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The National Clean Energy Fund of India: A Framework for Promoting Effective Utilization
Paperback
Series: Springerbriefs in Energy
Business GeneralEconomicsGeneral Law
ISBN13: 9788132219637
Publisher: Springer Nature
Published: Aug 1 2014
Pages: 115
Weight: 0.45
Height: 0.30 Width: 6.14 Depth: 9.21
Language: English
The National Clean Energy Fund (NCEF), announced in the Government of India's Budget 2010-11, is seen as a major step in India's quest for energy security and reducing the carbon intensity of energy. Funding research and innovative projects in clean energy technologies, and harnessing renewable energy sources to reduce dependence on fossil fuels constitute the objectives of the NCEF. The NCEF's utilization of funds is considered to be rather low and disbursements poorly aligned with the fund's stated objectives, thus posing a potential risk of diluting the focus of NCEF with adverse implications for the much-needed research and innovation in the clean energy sector in India.
This work provides significant information for the government so that appropriate mid-course corrections may be made in a timely manner. This will also be useful in honing the strategic thinking on a suitable energy-technology policy and an assessment of technology needs and other barriers to the clean energy sector in India.
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