With the world population reaching up to 7.121 billion,energy crunch is bound to trouble experts around the world. Especially,considering the role of energy in economic growth and the environment degrading over centuries, ‘sustainable energy’ seems to be demanding a lot more attention. The string that leads us to this fret is a fact that the use of energy is inevitable; however the reserves of such energy sources are finite. As such, when we talk of economic growth everything seeks a position under the commercial purview.
The challenge is to match the quantum of sustaining energy with finances involved to do so.Having said this, it will be interesting to know that renewable energies are gaining considerable importance on every front and the awareness has already imposed the need to think and rethink about energy sustainability and required finance.
The understanding of its financials ranges from analyzing and understanding sources of financing for sustainable energy and heads to creating an effective project which would be efficient and financially viable where cash flows, ROIs cannot take a miss.
What should seek our attention is how do the environmentalists reach financial institutions and make them invest in clean energy technologies? The answer is right here. Institutions like IFC are already contributing in their own way and Institutes like Frankfurt School and UNEP understand the challenge posed by changes in climate to the world economy and financial sector in particular. As one of its initiatives Frankfurt school has partnered with UNEP to help them develop ways to reduce carbon emissions from energy supply and use, by mobilizing finances in that direction. Then even Governments of countries are contributing to the field by providing for training the professionals or imparting training through autonomous bodies at specialized institutions in India and abroad.
What calls for attention here is how do the environmentalists reach financial institutions and make them understand and indulge into making successful investments in clean energy technologies? The answer is right here. Institutions like IFC are already contributing in their own way and Institutes like Frankfurt School and UNEP very well understand the challenge that changes in climate can pose to the world economy and financial sector in particular and are making an effort to work it out in more than one ways. As one of its initiatives Frankfurt school of Finance and Management has partnered with UNEP (United Nations Environment program) to help them develop ways to reduce carbon emissions from energy supply and use, by mobilizing finances in that direction. Then even Government of India & other countries (Ministry of New and Renewable Energy) are contributing to the field by making provisions for training the professionals or imparting training through autonomous bodies at specialized institutions in India and abroad.
Renewable energy financing is becoming a vital stream from a career perspective. Institutes like FS and UNEP basically aims at developing professionals who can take up this job efficiently. The key is to attain equilibrium between the demand and supply sides of energy.