India is paving the way in climate solutions for renewable energy, battery storage for Global South: Rajiv J Shah, President, Rockefeller Foundation
Rockefeller Foundation and Global Energy Alliance for People and Planet (GEAPP) have been playing the catalyst role in helping India and the Global South achieve their sustainable development goals.
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Rajiv J Shah, President, Rockefeller Foundation, talks to ET Digital about India’s growing battery storage systems, its climate priorities and how climate conferences and their outcomes affect the Global South. Edited Excerpts:
Economic Times (ET): What is your analysis of the outcomes of COP29 in Baku? What role will these outcomes play for India’s net zero goals?
Rajiv J Shah (RS): COP29’s outcomes made it clear that the world is doing more than ever, including a commitment to triple climate finance for emerging and developing economies to $300 billion annually by 2035. However, as many countries, led by India, have made clear, this is still not nearly enough to help people around the world pursue better lives while preventing the worst of climate change.
Still, the most critical work at COP29 was done on renewable energy, where many initiatives were launched or advanced. For example, the Global Energy Storage and Grids Pledge called for a six-fold increase in energy storage by 2030. Increased storage capacity is essential to “greening” the world’s existing power grids. Battery energy storage systems
