The Bureau of Energy Efficiency (BEE) of the Indian Ministry of Power and the Clean Energy Finance and Investment Mobilisation (CEFIM) Programme of the Organisation for Economic Co-operation and Development (OECD), with inputs from the International Institute for Energy Conservation (IIEC), jointly convened around 60 public and private sector stakeholders in two roundtable consultations on Energy Efficiency De-Risking Instruments in India. The first roundtable convened energy service companies (ESCOs) and energy auditors, followed by a second roundtable with technology providers. Both consultations aimed to enhance India's investment landscape for energy efficiency by exploring the potential of financial de-risking instruments like Energy Savings Insurance (ESI) to increase investor confidence and drive energy efficiency financing as well as capacity building.
The consultations built upon the insights from the first workshop on Energy efficiency de-risking instruments in India on 20th February 2024, and the 1st International Focus Group Discussion on Energy Savings Insurance of 14th March 2023.
The consultations aimed to support BEE in enhancing the policy environment for energy efficiency investment, fostering dialogue, and building capacity to develop energy savings insurance in India, and in particular, accelerating India's National Mission for Enhanced Energy Efficiency (NMEEE) and meeting India’s Updated First Nationally Determined Contributions (NDC).
Building upon the needs assessment study, the BEE tasked the OECD CEFIM programme with support from IIEC to develop an ESI Implementation Roadmap for India.