Apply for the challenge at http://innovatetoinspire.in
India has significant ambitions for energy security and sustainability. By 2030, India aims to reduce its emissions target to 33-35 percent - amongst the highest across developing countries - and increase the share of non-fossil fuel-based electricity to 40 percent.
To reach these sustainability targets, newer technologies and approaches need to be implemented. As a nation, India has achieved significant strides both in renewable generation and adopting energy efficiency, with renewables constituting 8 percent of the total domestic grid, and the nation’s energy intensity declining by 58 percent between 2005-06 and 2015-16.
However, the effectiveness in both these arenas is inhibited by several specific challenges. Although a clean form of energy, renewables provide intermittent electricity access and therefore expose transmission grids to risks of collapse. Energy consumption in India is expected to increase by 165 percent by 2040, but adoption of energy efficient alternatives is limited to specific appliances and institutions with minimal support for risk-sharing by financial institutions.
The intervention potential for targeted innovations – technologies, processes and business models that can sustain clean energy supply and responsible consumption while balancing development ambitions - is not only significant, but a critical need as developing nations like India bear the brunt of the burden of climate change action.
inviting THINKERS, DREAMERS, DO-ERS, INNOVATORS, INVENTORS, PIONEERS, TRAILBLAZERS, TRENDSETTERS, ENTREPRENEURS…
To spark this movement, Energy Efficiency Services Limited (EESL) and World Resources Institute (WRI) are proud to conduct the #InnovateToINSPIRE Challenge 2018.