WRI India CEO: Domestic Funds Drive 83% of Green Transition, but Global Finance Key to Scale Goals – EQ
In Short : WRI India CEO stated that about 83% of India’s green energy transition is funded domestically, reflecting strong national effort. However, international finance remains crucial to meet ambitious climate goals. Unlocking global capital will accelerate clean technology adoption, reduce financial risks, and support India in achieving a faster, just, and sustainable renewable energy transition.
In Detail : Nearly 83% of India’s ongoing green energy transition is being funded through domestic sources, according to WRI India’s CEO. This reflects the nation’s strong commitment to self-reliance in building renewable capacity and financing climate action. However, the reliance on domestic funds alone may not be sufficient to achieve long-term targets at the required pace.
The CEO emphasized that while India has made remarkable progress in mobilizing local capital, international financing remains crucial. Global climate goals demand rapid deployment of renewable energy and clean technologies, and this requires access to large-scale, affordable, and timely funding from international sources.
Unlocking global finance can help India expand renewable energy projects, invest in emerging technologies like green hydrogen, and strengthen grid infrastructure. International support can also lower risks associated with large-scale investments, making clean energy more attractive for private and institutional players.
India’s climate commitments, including its target of 500 GW of non-fossil fuel capacity by 2030, present significant financing requirements. Domestic capital, though substantial, needs to be complemented with international flows to ensure the scale and speed necessary to achieve both national and global sustainability targets.
The CEO noted that developed countries have a responsibility to deliver on their climate finance promises. Ensuring adequate funding for countries like India is critical not only for national development but also for global progress in addressing climate change and achieving Paris Agreement goals.
By enhancing access to international finance, India can accelerate clean energy deployment, reduce dependence on fossil fuels, and create new green jobs. This will also foster innovation in renewable technologies, battery storage, and sustainable infrastructure, making the transition more inclusive and resilient.
The current imbalance between domestic and international contributions highlights the need for stronger global partnerships. International lenders, multilateral institutions, and green funds must work with India to design financing models that reduce risks and improve affordability for large-scale clean energy investments.
A just transition requires financial support that addresses social and economic dimensions, ensuring that communities dependent on traditional energy sectors are not left behind. Unlocking global capital can help India manage these challenges while ensuring fairness and inclusivity in its clean energy journey.
In conclusion, India’s ability to finance 83% of its green energy transition domestically is commendable, but international finance is vital to sustain momentum. A stronger flow of global capital will enable India to accelerate its renewable energy ambitions, strengthen climate resilience, and lead the way in building a sustainable future.
