Roadmap to Responsible & Rapid Renewable Energy Deployment at Scale in India!
- The Nature Conservancy – India’s latest report unveils pathways for Renewable Energy Projects to avoid cost over-runs, prevent delays, and reduce socio-ecological risks
- A new decision support tool for nature and community-friendly location of new renewable energy projects could come in handy for policy makers and developers to meet India’s ambitious targets
- India takes the lead in the run-up to New York Climate Week 2020 dialogue
New York, September 21, 2020—Appropriately locating Renewable Energy projects is essential for India to meet its ambitious renewable energy goals without compromising on its environment commitments or delaying the RE projects. By identifying renewable energy development zones pro-actively, state governments could help meet India’s ambitious renewable energy at scale targets by avoiding conflicts and related delays and cost over-runs.
This, amid other suggestions, are made by a new paper titled Scaling up renewable energy deployment in India: Pathways to reduced socio-ecological risks, released by The Nature Conservancy – India during the New York Climate Week 2020.
The paper recommends that siting guidelines support developers in taking into account social and environmental considerations. The paper also outlines frameworks that should inform financing decisions regarding renewable energy projects through safeguards and due diligence processes.
A decision-support tool called SiteRight that helps decision-makers, investors and financiers to appropriately locate renewable energy projects without compromising on India’s ambitious goals, is also being launched at a webinar organized as part of the week. The tool — developed by The Nature Conservancy – India and partners, namely, Centre for Science, Technology and Policy (CSTEP), Foundation for Ecological Security (FES) and Vasudha Foundation (VF) — enables policymakers, project developers, and financiers to make better choices in selecting land for siting solar and wind projects.
The webinar includes an impressive line-up of speakers: Steve Denning, Former Co-Chair of the Global Board of Directors, TNC and Satya Tripathi, UN Assistant Secretary-General, and Head of New York Office at UN Environment, Dr. Janmejaya Sinha, Chairman Asia-Pacific, Boston Consulting Group, Julia Bucknall, Global Director, Environmental and Social Framework, World Bank, Ms. Gauri Singh, Deputy Director General, International Renewable Energy Agency, Mr. Arijit Basu, MD, Commercial Clients Group, State Bank of India, Mr. Praveer Sinha, MD, Tata Power and Ms. Soma Banerjee, Executive Director – Economy and Energy & Infrastructure, CII.
Rapid expansion of renewable energy is critical to meeting India’s energy needs and addressing climate change. However, new solar and onshore wind energy projects cannot be poorly sited, for there could be unintended impacts on ecosystems and local communities. Such consequences can come in the way of further growth of renewable energy in the country.
“Our scientific analysis shows that India has the potential to develop ten times its 2022 target of 175 GW if we take steps today to guide the expansion of renewable energy to lower impact areas. Developing guidelines for project siting, identifying renewable energy zones, improving planning and procurement processes, and strengthening environmental and social performance standards of renewable energy financing, are some such steps,“ says Seema Paul, Managing Director, The Nature Conservancy – India.
The report shows that such measures can help in more informed land use decisions, thereby accelerating deployment of renewable energy in India while ensuring minimal impacts to rural communities and the country’s natural heritage.
“Wide adoption of SiteRight tool would also support India to improve its carbon sequestration goals by avoiding areas with high reforestation potential; protect connectivity between important forests and natural lands, enabling wildlife movement; avoid conversion of forest and agriculture land important for people and nature; avoid impacts to socio-cultural values and livelihoods,” says Dhaval Negandhi, Ecological Economist and SiteRight Project Lead at The Nature Conservancy – India.
SiteRight is a free and publicly accessible geospatial decision-support tool developed for two states – Madhya Pradesh and Maharashtra. The use of the tool will support siting of new renewable energy projects in places with viable resource potential but away from land areas rich in biodiversity and on which local communities depend. Broad-based adoption of the tool would help India meet its renewable energy ambition faster by de-risking investments, reducing permission delays, avoiding conflicts with local communities and/or environmental stakeholders, while conserving important ecosystems and their services for people.
About The Nature Conservancy – India
As a science based non-profit, The Nature Conservancy is committed to conserving lands and water on which all life depends. Since 2015, the Nature Conservancy in India has been advancing projects to support India’s efforts to develop win-win solutions for people and nature. TNC – India works closely with the Indian government, research institutions, NGOs, private sector organisations and local communities to develop science-based, on-the-ground, scalable solutions for securing food, water, and clean air. Our strategy balances conservation goals, biodiversity improvements, and carbon sequestration while improving livelihoods for local communities. We are committed to working with partners to advance pragmatic and scalable solutions. Our priorities in India include Providing Food and Water Sustainably, Building Healthy Cities, Protecting Land and Water, and Tackling Climate Change.
