UNIDO SHOWCASES “MADE IN INDIA” INNOVATIVE CLIMATE TECHNOLOGY SOLUTIONS FOR INDUSTRY

Varahi Media.com online news, Hyderabad, 13 September 2024 :The United Nations Industrial Development Organization (UNIDO) reaffirmed its support for India’s efforts toward its climate and net-zero development goals by showcasing 18innovative climate-tech solutions to the industry at the Energy Efficiency Summit 2024, organized by theConfederation of Indian Industry (CII) from 10to 12 September 2024.

These adoption-ready industry solutions have been validated under UNIDO’s Facility for Low Carbon Technology Deployment (FLCTD),supported by the Global Environment Facility (GEF).They have undergone rigorous field trials in multiple operating environments, proving their effectiveness.

Launched in 2016 by UNIDOand the Bureau of Energy Efficiency (BEE),  Government of India, the GEFfunded project FLCTDaccelerates innovations in low carbon and Clean technologies. The project aims to unlock India’s innovation and entrepreneurial capabilities to identify innovative technology solutions with the potential to save energy and reduce greenhouse gas (GHG) emissions.

FLCTD provides capacitybuilding to innovators on aspects of technology development and commercialization as well as financial support for conducting field trials in various real-life conditions. This helpsreduce risks associated with emerging climate technologies and accelerates their faster adoption.

In addition to identifying specific high-potential low-carbon technology innovations and nurturing their deployment, verification and commercialization, FLCTD strengthens climate-focused technology transfer ecosystem in India by working directly with knowledge-based institutions.

Mr. K. S Venkatagiri, Executive Director said “CII Green Business Centre has been happy to be involved with UNIDO in implementing the FLCTD programme, which has created lot of interest amongst innovators. Several innovative solutions have been submitted by the participating innovators, resulting in more than 88 innovative solutions being demonstrated, with support from UNIDO.

There is potential to scale up the adoption of these technologies in the Indian industry, which will result in substantial environmental and financial benefits. CII is glad to take this forward and looks forward to continuing partnership with UNIDO.”

Since its inception, FLCTD has implemented six annual innovation challenges and selected 88winning innovations for scale-up and commercialization. So far, the project has committed INR 33 crores (USD 4.0 million) to the winners towards business mentoring and technology validation.

The validation of various winning innovative technologies was carried out at more than 240 industrial site locations across India. Thus far, 43 technologies have been validated, and 33 technologies got commercialized. Additionally, 66 climate-tech startups received mentoring support through the low-carbon Accelerator programme, including 17 women-led start-ups.It is estimated that even a one per centmarket adoption ofthese technologies can reduce3.8million tonsof GHGemissionsannually.

20 FLCTD supported startups have put up their booth at the 23^rd edition of Energy Efficiency Summit organized by Confederation of Indian Industry – Green Business Centre and interacted with industry representatives and presented their innovations which have been supported under FLCTD and are now commercially available for the industries to adopt.

The FLCTD project supports innovative Startup’s who develop low carbon technologies for the industrial applications; and it stands out as an excellent example of how UNIDO is “Walking the talk” to accelerate the development of sustainable and decarbonized industry in India.

About Author