Developing green industry

15 NOV,2021 | MEDC


 

With most of India’s environmental targets now largely in place, entrepreneurs should step forward to build the green industries that will enable us to move to a low-carbon economy. Research has shown that building green businesses that use energy efficiently and reduce carbon emissions have also greater commercial viability. Renewable energy already has huge potential in India, and green packaging is another major area of economic opportunity. We will need to shift from single-use plastic to closed-loop recycling solutions. Climate action calls for engagement across a wide spectrum of activities including policy support, creating an enabling environment for investment, project development and design, and project finance. All this will fall into place once public policy focuses on the development of green industry and high impact green projects, while simultaneously considering the parameters of the exchange between various stakeholders in the economy. It is doable, and it needs to be done.

*Photo Credit: Google

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