Partnerships and Knowledge Sharing

Strategies to help MSMEs achieve clean energy transition

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The path of sustainable development goes through decarbonization of the industrial sector. In this regard, MSME sector provides us with both challenges and opportunities. With its 63 million units, the sector provides employment to over 110 million people and stands for 45% contribution to the nation's GDP. The figures are self-explanatory for an energy-efficient transition. The author, Girish Sethi, has skillfully charted how partnerships and knowledge sharing are the key drivers in our quest for environmentally benign energy alternatives.

As the world strives to reduce CO₂ emissions from fossil fuel usage and mitigate the threats of climate change, the primary challenge is to decarbonize industry, which depends heavily on fossil fuels but also drives and sustains economic development. In India, industry accounts for nearly a quarter (24.1%) of India's total CO₂ emissions in 2022 (IEA).¹ At the same time, industry provides core inputs to every sector of the rapidly growing Indian economy and supports the livelihoods of millions of people.