of renewable and sustainable energy is critical for ensuring sustainability
of development and an energy secure future. Fossil fuel-based energy
economy is predicted to be phased out in the next few decades. By
2050, 50% of all energy used by mankind will come from renewable
sources of energy. But efforts in India towards developing this
vital futuristic sector are inadequate. Some of the major problems
faced by the renewable energy sector are lack of qualified manpower,
scientific articulation of policy and legislative options, lack
of awareness due to poor communication, etc. The need to create
an institution that would play a holistic and critical role in shaping
an energy secure and sustainable future gave rise to the establishment
of the World Institute of Sustainable Energy (WISE).
The activities of WISE will provide a major impetus to the development
of the renewable energy sector in India who would benefit from the
trained pool of manpower, policy studies, research, consultancies,
publications, etc., developed by WISE.
The institute has been registered as a not-for-profit Society and
Trust under the Societies Registration Act, 1860, and the Bombay
Public Trusts Act, 1950, and began functioning in Pune in June 2004.
WISE is a financially autonomous institution and comprises some
major and eminent stakeholders from the renewable energy sector
as its founder members.