Deloitte Report: Success Factors for Low-Carbon Future in Power Sector

A study entitled “Success Factors for a Low-Carbon Future in the Power Sector” has been released by Deloitte India. The development of new technologies and the creation of a framework to reduce risk are being supported by numerous governments and multilateral organizations, which are helping to facilitate the energy transition. Although every nation is distinct, all policy measures share the same characteristics: they encourage increased renewable energy generation and increase demand for renewable energy. It can be difficult to execute a policy that is appropriate for one market or sector in another due to regional characteristics or difficulties.

Policies can encourage innovative financing to fill upmarket gaps. Community-based funding (Australia), cross-border collaboration and finance (Southeast Asia), and technology-neutral funding are a few examples from around the world (Australia). Platforms for crowdfunding can also help bridge financial shortages for renewable energy sources. But supporting low-carbon innovation is also part of the policy. To test new goods, services, and business models in a real-world setting, some energy regulators, for instance, are evaluating new models in sandboxes, or controlled environments. These innovative methods are meant to aid regulators in comprehending cutting-edge technology and collaborating with business leaders to create norms and regulations that are suitable for contemporary settings.

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