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The Energy Finance Conference –India which began in 2019 and continued its journey into 2020, emerged as a response to the ongoing dialogues on the  need to judiciously maximise the security of energy supplies in India to fuel development without burdening both man and the environment. While the ever-increasing clamour for energy self-sufficiency set stage for the transition into a well-designed and efficient energy regime in the country, what got sidelined in the process was the economic and socio-ecological ramifications of India’s energy policy choices for the sake of the much avowed development goals.

The understanding that any meaningful transformation to sustainable development requires the accompaniment of a judicious outlining of the energy policy, committed to both improving the living standards of its people and preserving the ecological equilibrium, became the motivation and basis for EFCI-India in 2019. After a successful conclusion of the 1st EFCI-India meet in 2019 in collaboration with IIT Madras which witnessed the coming together of academics, energy specialists, climatologists, policy experts, activists, corporates, bankers and bureaucrats (the link), Centre for Financial Accountability along with IIT Madras proceeded to the 2nd year of EFCI-India.

This time, the intent was to take the conference beyond the coal vs renewable juxtaposition that often posits coal as the leviathan against the benign renewable energy technology, to look critically at the socio-political and economic realities surrounding the emergence of renewables as the alternative energy models. In our endeavour to further the conversations on the ongoing energy transition from coal to renewables, CFA was also elated to join hands with Climate Trends as Knowledge partner. It is thus with the constant encouragement and guidance of many that the 2nd EFCI-India became an online reality.

 

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