The report suggests six focus areas that can accelerate growth of renewable energy and improve air quality in India. It proposes Green Stimulus to revive Indian economy by creating demand and jobs with policy and regulatory interventions using minimal government spending.
The Green Stimulus proposed by this report is approximately INR 40,00,000 crores (or 540 billion USD), spread over this decade. The specific proposals suggested for this stimulus are as follows:
- Incentivising Cleaner Transport (investment potential of INR 160,000 crores per annum)
- Producing Renewable Energy from Agricultural Residues (investment potential of INR 22,470 crores per annum)
- Creating Renewable Energy from Animal Husbandry Waste (investment potential of INR 88,000 crores per annum)
- Promoting Solar Generation in Rural India (investment potential of INR 27,00,000 crores)
- Supporting MSMEs to Become More Green and Competitive (savings potential INR 15,000 crores every year)
- Creating Domestic Manufacturing Capacity for Solar Power and Energy Storage (investment potential of INR 2,94,000 crores by 2030)