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India, Centre for Innovation Incubation and Entrepreneurship 3.1
(IIM Ahmedabad), Skyquest Technology Consulting Pvt Ltd,
and Technology Development Board (Department of Science and
Technology, Government of India). For financing clean technology
innovation, the Government of India is also obtaining financing from
the Clean Technology Fund (CTF) to support a set of projects and
initiatives that have been identified for their critical impact on social
and economic development with significant co-benefits for climate
change. To support low carbon growth objectives in the country, an
allocation of USD 775 million has been made in 2011 under the CTF
which would finance eight projects combined with additional resources
from Multilateral Development Banks (MDBs), Government of India,
private sector, and other sources. As of October 2014, four projects viz.,
Himachal Pradesh Environmentally Sustainable Development Policy
Loan, Super-Efficient Equipment Program (SEEP), Partial Risk Sharing
Facility for Energy Efficiency (PRSF) and Solar Park: Rajasthan,
amounting to USD 375 million have already been approved from
CTF and the remaining USD 400 million is yet to be sanctioned for
the following projects—Solar Park: Gujarat, Solar Park: Maharashtra,
Integrated Solar Hybrid Project, and National Mission on Enhanced
Energy Efficiency—Perform, Achieve, Trade (PAT)—Phase 1.
1.4 Understanding Science, Technology and
Innovation for Sectors
This section describes the current activities related to R&D and
policy initiatives in India relevant for low carbon development in the
identified sectors.
1.4.1 Renewable Energy
Innovation and R&D
The continuous need to innovate and to pursue R&D vigorously in
direct and translational research has been emphasized upon for
promotion of renewable energy in India. The revised target of the
Government of India of adding 175,000 MW of renewable energy
capacity by 2022 enhances the imperative for R&D in the sector.
Government support for R&D in the sector is directed towards cost
reduction, improvement of efficiency, reliability, long-life, and
manufacture of complete systems. Efforts are directed towards
building the indigenous capacity in renewable energy, by making it
more competitive and self-sustainable. Strategic drivers behind R&D
in renewable energy relates to: diversification of the energy base to
Chapter 1 Low Carbon Technology and Innovation Policy 189
(IIM Ahmedabad), Skyquest Technology Consulting Pvt Ltd,
and Technology Development Board (Department of Science and
Technology, Government of India). For financing clean technology
innovation, the Government of India is also obtaining financing from
the Clean Technology Fund (CTF) to support a set of projects and
initiatives that have been identified for their critical impact on social
and economic development with significant co-benefits for climate
change. To support low carbon growth objectives in the country, an
allocation of USD 775 million has been made in 2011 under the CTF
which would finance eight projects combined with additional resources
from Multilateral Development Banks (MDBs), Government of India,
private sector, and other sources. As of October 2014, four projects viz.,
Himachal Pradesh Environmentally Sustainable Development Policy
Loan, Super-Efficient Equipment Program (SEEP), Partial Risk Sharing
Facility for Energy Efficiency (PRSF) and Solar Park: Rajasthan,
amounting to USD 375 million have already been approved from
CTF and the remaining USD 400 million is yet to be sanctioned for
the following projects—Solar Park: Gujarat, Solar Park: Maharashtra,
Integrated Solar Hybrid Project, and National Mission on Enhanced
Energy Efficiency—Perform, Achieve, Trade (PAT)—Phase 1.
1.4 Understanding Science, Technology and
Innovation for Sectors
This section describes the current activities related to R&D and
policy initiatives in India relevant for low carbon development in the
identified sectors.
1.4.1 Renewable Energy
Innovation and R&D
The continuous need to innovate and to pursue R&D vigorously in
direct and translational research has been emphasized upon for
promotion of renewable energy in India. The revised target of the
Government of India of adding 175,000 MW of renewable energy
capacity by 2022 enhances the imperative for R&D in the sector.
Government support for R&D in the sector is directed towards cost
reduction, improvement of efficiency, reliability, long-life, and
manufacture of complete systems. Efforts are directed towards
building the indigenous capacity in renewable energy, by making it
more competitive and self-sustainable. Strategic drivers behind R&D
in renewable energy relates to: diversification of the energy base to
Chapter 1 Low Carbon Technology and Innovation Policy 189
