Hello West! Finance Is The Fuel For Fossil-Fuel Challenge
Businessworld India|December 03, 2022
With nearly a sixth of the global population, and especially younger demographics at that, India has the responsibility of driving constant social and economic growth. It cannot afford to be slack in its internal efforts at growth, especially when it does not have a sixth of the world's wealth
By Srinath Sridharan
Hello West! Finance Is The Fuel For Fossil-Fuel Challenge

THE RICHER NATIONS have developed and even oversaturated any more potential development. A look at human history shows that economic development typically brings physical comfort to humans. Be it simply the gadgets in the kitchen or farms, vehicles for transportation of people, cattle and cargo, refrigerators, air conditioning, cold chains, roads, airports etc., and offices and homes. Or be it larger science and technology that aid in development across various spheres that help societies. For decades, the developed nations have been using these what we colloquially think of as creature comforts.

They now need what’s replacement-stock or upgraded versions of these infrastructural comforts. But with a difference. They just need to support the clean energy base. Whereas, the other developing and poor nations don’t have this infrastructure either in total or for many, even in part. Their aspiration to support economic development is also to improve the quality of living for their citizens as well as the ability to provide this socio-civic infrastructure. This delta of growth aspiration from the current low base cannot be met by currently available zero-carbon ideas.

They would need conventional emissions based on growth in the short term, before aspiring for meeting the growth challenges by replacing fossil fuels with those with zero carbon emissions. Unfortunately, the push toward zero carbon emissions has been interpreted as a full ban on fossil fuel energy. This is economically unviable, and unfair to expect of developing and poor nations. Given all the global studies, research data, governmental negotiations itis an accepted premise that nations need finance and the latest commercially deployable technology towards climate transition and climate mitigation, and that it is important to understand the challenges of developing nations.

この記事は Businessworld India の December 03, 2022 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Businessworld India の December 03, 2022 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

BUSINESSWORLD INDIAのその他の記事すべて表示
Gauging Trumponomics For India
BW Businessworld

Gauging Trumponomics For India

Despite some shortto mediumterm headwinds in trade and immigration, the broader Indo-US vision of counterbalancing China’s influence is expected to ensure continued cooperation under Trump 2.0

time-read
2 分  |
November 16, 2024
Reflections on Consciousness and Creation
BW Businessworld

Reflections on Consciousness and Creation

Indian-American DEEPAK CHOPRA on the nature of the universe, the digital fabric of existence, and the power of a conscious mind

time-read
2 分  |
November 16, 2024
MORE TAKE TO DRIVING IN STYLE
BW Businessworld

MORE TAKE TO DRIVING IN STYLE

High-end luxury vehicles are no longer part of a niche market, but a rapidly expanding segment of automobile sales, driven by changing consumer preferences, rising disposable incomes and better infrastructure

time-read
4 分  |
November 16, 2024
India's Growing Affinity for Swiss Watches: A Luxury on the Rise
BW Businessworld

India's Growing Affinity for Swiss Watches: A Luxury on the Rise

NDIA'S ROBUST ECONOMIC growth, projected to exceed 6 per cent in 2024 and 2025, is fostering a rising demand for aspirational products. As disposable incomes increase, particularly among the expanding middle class, luxury goods such as Swiss-made watches are gaining popularity.

time-read
2 分  |
November 16, 2024
An ENRiching Outlook
BW Businessworld

An ENRiching Outlook

KPMG's latest report shows energy CEOs being optimistic about the sector's outlook. ANISH DE, Global Head, ENRC, KPMG speaks to BW Businessworld's Arjun Yadav on what's driving this confidence

time-read
2 分  |
November 16, 2024
Paving the Path to a Sustainable Future
BW Businessworld

Paving the Path to a Sustainable Future

Salesforce's ESG journey has made an impact beyond the company. SUNYA NORMAN, SVP of ESG Strategy and Engagement at Salesforce, shares more on how the tech giant integrates sustainability into its core operations, supporting global goals while empowering employees

time-read
2 分  |
November 16, 2024
LEADERSHIP TRANSITION AT XIAOMI INDIA
BW Businessworld

LEADERSHIP TRANSITION AT XIAOMI INDIA

Xiaomi India is experiencing a leadership evolution, beginning with Muralikrishnan B's departure as President by the end of 2024. This change underscores Xiaomi's shift towards nurturing local talent amidst dynamic global shifts. The story tracks key transitions from Manu Kumar Jain's leadership to Muralikrishnan B's impactful tenure, along with recent strategic hires, highlighting Xiaomi's alignment towards market adaptability and consumer focus

time-read
3 分  |
November 16, 2024
WEAVING SUSTAINABILITY
BW Businessworld

WEAVING SUSTAINABILITY

Once a modest home textile manufacturer, Jindal Worldwide has evolved into a vertically integrated textile powerhouse, spanning critical segments of the yarn and fabric value chain

time-read
1 min  |
November 16, 2024
FORCE FOR GOOD
BW Businessworld

FORCE FOR GOOD

FY24 saw capacity expansions for Century Enka in nylon and polyester segments, along with investments in modernisation, renewable energy, and safety initiatives

time-read
1 min  |
November 16, 2024
REIMAGINING TOMORROW
BW Businessworld

REIMAGINING TOMORROW

For V-Guard, tomorrow signifies progress, driven by today's actions, setting the foundation for future growth and value creation for all stakeholders

time-read
1 min  |
November 16, 2024