Financing the Future: India's Path to Sustainable Energy

The New Development Bank (NDB) organized a seminar in Mumbai discussing strategies for financing India's sustainable energy transition. The event focused on innovative financing, clean technologies, and the role of multilateral banks. Emphasizing India's climate goals, it highlighted necessary investments and partnerships for a low-carbon energy future.

The New Development Bank (NDB), in an effort to bolster sustainable energy in India, hosted a high-level seminar in Mumbai. The event brought together policymakers, financiers, and industry leaders to discuss financing strategies essential for accelerating India's transition to low-carbon energy systems.

India is at a crossroads, confronted with the challenge of increasing energy demand while striving to lower carbon emissions. The seminar emphasized the critical investments needed in solar, wind, green hydrogen, and battery storage to meet climate goals and support economic growth.

NDB Vice President Dr. Rajiv Ranjan and NTPC Limited's Gurdeep Singh highlighted the importance of competitive financing and diversification in energy sources. Government representatives underscored India's commitment to a clean energy future, emphasizing the role of multilateral banks in facilitating this transition.

(With inputs from agencies.)