In recent years, India has emerged as a leading player in the global fight against climate change. With an increasing focus on sustainability, the country is fast becoming a hotbed for climate action. Cleantech plays a crucial role in mitigating climate change by reducing greenhouse gas emissions and enhancing carbon sequestration. Renewable energy technologies, energy-efficient practices, and sustainable land use strategies help to mitigate the impacts of climate change, such as extreme weather events, rising sea levels, and disruptions to ecosystems and livelihoods.
Cleantech refers to the use of technology towards innovations in reusing, sustainable power sources (solar, hydropower, wind energy, biofuels), green construction, electric vehicles, lighting, etc. India’s cleantech sector is forecasted to emerge as the fastest-growing segment. By 2030, the value of cleantech could surpass that of oil.
Addressing today’s energy challenges, the government is calling for $2 trillion in investments in clean energy by 2030. India’s market potential, including batteries, wind, and solar photovoltaics (PVs), could reach $41 billion by 2040. This transition, dubbed ‘the big switch’ of the century, marks a shift from reliance on oil and gas to cleaner energy alternatives.
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Denne historien er fra March, 2024-utgaven av Beyond Market.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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PRUDENT PRACTICES
Banks worldwide navigate a complex balancing act, steering economies toward growth while safeguarding financial stability through thoughtful management of interest rates and credit risks
RETAIN ROULETTE
Inexperienced investors spin the market wheel, chasing dizzying valuations and risking a bubble burst
UNRAVELED THREADS
Bangladesh's crisis disrupts global textiles, offering India a potential opportunity, but production constraints limit its gains
PASSING THE BATON
Succession planning helps ensure uninterrupted leadership
RISKY BUSINESS?
SEBI's efforts to protect retail investors from derivatives market risks could inadvertently dampen market volumes
INFLATION-PROOF YOUR CHILD'S FUTURE
Inflation might be stealing your child's future, but children's mutual funds can be their superhero
EMBRACE UNCERTAINTY, SAYS MARKS
Howard Marks urges investors to embrace uncertainty, long-term thinking, and focus on controllables, shunning in his memo “The Folly of Certainty”
IMPORTANT JARGON
70% OF INDIVIDUAL INTRADAY TRADERS IN THE EQUITY CASH SEGMENT MAKE LOSSES, FINDS SEBI STUDY
AN ASCENT T'O NEW HEIGHTS
The IMF predicts India's economy to reach 55 trillion by 2047, driven by various economic indicators showing positive growth and government initiatives
CARRY TRADE CRASH: GLOBAL MARKETS REEL
Japan’s Policy Shift Sends Shockwaves Through Global Markets, Including India, as Yen Carry Trade Disintegrates
