Green energy as the next growth propeller.
India must go for far-sighted policy initiatives and a collaborative response with multilateral institutions to transit to clean energy At the Quad summit last week, as also at the last G20 summit, Prime Minister Narendra Modi reiterated India’s commitment to combat climate change, as we move towards the target of “net-zero emissions by 2050”. This calls for far-sighted policy initiatives and a collaborative response with multilateral institutions to achieve a transition to clean energy. The sunrise sectors that emerged as post-pandemic growth catalysts have been healthcare, ed-tech, digitisation, fin-tech and e-commerce. While there is a greater urgency to transition to smart infrastructure and green technologies, this space is yet to see traction, as renewable energy, electric vehicles (EVs), sustainable infrastructure, smart urbanisation and smart ruralisation, water harvesting, recycling of post-usage wastage and so on, are still in nascent stages of adoption by corporates an...