It is increasingly becoming clear that climate-related investments will see a severe slowdown in the coming years, especially in Variable Renewable Energy. Part of the problem is political-the election of President Trump has changed the conversation. Yet, it would be a mistake to dismiss the change in conversation as temporary or 'only political.'VRE penetration in electric grids makes electricity costly and the grids unstable. There was evidence that this was being recognised by grid operators and the financial community well before the election of President Trump. The presentation will take you through this landscape from three points of view 1) Theoretical reasons why VRE increases costs and makes grids more unstable 2) Empirical evidence 3) Recognition of the financial community of these risks. It will also discuss what the Implications are for the research community
Yogesh Upadhyaya
As a founder of AskHow India (a not-for-profit campaign to improve the quality of public debate in India), Yogesh Upadhyaya has been working on simplifying complex topics for more than a decade. His areas of interest include energy, manufacturing and demographics, and his work in these areas has been appreciated a lot by policymakers. Yogesh was earlier an entrepreneur, and his financial services products had a dominant market share in the Indian market. He has worked as an analyst and consultant in the energy space prior to that. He teaches in educational institutions and also conducts training based on Improv theatre concepts as well as on Design thinking and Systems thinking concepts. Yogesh also mentors very early-stage start-ups, including those from IITB. Yogesh is an alumnus of IIT Bombay and IIM Calcutta.
Manish Agarwal
Manish Agarwal led the Capital Projects & Infrastructure practice at PwC for over ten years, and also worked at KPMG and Crisil in his 25 years’career in consulting. He has extensive experience of working with policymakers, especially in the energy sector. He is currently a Visiting Faculty at IIMC, IIMK, IIMI, IIMSh and BITSoM, where his teaching areas include Project Finance, Economics of Sustainability and Systems Thinking. For corporates, Manish provides Improve Theatre based training on Design Thinking and Systems Thinking. As co-founder of AskHowIndia.org, he writes blogs to simplify complex public policy issues. Manish mentors young MBA students and LAMP Fellows. Manish is an alumnus of BITS Pilani and IIM Calcutta