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is characterized by weak general innovation inputs, an average
entrepreneurial culture, and an average clean technology innovation,
although its performance in clean technology-specific innovation
drivers, based on the country’s public R&D spending and density of
cleantech funds is higher (See Figure 1.7). On the commercialization
of clean technologies front, India’s performance is low because of low
renewable energy consumption and few publicly traded cleantech
companies. As per the report, India has a strong potential to rise through
the ranks, as it possesses a strong climate for growth and development,
high levels of pollution, or resource drivers to commercialize clean
technology innovation.
3.1
Figure 1.7 India’s Performance Profile in Global Cleantech Innovation, 2014
Source: Global Cleantech Innovation Index (2014). Available at http://www.cleantech.com/wp-content/
uploads/2014/08/Global_Cleantech_Innov_Index_2014.pdf
A range of initiatives have been initiated towards low carbon
developmentin India. The Technology Development Board (TDB),
Department of Science and Technology, Government of India, is
responsible for aspects related to technological development in the
country. With the support of the World Bank, TDB has initiated a project
to create a Facility for Low Carbon Technology Deployment (FLCTD)
with resources of approximately of USD 9.1 million. The project aims
at promoting and adopting increasing use of new technologies in
crucial energy-consuming applications in the country, so that the new
appliances and machines installed over the next decades consume less
energy to deliver the required performance. To begin with, the project
Chapter 1 Low Carbon Technology and Innovation Policy 187
entrepreneurial culture, and an average clean technology innovation,
although its performance in clean technology-specific innovation
drivers, based on the country’s public R&D spending and density of
cleantech funds is higher (See Figure 1.7). On the commercialization
of clean technologies front, India’s performance is low because of low
renewable energy consumption and few publicly traded cleantech
companies. As per the report, India has a strong potential to rise through
the ranks, as it possesses a strong climate for growth and development,
high levels of pollution, or resource drivers to commercialize clean
technology innovation.
3.1
Figure 1.7 India’s Performance Profile in Global Cleantech Innovation, 2014
Source: Global Cleantech Innovation Index (2014). Available at http://www.cleantech.com/wp-content/
uploads/2014/08/Global_Cleantech_Innov_Index_2014.pdf
A range of initiatives have been initiated towards low carbon
developmentin India. The Technology Development Board (TDB),
Department of Science and Technology, Government of India, is
responsible for aspects related to technological development in the
country. With the support of the World Bank, TDB has initiated a project
to create a Facility for Low Carbon Technology Deployment (FLCTD)
with resources of approximately of USD 9.1 million. The project aims
at promoting and adopting increasing use of new technologies in
crucial energy-consuming applications in the country, so that the new
appliances and machines installed over the next decades consume less
energy to deliver the required performance. To begin with, the project
Chapter 1 Low Carbon Technology and Innovation Policy 187
