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Tackling climate change and ensuring Sustainable Development has to be made an inclusive,
multi-stakeholder process and the active participation of the corporate sector, banks, financial
institutions is essential. The issue of sustainable development cannot be addressed by
The biggest impact banks and financial institutions have on the environment and
climate, and on the world, is through the lending decisions they make. The banks may
play an active role in low-carbon energy transition in developing countries to increase
the scale, and thereby the impact, of the transition.
A large part of mainstreaming of sustainable energy could be driven through Financial
Institutions in a sustainable manner as they have one of the largest outreach as also
Going Green represents a major opportunity.
1. Green Lending will become strategic to financial institutions
Clean energy systems, i.e., renewable energy and energy efficiency systems, will play a
key role in decarbonizing the energy sector, reducing greenhouse gas emissions and
address the climate change issue. However we need to address various factors which
include increased investment costs, appropriate technology transfer, technology
management and augmenting the capacity of developing countries to integrate
innovative technologies.
Manoj Rawat, mkrawat@gmail.com
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Indias plan to become of the largest solar power markets in the world has received a
massive boost as the latest estimates of its solar power potential. The National Institute
of Solar Energy in India has determined the countrys solar power potential at about
750 GW. The solar power potential has been estimated using the wasteland availability
data in every state and jurisdiction of India. The estimate is based on the assumption
that only 3% of the total wasteland available in a state is used for development of solar
power projects. Besides other renewable energy sources have a potential for 120 GW.
This means that India as country has more than 850 GW renewable energy potential.
Out of this we have achieved less than 0.5%.
The potential would on a conservative basis translate into more than USD 1.2
trillion capital investment or USD 800 Billion finance opportunity, for banks.
Besides this a country like India has 27 million agriculture pump-sets which can
be replaced over a period of 20 years by Solar Powered Pump sets which itself
would need USD 100 billion capital investment.
B. Giving a major push to micro-irrigation program especially drip
irrigation program
Given the water scarcity, over exploitation of water resources and growing need for
food increasing production, micro-irrigation needs to be given a major push as it may
help solve three of the most important issues- water scarcity, rising pumping (energy)
costs and depressed farm profits
Advantages of drip irrigation are it saves of irrigation water (20-60%) , ensures Crop yield
enhancement (20-50%) , increases fertilizer use efficiency and saving of fertilizer up to 25%,
saves electric power in pumping (30-40%) and reduces CO2e emiisoon.
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Manoj Rawat
The Rural Banker
Mobile : +91 9987500731
mkrawat@gmail.com
Twitter : TheManojRawat
Facebook: https://www.facebook.com/TheManojRawat
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