India was ranked 4th out of 55 with a score of 1.85 on Climatescope 2014. It had its best performance on Low Carbon
Business and Clean Energy Value Chain Parameter III, achieving high marks on indicators related to financial institutions, developed clean energy value chains and service providers.
India is the world’s second-most populous country and among its fastest growing economies, with a 2013 GDP of $1.9 trillion.
Steadily rising power demand, good-to-excellent renewable resources and often-impaired fossil fuel supply chains make India a growth market for clean energy. The country received $6bn in clean energy investment in 2013, out of a total of $62bn from 2006 to 2013. Wind is the largest renewable energy sector, with 60% of capacity and 53% of all investment from 2006 to 2013.
Coal is still the backbone of the country’s power system, providing 71% of its 1,088TWh of total generation in 2013. However, renewable power is an important and growing part of the country’s energy matrix: at 33GW it comprised 14% of installed capacity but only 5.5% of generation in 2013.