India is patting itself on the back courtesy a report by international NGO The Climate Group that lauds its progress in energy efficiency where it says India will fast be surpassing the US with the market expected to treble to INR 351,000 crore (USD 77 billion) in the next ten years. It praises India which it says has prioritised low carbon development now, and creating a better, more secure, and more prosperous future for its more than one billion people.
The report, India’s Clean Revolution highlights other success stories in India’s low carbon economy. High fuel prices set by the Indian government for industry have driven dramatic energy efficiency improvements, such that India is now one of the world’s lowest-cost producers of both aluminium and steel.
The report describes how a low carbon development path is the only one that will guarantee future prosperity for India. Bold low carbon policies will increase India’s energy independence and help provide access to energy to those who still lack it, it says.
India’s share of the USD 2.2 trillion market for low carbon goods and services in 2020 could be as much as USD 135 billion, creating 10.5 million green jobs, and is likely to grow faster than any other country. Low cost labor and a highly skilled manufacturing base will make India a major hub for clean technologies.
And finally, it cautions India to avoid the developed world model of high cost, high carbon development and instead chart a new low carbon pathway based on energy efficiency and energy security. This is something we have stressed - given the massive investments in infrastructure, both ongoing and to come, and a large section still largely not relying on commercial energy, this is time for a change in track on the energy front.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment