INDIA IS NOT the worst offender in carbon emissions, but its carbon footprint is growing as it strives to develop and is projected to peak in 2040-45. India's carbon emissions cannot be tackled overnight: they come from sectors key to economic growth. The big ones are the energy sector, which relies mainly on burning coal to generate electricity; industrial activity, which ranges from manufacturing to construction; both private and and transportation, logistics.
Despite the current government's commitment to climate action and hitting the target of net zero by 2070, the new government that will be in place around June has to recharge efforts to phase out fossil fuels and invest in technologies. The green lobby wants to eliminate the use of fossil fuels, reduce emissions, and sustainable growth. It is up to the private sector and governments to figure out how to do it without killing the economy. India needs a comprehensive approach towards renewable energy that integrates government policies, technological advancements, financial incentives, and the community's involvement.
RENEWABLE IS THE KEYWORD
India's priority is economic growth aimed at powering hundreds of millions out of poverty, but such growth will cause energy demand to surge. The way out? A rapid increase in the use of renewable energy. Easier said than done.
The Carbon Markets Association of India (CMAI), which brings together industry experts working for a structured carbon trading system, says targets, investments, efficiency and affordability are the pillars of a renewable energy strategy.
Diese Geschichte stammt aus der February 18, 2024-Ausgabe von Business Today India.
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Diese Geschichte stammt aus der February 18, 2024-Ausgabe von Business Today India.
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DE-RISKING THE BOOKS
INDIAN BANKS ARE BEGINNING TO TAKE BABY STEPS TOWARDS ADDRESSING CLIMATE-RELATED FINANCIAL RISKS IN THEIR BOOKS. BUT THEY MUST PUT THEIR FOOT ON THE PEDAL AND ENHANCE PREPAREDNESS
PAYING FOR CHANGE
WITH EXTREME WEATHER INCREASINGLY PUTTING THE COUNTRY AND ITS ECONOMY AT RISK, INDIA SHOULD EXPLORE CLIMATE FINANCE PATHWAYS TO FUND ITS NET-ZERO JOURNEY TOWARDS A GREENER FUTURE
BEYOND THE BLIP
ESG HAS BEEN UNDER SCRUTINY GLOBALLY AMID ALLEGATIONS OF GREENWASHING AND RECORD REDEMPTIONS FROM ESG FUNDS. BUT THAT MAY JUST BE ONE SIDE OF THE STORY, SINCE SUSTAINABLE PRACTICES HAVE BECOME CORE COMPONENTS OF COMPANIES' STRATEGIES
BANDHAN AT A CROSSROADS
THE BELEAGUERED LENDER, LED BY CHANDRA SHEKHAR GHOSH, HAS FACED A HOST OF CHALLENGES IN RECENT TIMES. IT HAS READIED A BLUEPRINT TO DEAL WITH THEM. BUT WILL IT SUCCEED WITHOUT GHOSH AT THE HELM?
RESULT AND REPERCUSSIONS
After the verdict, the Street has turned cautious with analysts expecting the new government to reassess some of its policy priorities
D-STREET ANGELS
FACED WITH A DEARTH OF PURE-PLAY THEMES IN THE SECONDARY MARKETS, SEASONED INVESTORS LIKE VIJAY KEDIA, MUKUL MAHAVIR AGRAWAL, AND THE JHUNJHUNWALAS HAVE TRAINED THEIR SIGHTS ON THE START-UP
A Man of Multitudes
IN A NEW BOOK, CAPTAINS OF INDIA INC. AND OTHERS PAY TRIBUTE TO RAHUL BAJAJ, THE TITAN OF INDIAN INDUSTRY
HOUSE OF THE RISING SUN
WITH THE GOVERNMENT OFFERING SUBSIDIES UNDER THE PM SURYA GHAR MUFT BIJLI YOJANA, MANY HOUSEHOLDS HAVE TAKEN A SHINE TO SOLAR ROOFTOP PANELS. BUT HOW MUCH DO THEY COST?
FROM GREY TO GREEN
WITH THE CLIMATE CRISIS BECOMING MORE ACUTE, GREEN HYDROGEN COULD BE AN IMPORTANT SOLUTION
ECO CHAMBER
DATA CENTRES ARE A VERY VITAL PART OF THE DIGITAL TRANSFORMATION THAT IS UNDERWAY, BUT THERE'S A PROBLEM: THEY CONSUME TOO MUCH ENERGY. AS DEMAND FOR SUCH CENTRES INCREASES IN INDIA, IT HAS NO OPTION BUT TO EMBRACE GREEN SOLUTIONS