Green Growth is now a necessity and no longer in the realm of “good to have”. Amidst growing concerns related to the ever-increasing global temperatures,
mankind has pumped 66% of the maximum allowable carbon gases into the atmosphere to limit the temperature rise to 2 degree celsius – the target set by the United Nations Framework Convention for Climate Change (UNFCCC). Already the world’s 3rd largest emitter of greenhouse gases, India has a responsibility to do something which is unique and which no nation has done before i.e. bring power to its entire population of 1.25 billion and grow at a rate of of 6 to 7% per annum, without dramatically increasing carbon emissions, to provide better future to its citizens. Geared by favorable government policies and technology changes, the renewable sector (mainly wind and solar) have grown significantly from 17 GW in 2011 to over 40 GW as on date indicating that efforts of the country towards clean growth are on right track as of now. However, there are a number of challenges which need to be addressed on both the financial and regulatory front to ensure that this growth is sustainable.

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