A parliamentary panel has asked the government to explore new and innovative tools to deal with the issue of financial constrains in the renewable energy sector, including setting up of green banks and introduction of renewable finance obligation for financial institutions, among others. “Since Green Banks have emerged as an innovative tool for accelerating clean energy financing globally, the Government should explore setting up of a green bank system which can address the persisting finance related challenges being faced by the renewable energy sector in the country,” the Parliamentary Standing Committee on Energy said in its 21st report tabled in Parliament on Thursday.
Keeping in view that the overall debt requirement is large and reducing the cost of financing to the renewable energy developers is important, it also suggested that the Ministry of New and Renewable Energy (MNRE)…
Parliamentary panel for innovative tools like green banks, renewable finance obligation to boost clean energy
