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India's energy-efficiency-financing-platform-presentation-vineeta-kanwal

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OECD-CEFIM-BEE Energy Efficiency Platform and Protocols webinar, 15 July 2021

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India's energy-efficiency-financing-platform-presentation-vineeta-kanwal

  1. 1. INDIA’S ENERGY EFFICIENCY FINANCING PLATFORM 15th July 2021 Vineeta Kanwal Director, Bureau of Energy Efficiency
  2. 2. CLIMATE CHANGE GOALS 2 Reduce the emissions intensity of its GDP by 33 to 35 percent by 2030 from 2005 level Achieve 40% cumulative electric power installed capacity from non-fossil fuel based energy resources by 2030 Create an additional carbon sink of 2.5 to 3 billion tonnes of CO2 equivalent through forest and tree cover by 2030 G o a l s Climate Action tracker rated India’s existing target under the Paris Agreement “2o c – compatible” USD 2.5 trillion (at 2014-15 prices) would be required for meeting India's climate change actions between 2015 and 2030
  3. 3. COVID-19 - CHALLENGES IN FINANCIAL SECTOR  The restrictions and lockdowns imposed in the wake of COVID-19 pandemic were equivalent to a massive macroeconomic shock that led to an economic downturn unmatched in recent history.  Reviving growth and mitigating effects of COVID-19 have assumed centre stage in the Reserve Bank’s policy agenda and it acted swiftly with aggressive policy rate cuts, massive system-level and targeted liquidity infusion, moratorium and time- bound resolution for specified sectors. 3 12,17,594 32,93,638 26,02,287 23,04,313 Mar-19 Agriculture & allied activities Industry (MSME & large) Services Retail loans 12,91,752 31,30,493 26,89,484 27,27,946 Sep-20 Agriculture & allied activities Industry (MSME & large) Services Retail loans Sectoral deployment of bank credit – outstanding amount in Rs. Crore Source: RBI report 2020
  4. 4. HUGE INVESTMENT POTENTIAL IN ENERGY EFFICIENCY 4 Sectors Moderate Energy Savings by 2031 (Mtoe) Energy Savings Investment by 2031(Rs. crore) – Moderate Savings Scenario Energy Savings Investment by 2031( Rs Crore) - Ambitious Savings Scenario Agriculture 5.7 51,450 89,004 Commercial 4.9 81,154 105,701 Domestic 12.1 120,233 145,420 Municipal 0.9 8,337 13,389 Industrial 47.5 515,116 601,210 Transport 15.8 226,039 365,706 Total 86.9 1,002,329 1,320,630 Source: Unlocking National Energy Efficiency Potential (UNNATEE) 2019 Report
  5. 5. BACKGROUND OF BEE’S FINANCING INITIATIVES 5 National Action Plan for Climate Change (NAPCC) National Mission for Enhanced Energy Efficiency (NMEEE) Perform, Achieve & Trade (PAT) MarketTransformation for Energy Efficiency (MTEE) Framework for Energy Efficient Economic Development (FEEED) Energy Efficiency Financing Platform (EEFP)
  6. 6. ENERGY EFFICIENCY FINANCING PLATFORM (EEFP) 6 To create mechanisms for financing EE projects/ measures and capacity building of financial institutions and industries. Output 1 -Workshop Output 2 - Publication Publication 1 Publication 2 Publication 3 Publication 4 Objective
  7. 7. TRAINING PROGRAMME FOR FIS ON EE FINANCING 7  Capacity building of Financial institutions: BEE completed a training programme for FIs on EE financing from June 2015 to March 2019. ToT workshops (2015- 2017) • Mumbai (Western) • Nainital (Northern) • Vijayawada (Southern) • Kolkata (Eastern) Individual training workshops (2016-17) • Canara Bank – 37 trainees • South Indian Bank – 24 trainees Individual training workshops (2017-2019) • 22 individual training workshops • Overall achievement (2015-19): trainees : 682 FIs covered: 72 USAID- PACE-D IBA SDAs IREDA PFIs IFC New PFIs BEE
  8. 8. EEFP……CONTD. 8 BEE has taken initiative to organize 4 conferences with the name of investment bazaars in each region. New initiative: Investment bazaar – launched in March 2021 in Andhra Pradesh (Vizag) by APSECM
  9. 9. NEW FINANCING PROGRAMMES 1. Grading of Energy Efficiency projects/loans – BEE shall reimburse grading cost of 100 such EE projects/loans 2. To set up Facilitation centre for EE Financing in BEE 3. To restart capacity building of Financial institutions on EE financing 4. To set up EE financing cells in nationalized banks 5. To facilitate lending by Micro Finance Institutions at a reduced rate of interest for EE appliances 9 Ministry of Power has designated Power Finance Corporation (PFC) as a Nodal Agency for energy efficiency financing in India
  10. 10. KFW CREDIT LINE FOR SBI'S ENERGY EFFICIENT HOUSING PROGRAMME  KfW loan agreement was singed between SBI and KfW in December 2019 for Euro 250 million  This fund shall be used to extend sub loans for new residential housing projects which achieve 25% of Energy Efficiency as compared to existing building constructions.  The facility is supported by accompanying measures of Euro 1.5 million for development of the energy efficient housing market and an Environmental and Social Management System (ESMS) within SBI.  Additionally, Investment grant of Euro 10 million shall facilitate achievement of a higher level of energy savings and stimulate a stronger utilization of energy efficient building technologies in the residential housing sector. 10
  11. 11. 11 Thank you! Please send feedback to following officials in BEE:  Ms.Vineeta Kanwal, Director-BEE: vkanwal@beenet.in  Ms. Richa Mishra, Project Economist-BEE: richa.mish@beenet.in  Ms. Malvi Mehrotra, Project Economist – BEE: m.mehrotra@beenet.in  Mr. N Ganeshan,Consultant (Banking) – BEE: n.ganeshan8@beeindia.gov.in
  • jumayjuma

    Aug. 25, 2021

OECD-CEFIM-BEE Energy Efficiency Platform and Protocols webinar, 15 July 2021

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