Renewable Policy Lessons For India
An ever increasing consumption of non-renewable sources of energy has resulted in a need to reset preferences
and resort to use of renewable sources. This in turn requires innovative strategies to promote development of renewable
energy. While a wide array of policy instruments exist pertaining to renewable usage, German and Chinese policy
implementations are considered most effective due to increased installed capacity, employment generated and innovation
fostered. India needs to identify its untapped renewable potential and hence forms the centre of this study. The purpose of
the study is to effectively analyse the German and Chinese policy instruments, while drawing insights for the Indian context.
German success was primarily due to its Feed-in-Tariffs’ (FITs) implementation along with ecological taxation and high
investments in the sector. The Chinese case however utilized an effective mixture of policy instruments such as FITs and
subsidies. India already has many such policy instruments in place, however needs to learn lessons in terms of
implementation. India needs to learn from the German commitment and Chinese effectiveness. Further, a strong adherence
needs to be shown by the government towards renewable obligations.
Keywords- India, Renewable Energy, Policy Instruments