Low Carbon and Sustainable Energy Key To Future Economy

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  • The coronavirus pandemic has led to the loss of thousands of lives, put brakes on economic growth and pushed the world into a recession.
  • Pollution and greenhouse gas emissions fell across continents as countries tried to contain the spread of the new coronavirus with strict lockdowns.
  • Pollution levels in the Delhi National Capital Region reduced by around 80% during the initial phase of the lockdown.
  • The waters of the Ganga and Yamuna saw an increase in dissolved oxygen and reduction in nitrate concentration.
  • While rebooting the Indian economy, we will need to integrate sustainability in our growth models as the penalty of poor environmental health is enormous.
  • In the ‘new normal’ post-COVID-19, the government will have to focus on a low carbon economic growth strategy based on Renewable Energy, Reduction of waste, effluents, emissions and consumerism based on Recycling & Reuse.

A recently published article in kiranshaw.blog written by Kiran Mazumdar Shaw highlights the role of low carbon economic growth strategy in a country like India.  He suggest some of the best ways that could be implemented to reduce green house gas effects and have a clean air and energy.

Renewable Energy

Renewable energy initiatives created 11 million job opportunities globally in 2018. Women currently represent 32% of the renewable energy workforce, substantially higher than the 22% average reported for the global oil and gas industry[5].

It is encouraging to see the Indian government’s intent of making India a manufacturing hub for electric vehicles (EVs) in the next five years. The government’s target of one EV charging station for every 3 km in cities and every 25 km on both sides of highways can have a multiplier effect on job creation.

While India has launched biofuel-driven public transport at a pilot scale in Nagpur, expanding the program across the country could lead to significant job creation besides cutting air pollution in our cities.

Foreign Direct Investment (FDI) inflows in the renewable energy sector in India amounted to USD 6.84 billion between April 2000 and June 2018[4]. There is immense potential to increase this through establishing clean energy infrastructure, decreasing FDI constraints in the sector, upskilling and training the workforce and improving ease of business.

Reduction of Waste

Urban India generates 62 million tonnes of waste annually and is predicted to generate 165 million tonnes by 2030.

A sustained effort is required to introduce zero waste technologies in production and effective waste management technologies to convert waste into energy, organic fertilizer, and biofuel. Unlike Western countries, India’s waste comprises of a major organic component, which offers the potential for generating a large amount of compost cheaply, if waste is segregated at source and effectively managed.

The COVID-19 pandemic is  exacerbating the waste problem. Millions of single-use masks, gloves and sanitizer bottles disposed every single day is adding hugely to plastic pollution globally.  Hospitals are estimated to generate six times as much medical waste at the peak of the outbreak as they did before the crisis began.

We need innovative solutions like biodegradable personal protective equipment to ensure we don’t create a bigger plastic crisis.

Recycle & Reuse

We currently live in a linear economy world over, where goods are manufactured, sold, consumed and then discarded as waste. The need of the hour is a rapid transition to a circular economy that repurposes, redesigns and reuses goods prolonging their lives to the highest value and keeping them out of our oceans and landfills.

India’s environment ministry drafted a National Resource Efficiency Policy in 2019, aiming to double the recycling rate of key materials to 50% in the next five years and enable upcycling of waste.

The draft policy aims to achieve a 100% recycling and reuse rate polyethylene terephthalate (PET) plastic by 2025.

The smart use of enzyme technology to treat industrial and domestic waste can repurpose them for use that is more productive.

Conclusion

To achieve the full potential of the opportunities offered by a green economy transition, we will need to adopt the current good practices at a much greater scale and find new cohesive ways of thinking and working across territories and sectors. Cooperation, innovation, rural entrepreneurship and knowledge transfer must be encouraged and supported.

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Source: Kiranshaw Blog