Author(s): P R Krithika, Siddha Mahajan
Renewable energy (RE) has become an important agenda of India’s energy planning process especially since climate change has taken centre stage in the domestic and international policy arena. To demonstrate its commitment to renewable energy, the government has set aggressive targets for renewables and several incentives and policy initiatives at the Central and State levels have been put in place both for grid connected and off-grid renewable energy. It is evident that the development of renewable energy sector hinges on the combination of legislative frameworks, funding mechanisms, institutional arrangements, and co-ordination mechanisms, which work together to support the implementation of RE strategies, policies and programmes. It is seen that despite the growing momentum of activity in this sector, there are certain issues which highlight the gaps in the governance of renewable energy in India. This paper discusses some of the key regulatory and governance issues which have a bearing on RE sector. These pertain to technical and institutional capacity, planning and budgetary allocations, transparency and accountability, regulatory compliance and social and environmental concerns. The paper highlights these issues with specific examples and sums up the way forward for addressing some of these gaps.