The “Green Oorja” Initiative is a major programme that facilitates the exchange, adoption, development and commercialisation of key renewable energy technologies and those that improve energy conservation.

The programme is in response to the enormous pressure that is building up on the world to combat climate change and actively cut out and limit the green-house gases.

Unprecedented growth in the world economy has also put unprecedented demands on the energy reserves of the world. As a result the oil prices are at a record high and countries are aggressively acquiring mineral and natural resource assets. This pressure will have a severe impact on the world economy.

Therefore the global energy industry and Governments must collaborate to find new and alternative forms of energy that are cheaper than conventional sources and have a lesser environmental impact.

Combating Climate Change is a global problem and requires a concerted global effort. For the first time in the history of technological innovation there is perhaps a strong case where nations may overlook national competitive advantage in favour of developing a solution that will be for the greater good of mankind and subsequent generations.

This initiative will bring together global companies to create a knowledge transfer eco-system to ultimately find innovative ways of creating new energy forms; share best practices and making available existing solutions by efficient technology transfer mechanisms.

The solution requires effective use and transfer of existing technologies as well as innovating new ones. In this age of globalisation, the innovation process is no longer confined to the boundaries of one nation. However cross-border innovation collaboration is a very intensive, intelligence driven process. This initiative is mainly targeted at removing inefficiencies that exist in that process.

CBC plans to launch this programme in three countries piloting with India and followed by Malaysia, South Africa and Nigeria.

India

India is emerging as a formidable economic force. The country recently has become a $1 trillion economy entering the top 10 economies league table. India’s real asset is its demographics and skilled talent pool. More than 50% of its population is between the age of 16 and 25 and over 75% of the population is under the age of 35. By that very virtue the country has already carved out a niche for itself in the Information Technology space.

However despite the presence and availability of the necessary building blocks that drive innovation; the country has not excelled in creating an effective innovation eco-system.
In addition to this, India also a major importer of Oil and has poor power infrastructure.Therefore the country provides an ideal setting for both fostering innovation and a marketing test bed.

Key Initiative Outputs

1.Develop a comprehensive map of clean energy eco-system in India that includes:

Gap analysis – Technology availability; Technology Development; Technology Investment.

Create a map of current research capabilities in laboratories, academic institutions and industry.

Identify organisations or institutions that are developing clean energy technologies, the types they are developing and the level of advancement.

Develop a case-study journal of successful and failed implementations.

Develop an understanding of the Indian market needs.

Develop a map of all organisations that are actively interested in bringing foreign technologies into the Indian market.

Understand various commercialisation models

Make investments in new clean energy technologies

2.Develop Partnerships and disseminate information

Promote active collaborations with partners to share information and knowledge.

Encourage collaborative innovation.

Provide inputs to Government for policy development.

3.Promote energy conservation techniques

The initiative will propagate to the Indian industry the effective and proven energy conservation techniques from around the world.

4.Make Investments

On completion of the mapping exercise the initiative will set up an investment fund to invest into the further development of clean energy technologies.