Stranded coal power assets, workers and energy subsidies
The document examines the crisis of 'stressed' coal power assets in India, where approximately 21% of operational capacity was identified as non-performing in 2018. It identifies current drivers of stranding, such as the financial distress of distribution companies (DISCOMs) and coal shortages, alongside future risks including water scarcity, air pollution regulations, and the increasing cost-competitiveness of renewable energy. The authors argue that government subsidies and preferential financing have artificially dampened market signals, prolonging the life of unviable assets. Finally, the brief advocates for a 'just transition' framework to prevent the burden of asset stranding from falling on the millions of workers in the coal value chain, particularly in states like Jharkhand, Odisha, and Chhattisgarh.
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Document type: Briefing
Urban Mobility Lab Pune
The Urban Mobility Lab in Pune, hosted by the Pune Municipal Corporation and Rocky Mountain Institute in October 2018, served as a collaborative platform for government, industry, and civil society to design integrated mobility solutions. This initiative follows the 'Lighthouse City' concept proposed by NITI Aayog and RMI to create test-beds for transformative mobility in India, aiming to shift the country toward a shared, clean, and people-centric mobility future.
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Document type: Report
Drivers and Challenges for Rooftop Solar Loans to Small and Medium Enterprises in India
The report evaluates the CAPEX loan model as a way to scale rooftop solar for Indian MSMEs, who struggle with the high upfront costs of the CAPEX cash model and the bankability issues of the RESCO model. Analysis shows the CAPEX loan model can be up to 14% cheaper than the RESCO model, primarily due to accelerated depreciation benefits. However, adoption is hindered by lender disinterest—driven by perceived credit risks and high transaction costs for small projects—and a lack of awareness among MSMEs. The authors recommend implementing partial risk guarantee funds, mandatory O&M contracts, EPC performance guarantees, and standardized solar loan products to mitigate these risks and reduce costs.
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Document type: Report