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IREDA CMD Pradip Kumar Das Highlights Green Finance Strategies at PPAC Foundation Day

Mr. Das emphasized that India's clean energy shift will require investments of Rs. 30–32 lakh crore by 2030
Indian Masterminds Stories

Indian Renewable Energy Development Agency Limited (IREDA) Chairman & Managing Director (CMD) Mr. Pradip Kumar Das participated in a high-level panel discussion on “Financing Mechanism for Energy Transition” during the 24th Foundation Day of the Petroleum Planning & Analysis Cell (PPAC). The session focused on financial strategies to accelerate India’s clean energy transition.

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Moderated by Ms. Gurpreet Chugh, MD-India, ICF, the panel featured industry experts including Ms. Praveena Rai, MD & CEO, MCX; Ms. Rajasree, Economic Advisor, Ministry of Environment, Forest and Climate Change (MoEFCC); and Ms. Vibhuti Garg, Director (South Asia), Institute for Energy Economics and Financial Analysis (IEEFA). Discussions covered the scale of investment required, available funding avenues, challenges in capital mobilization, and essential policy interventions to bridge the financing gap.

Mr. Das emphasized that India’s clean energy shift will require investments of Rs. 30–32 lakh crore by 2030. He underscored the importance of strategic policies to attract international capital and strengthen the domestic green finance market. A key recommendation was the establishment of a globally harmonized green taxonomy to boost investment inflows into the renewable energy sector.

He also proposed AUM-linked investment obligations for domestic pension and insurance funds, along with green financing mandates for banks, to foster a sustainable green capital ecosystem. Additionally, he highlighted that with strong credit appraisal mechanisms, risks associated with renewable energy projects can be effectively managed, citing IREDA’s minimal write-offs as a testament to successful risk mitigation.

Concluding his remarks, Mr. Das stressed the importance of raising awareness among future generations about sustainability and environmental responsibility.

The PPAC Foundation Day event served as a key platform for experts to discuss financial mechanisms essential for India’s energy transition, focusing on policy, investment, and sustainable growth.

Also Read: JNPA Records 13.55% Growth in Container Traffic, Handles 7.3 Million TEUs in FY 2024-25


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