Dr. Pratima Rangarajan is the Chief Executive Officer of the newly formed investment company, OGCI Climate Investments. Jointly funded by ten oil and gas majors, OGCI Climate Investments (CI) intends to invest $1 billion over the next ten years to develop and demonstrate innovative technologies that have the potential to significantly reduce greenhouse gas emissions. CI plans to enhance the impact of the investments via strategic partnerships and with others working on low emissions technologies and solutions. Before joining OGCI Climate Investments, Dr. Rangarajan was the General Manager for GE's Onshore Wind Product Line and the General Manager for GE's Energy Storage startup. She had previously held the role of Deputy Chief Technology Officer and Senior Vice President, Emerging Technology and Research at Vestas Wind Systems. Pratima holds a BS in chemical engineering from MIT and a PhD in chemical engineering from Princeton University.
India faces dual challenges of energy security and energy sustainability. The government has committed to a lower carbon future in its COP 21 commitments, with ambitious targets for renewable energy, energy efficiency, and afforestation. India is already seeing impact of changing climate with changing patterns for the monsoon, more draughts and flooding. At the same time, economic growth requires more energy. What systemic changes need to be implemented to increase the penetration of low-carbon sources of primary energy? Are there strategies that fast-growing nations like India can learn from the mature European and North American markets in areas such as deregulation, competitive pricing, market liberalization, climate policy, and carbon markets? Where can India make the biggest gains in emissions reductions? What incentives are needed to stimulate private investment in solutions and R&D? Is a domestic carbon price necessary?