The National Clean Energy Fund (NCEF), announced in the
Government of India s Budget 2010-11, is seen as a major step in
India's quest for energy security and reducing the carbon intensity
of energy. Funding research and innovative projects in clean energy
technologies, and harnessing renewable energy sources to reduce
dependence on fossil fuels constitute the objectives of the NCEF.
The NCEF s utilization of funds is considered to be rather low and
disbursements poorly aligned with the fund s stated objectives,
thus posing a potential risk of diluting the focus of NCEF with
adverse implications for the much-needed research and innovation in
the clean energy sector in India.
The book provides a detailed framework for promoting effective
utilization and administration of NCEF. To this effect, it
identifies the most promising avenues for utilization of NCEF
resources for catalytic opportunities and deployment of new
technologies. It also identifies and prioritizes the specific
energy sub-sectors towards which the NCEF resources are directed.
It also makes suggestions for designing a smart monitoring and
evaluation framework for the NCEF.
This work provides significant information for the government so
that appropriate mid-course corrections may be made in a timely
manner. This will also be useful in honing the strategic thinking
on a suitable energy-technology policy and an assessment of
technology needs and other barriers to the clean energy sector in
India."
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