Changing paradigm in energy sector: Implication on fund-flow towards renewable energy sector development

Investment in renewable energy is essential. While India has made significant strides in renewable energy development, the need for further investment remains substantial. Addressing financial and technological barriers in renewable energy development is essential to reducing carbon emissions and achieving global climate targets. Government financing plays a vital role in the development of renewable energy by providing financial support, encouraging private sector investment, supporting research and development, facilitating infrastructure development, and enhancing public awareness and education. Governments offer grants, subsidies, loans, and tax incentives to make renewable energy projects more viable. The project is assessing the institutional fund flow towards renewable energy sector, especially focusing on government sector fund, re-examining the centre-state resource allocation. Additionally, the study seeks to identify challenges in the renewable energy sector through a stakeholder survey, and suggest policy measures to facilitate the development of renewable energy sector.