TERI 
Recent global and macroeconomic stress incidents have solidified the need for crises preparedness and resilience building. There’s an urgency in cutting dependency on carbon-intensive energy and accelerating the transition to alternative sources such as renewables.
In this thematic track, in his opening remarks, Mr Manish Chourasia said, a lot of work on various fronts including policy and technology needs to be done; financing is the key. Talking about India’s ‘net-zero’ commitment, Mr Manikkan Sangameswaran said, “There is a real revolution and movement happening in India right now, and the developers are completely committed to this delivery.”
Mr Shalabh Tandon emphasized on standardization and the need to have a template in place so that once a project is approved, money flows in automatically for certain risk parameters.
Climate change poses systemic risks to the financial systems of a country by way of climate calamities, environmental degradation, or carbon-driven pollution. Green finance is a mechanism that has the potential to mitigate risks if promoted and appropriated rightly.
Although a move towards building a sustainable financing mechanism would require a strategic and systematic infusion of policy tools, it would also open up the opportunity of redeveloping the entire climate change financial landscape from a ‘green vision’. In this thematic track, the esteemed panellists deliberated on the role of private players, institutional investors and their vision, key reforms required and mechanisms that can be built into the existing policy discourse.
Thematic Track: Financing India’s Net Zero Ambitions
WSDS 2023 | Group A | Jacaranda 1
Opening remarks: Mr Manish Chourasia, Managing Director and CEO, TATA Cleantech Capital
Panel discussion:
Moderator: Mr Manish Chourasia, Managing Director and CEO, TATA Cleantech Capital
Panellists:
Mr Shalabh Tandon, Regional Head of Operations and South Asia Head of Climate Business, International Finance Corporation
Mr Manikkan Sangameswaran, Executive Director and CEO, Radiance Renewables
Mr Virender Pankaj, CEO, Aseem Infrastructure Finance Limited
Mr Peter Mwandri, Associate Data Analyst and Data modelling, Green Climate Fund (GCF)
To know more about WSDS 2023, visit: http://wsds.teriin.org/
#WSDS2023 #Act4Earth #SustainableDevelopment
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