Vibhuti Garg

Vibhuti Garg is the Director for South Asia at the Institute for Energy Economics and Financial Analysis (IEEFA), where she leads a multi-country research team driving strategic policy interventions on clean energy finance, energy pricing, subsidy reform, and market design. With over 22 years of experience in the energy sector, she has been at the forefront of India's energy transition, bringing rigorous economic and financial analysis to promote a clean energy ecosystem and de-risked investments in the sector.

Her research has contributed towards India reaching more than 50% non-fossil fuel installed capacity, five years ahead of its 2030 target, with total non-fossil fuel capacity crossing 300GW. She leads flagship initiatives including the Indian States' Electricity Transition index, pioneered Just Transition work with the Government of Jharkhand, and advocates for scaling blended finance, green bonds, and de-risking mechanisms to accelerate private capital flows into clean energy, storage, and grid modernisation.

She plays a leading role in positioning India's energy transition on the global stage, facilitating cross-country learning with governments across Asia, Africa, and West Asia alongside IRENA, IEA, and other multilateral partners. She has been a key speaker at the ET World Leaders Forum, Global Energy Leaders’ Summit Odisha, COP, G20, NUS Singapore, and the Gulf Intelligence Forum, and has featured on the Financial Times, NDTV Profit, BBC World Service, CNBC, and leading energy podcasts.

Prior to IEEFA, she held roles at ICF International, Mercados Energy Markets India, ARX Analytics, TERI, and IISD, advising governments and financial institutions on power market reform and fossil fuel subsidy restructuring. She holds an MA in Economics from the Delhi School of Economics and is a Canberra Fellow (DFAT, 2023).