[{"bbox": [85, 151, 423, 180], "category": "Section-header", "text": "## 3.4 Risks and Lessons Learnt"}, {"bbox": [82, 193, 1167, 1625], "category": "Table", "text": "<table><thead><tr><th>Category</th><th>Risks</th><th>Likelihood (High/ Medium/ Low)</th><th>Impact (High/ Medium/ Low)</th><th>Mitigating measures</th></tr></thead><tbody><tr><td rowspan=\"3\">1. External Environment</td><td>i) Political conflicts / dynamics at subnational level hinder project implementation.</td><td>Medium</td><td>Medium</td><td>i) Systematic engagement at national and sub-national level will be ensured through Steering Committee meetings, EU-India annual policy dialogues and Strategic Review missions.</td></tr><tr><td>ii) Green transition: challenges within the government with regards to planning, building strategies, budgeting, monitoring, data collection/analysis, intra and inter government coordination, including enforcement and frequent changes in administration.</td><td>Medium</td><td>Low</td><td>ii) Adequate mitigations interventions will be planned to enhance national and state level monitoring and review frameworks. Team Europe approach and strong development partners' coordination combined with effective policy dialogue at national and state level, should help reduce such risk.</td></tr><tr><td>iii) The regulatory and market framework in India may still be at a nascent stage during implementation, specifically for India's green transition.</td><td>Medium</td><td>Low</td><td>iii) EU support is aimed towards sharing EU regulations, standards and best practices. This is envisaged under the EU-India Clean Energy and Climate Partnership, Support to Joint Working Group on Environment focusing on circular economy - all of which will help India to learn from EU regulations and initiatives (sustainable supply chains, sustainable product policy, deforestation policy, Green Hydrogen Bank among others).<br>In a Team Europe approach, EU Member States and EU Financial Institutions are actively engaged with India (Germany, France, Denmark, NL, Sweden, EIB, AFD, KfW others), thereby providing opportunity to enhance Team Europe approach by providing support for strengthening regulatory and standards to facilitate EU companies to collaborate and invest in India.</td></tr><tr><td></td><td>iv) Supporting bankable pilot projects related to renewable</td><td>Medium</td><td>Low</td><td>iv) The EU will contribute to improving the investor confidence through technical assistance and dedicated activities under the</td></tr></tbody></table>"}, {"bbox": [1026, 1681, 1143, 1705], "category": "Page-footer", "text": "Page 16 of 34"}]