Guest Commentary: Gireesh Shrimali

Gireesh Shrimali is a Precourt Scholar at the Sustainable Finance Initiative at Stanford University. He is also a visiting scholar at the Energy Technologies Division at Lawrence Berkeley National Lab as well as at the Center for Climate Finance and Investment at Imperial College. Previously, he was the Director of Climate Policy Initiative’s India Program, and a Research Fellow at the Steyer-Taylor Center for Energy Policy and Finance at Stanford University. Gireesh has taught at the Middlebury Institute of International Studies, Monterrey as well as the Indian School of Business, Hyderabad. He holds a PhD from Stanford University, an MS from the University of Minnesota, Minneapolis, and a BTech from the Indian Institute of Technology, New Delhi. Prior to his academic / research career, he has over nine years of industry experience designing high-speed networking and computing systems.

IEEFA: India may face unbudgeted energy transition risk of nearly $9 billion

Fault lines revealed in coal-dominated state Indian enterprises’ response to energy transition risk

India is at the forefront of new global energy trends with renewable energy generation continuing to replace coal-based power. Since 2017, renewable energy has outpaced coal capacity additions by more than two to one (Figure 1). This trend is expected to continue going forward to expand to almost 100% of net new capacity as and […]

IEEFA: Repurposing coal plants into solar and battery can pay up to 5 times more than decommissioning

An economic proposition for coal dominant developing countries

Worldwide, coal plants are grappling with environmental issues and low capacity utilization levels. They have not only become unprofitable to utilities, they are also uneconomical to customers. While retiring end-of-life coal plants can overall be very beneficial, and indeed necessary as finance continues to exit the fossil fuel sector driven by the global energy transition, […]

Coal India’s valuation eroding under climate transition risk

Coal power generation under pressure from increasing renewable energy

At approximately 70% of generation, coal is the dominant fuel for electricity (or power) in India.[1] Further, in India, most coal (again, approximately 70%) is used for power generation.[2] Due to various reasons; including coal’s historic cost-competitiveness, energy security, incumbency and ability to provide baseload power; many believe that coal is likely to remain the […]