+
HSBC, ACPET discuss financing India's energy transition
POWER & RENEWABLE ENERGY

HSBC, ACPET discuss financing India's energy transition

Ashoka Centre for People-centric Energy Transition (ACPET) and HSBC bank jointly organised a conference to deliberate upon India's renewable energy policy, focusing on a "just transition," at the India Habitat Centre, New Delhi. The conference brought together leading organisations and experts in the field.

The conference also focused on ideating ways to contribute to"Energy Transition Financing", an HSBC funded project run by ACPET. The project is understanding financing issues, service challenges, and solutions of the clean energy transition at the rural household level in India, particularly GRID-based DISCOMS (at least 10 MW), to co-design solutions. It is focusing on studying 12 laggards and aspiring districts in Uttar Pradesh, Bihar and Jharkhand.

Some of the major issues discussed included  making energy transition sensitive to equity considerations; solving distribution problem across users from different socio-economic and geographic positions through domestic financing; and raising funds through green bonds, impact investing and crowd funding.

ACPET was launched in March 2023 by Ashoka University with a vision to become a knowledge institution in support of economic growth, energy security and net-zero targets of India and the Global South.

Delivering the keynote address, Dr Anil Kumar Jain, former IAS officer and the Chairperson of Petroleum and Natural Gas Regulatory Board, said, "When there is such a large overarching transition underway, the tendency is to go for the hyperbole. There can be all kinds of estimates that can be put forward in terms of financing and the ways to go about it but we have to look at the ground and stay firmly planted there. One has to engage with the context and whether on the demand or the supply side, come up with solutions that speak to that reality. I think the centre and its researchers are doing some insightful work in this regard and we hope to build that further".

Dr Jain has led multiple initiatives in the space of energy transition under various ministries and policy teams in the Government of India, such as stints as the Secretary in the Ministry of Coal and Ministry of Mines where he led reforms in sustainable mining and market development.

Speaking on the importance of such deliberations, Ashok Kumar, Director, Transform Rural India Foundation (TRIF), states, "It was great for all these diverse voices from the sector to come together under one roof, whether it be demand, supply, policy or finance- it was great to interact and learn from each one of them. For example, some participants view energy as a commodity while others look at it as a development outcome so the interaction between these different lenses was interesting and wherever we are, we ultimately cannot ignore the perspective of the end-user."

Explaining the vision, Vaibhav Chaudhary, Director-in-Charge of ACPET, stated, "ACPET has the vision to be a world-class knowledge institution in support of sustainable economic growth, energy security, and net zero ambitions of India and the Global South. We aspire to bring people-centric focus into our work and financing energy transition could be a key driver."

Ashoka Centre for People-centric Energy Transition (ACPET) and HSBC bank jointly organised a conference to deliberate upon India's renewable energy policy, focusing on a just transition, at the India Habitat Centre, New Delhi. The conference brought together leading organisations and experts in the field. The conference also focused on ideating ways to contribute toEnergy Transition Financing, an HSBC funded project run by ACPET. The project is understanding financing issues, service challenges, and solutions of the clean energy transition at the rural household level in India, particularly GRID-based DISCOMS (at least 10 MW), to co-design solutions. It is focusing on studying 12 laggards and aspiring districts in Uttar Pradesh, Bihar and Jharkhand. Some of the major issues discussed included  making energy transition sensitive to equity considerations; solving distribution problem across users from different socio-economic and geographic positions through domestic financing; and raising funds through green bonds, impact investing and crowd funding. ACPET was launched in March 2023 by Ashoka University with a vision to become a knowledge institution in support of economic growth, energy security and net-zero targets of India and the Global South. Delivering the keynote address, Dr Anil Kumar Jain, former IAS officer and the Chairperson of Petroleum and Natural Gas Regulatory Board, said, When there is such a large overarching transition underway, the tendency is to go for the hyperbole. There can be all kinds of estimates that can be put forward in terms of financing and the ways to go about it but we have to look at the ground and stay firmly planted there. One has to engage with the context and whether on the demand or the supply side, come up with solutions that speak to that reality. I think the centre and its researchers are doing some insightful work in this regard and we hope to build that further. Dr Jain has led multiple initiatives in the space of energy transition under various ministries and policy teams in the Government of India, such as stints as the Secretary in the Ministry of Coal and Ministry of Mines where he led reforms in sustainable mining and market development. Speaking on the importance of such deliberations, Ashok Kumar, Director, Transform Rural India Foundation (TRIF), states, It was great for all these diverse voices from the sector to come together under one roof, whether it be demand, supply, policy or finance- it was great to interact and learn from each one of them. For example, some participants view energy as a commodity while others look at it as a development outcome so the interaction between these different lenses was interesting and wherever we are, we ultimately cannot ignore the perspective of the end-user. Explaining the vision, Vaibhav Chaudhary, Director-in-Charge of ACPET, stated, ACPET has the vision to be a world-class knowledge institution in support of sustainable economic growth, energy security, and net zero ambitions of India and the Global South. We aspire to bring people-centric focus into our work and financing energy transition could be a key driver.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code