The most recent sustainable development report from the United Nations Sustainable Development Solutions Network shows a troubling metric for India. The country ranks 109 with a score of 64.0 on the Sustainable Development Goals (SDGs). India is facing a climate crisis marked by disasters such as the Wayanad landslide, claiming 200 lives, and the Joshimath land subsidence, displacing many. Extreme heat gripped the nation, with temperatures surpassing 50 degrees Celsius in some regions. Meanwhile, Delhi’s air quality plummeted, with the Air Quality Index (AQI) exceeding 500 due to local emissions and stubble burning.
A 2024 HeatWatch report revealed over 700 heat-related deaths this year and over $56 billion in damages from weather-related disasters in India between 2019 and 2023. Without urgent climate action, 45 million people could be displaced by 2050 due to slow-onset impacts, warned the Climate Action Network, South Asia.
To deal with the escalating climate crisis, the Paris Agreement seeks to limit warming to 1.5°C, requiring emissions to peak by 2025 and decrease by 43 per cent by 2030.
These pressing challenges highlight the urgent need for decisive action to combat climate change and safeguard vulnerable communities. They also demand a more collective and comprehensive approach for a sustainable future.
The silver lining is that India is taking several steps to combat these issues.
Robust Initiatives
The government has undertaken several initiatives to promote renewable energy (RE), particularly solar and wind power. These measures encourage industries to shift from conventional coal-thermal energy sources to more sustainable options. As of 30 June 2024, the country boasts an installed solar photovoltaic (PV) capacity of 85.47 gigawatts (GW) and a wind power capacity of 46.65 GW.
Denne historien er fra October 19, 2024-utgaven av BW Businessworld.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra October 19, 2024-utgaven av BW Businessworld.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
'Committed to helping India achieve carbon neutrality'
R. Purushothaman on how Danfoss India, part of Danish MNC, is supporting the nation's carbon neutrality goals with innovative products
INTELLECTUAL DEPTH & ACTIONABLE INSIGHTS
Anil K. Khandelwal is a transformational leader, who invites readers to rethink leadership as a journey rather than a destination. In The Gym of Leadership, he emphasises that helmsmanship is not a badge of authority but a commitment to creating a positive impact, says Srinath Sridharan
AN INDUSTR BENCHMAR
The MacBook Pro M4 doesn't just set the bar for laptops-it becomes the bar. With unmatched performance, breath-taking design and incredible endurance, Apple's latest offering redefines what a laptop can achieve, says Sahil Mohan Gupta
The drip of good health
IV therapy seems to be a popular procedure with people in pursuit of good health and glowing skin. We spoke to medical experts about aspects to keep in mind before walking into a wellness centre to get that drip.
"MACARONS FOR THE MASSES"
CHANDNI NATH ISRANI, the driving force behind Ladurée's India expansion, redefines luxury in the F&B sector. With four flourishing Ladurée outlets established since 2021, Israni is making iconic French pastries and delicacies accessible to the Indian market. BW Businessworld sits down with the visionary entrepreneur to discuss her journey in building the luxury brand and her strategy for democratising gourmet experiences
NAVIGATING THE PATH TO PROFITABILITY: A STARTUP'S BALANCING ACT
WHEN EVALUATING startup profitability, it’s crucial to break it down into two main components: unit economics and fixed costs. Unit economics refers to the profitability of delivering each singular order, which involves analysing transaction margins against costs incurred, such as delivery and payment gateway fees. This assessment helps gauge whether a business model is sustainable at a micro level.
THE HOLY GRAIL OF PROFITABILITY
Profitability for startups is elusive, often overshadowed by growth and investor expectations. Achieving profitability requires a delicate balance between revenue generation and cost management, with factors like market dynamics and competition playing significant roles
"WE ARE FOCUSED ON BUILDING A RESILIENT AND SELF-SUSTAINING SEMICONDUCTOR ECOSYSTEM"
S.KRISHNAN, Secretary of the Ministry of Electronics and Information Technology, outlines India's ambitious plan to build a resilient and globally competitive semiconductor industry through the India Semiconductor Mission
Shaping the Future of Cyber Risk Management
With its mission to advance cyber risk quantification through the FAIR (Factor Analysis of Information Risk) model, the institute empowers businesses to align cybersecurity with broader objectives using structured, data-driven insights. Managing Director TODD TUCKER discusses how the institute’s methodologies and community-driven approach are reshaping industry standards worldwide, including growing interest in India and Asia Pacific
THE PILLAR OF A RESILIENT DIGITAL FUTURE
The rapid evolution of digital technologies has transformed the world, driving unprecedented connectivity and innovation. Yet, as the digital realm expands, so do vulnerabilities, with cyber threats emerging as critical challenges for businesses, governments and individuals
