Assessing financial interventions for achieving power sector- NDC targets in Sri Lanka and Maldives
Student name: Ms Shweta Kalia
Guide: Mr Amit Kumar
Year of completion: 2017
Host Organisation: KPMG India, Gurgaon
Supervisor (Host Organisation): Mr Manpreet Singh
Abstract: Leaders across the globe have developed carbon emission reduction targets for the years forward.
The NDCs will determine the success of the countries in achieving their goals by adoption of low-
carbon technologies by transformation of world’s fossil fuel dependent and carbon intensive
infrastructure. In this paper, the objective of the study is to identify the gaps in the financial
interventions, and suggest changes that can be implemented to encourage public-private-
partnership, and channelized capital towards the renewable energy based power generating
projects, in Maldives and in Sri Lanka. There is a need to asses both the existing policy framework
and the relevant financial instruments, for the augmentation of the renewable energy sector. The
idea is to create financing opportunities for scaling up energy access from clean and alternative
sources.
The research methodology consists of three parts a) Data collection and analysis, b) Interviewing
the important stakeholders, c) Assessing the outcome of the collected data and results of the
interviews of the stakeholders. Both the countries are very different in terms of geography,
demography, economy, and resources for alternative energy, hence, the financial interventions,
including financial instruments suggested in the paper for having better capital flow in the
renewable energy power sector, are tailor-made to the requirements of these countries.
Keywords: Climate change, Nationally Determined Targets (NDCs), financial interventions
