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Energy Energy General

The #greening of India is good for the whole world

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by: Cindy Westland
The #greening of India is good for the whole world

Guiding India towards a ecological sustainable nation.

If we make efforts today to guide India towards an ecologically sustainable and socially inclusive nation, that will benefit more than 17 percent of the world's population, says Frank Rijsberman, director of the Global Green Growth Institute (GGGI). "A sustainable future for India has an impact on the entire world."At the Global Green Growth Institute (GGGI) our attention is drawn to the impressive economic performance of India and the progress made by the more than 1.32 billion people in terms of revenue and general well-being. With an annual GDP growth of about 7 percent, it becomes clear that this must be accompanied by a vision of sustainability and social inclusion. It must be our biggest priority.
A Indian woman cleaning solar panels in a rural area

Growth potential

Given the enormous growth potential of India, it is important to provide green solutions to support this growth rate. Green, low-CO2 solutions are of great importance in the development of services that provide clean water, sanitation and energy for everyone. This goes hand in hand with the guarantee of a resilient Indian ecology, the ability of the country to adapt to the effects of climate change and the possibility for the poorest people to also participate in economic activities and opportunities to do so. can grab.

As the third largest energy consumer in the world, India is making major efforts to improve access to energy

Policy choices are important for achieving resilient ecosystems. After all, strong and growing economies are seeing their energy needs rise. As the third largest energy consumer in the world, India is making major efforts to improve access to energy through programs that bring electricity to the countryside and supply households with electricity.

However, as energy consumption in India grows and the access to electricity of some 50 million extra families becomes reality, the government's decisions to strengthen the country's economy will have far-reaching implications for India's sustainability.

Innovative technology

The use of modern technology to keep greenhouse gas emissions in check can make a big difference in achieving inclusive and sustainable growth. The collaboration between the GGGI, the Metropolitan Transport Corporation in Bangalore, and other stakeholders to launch the first electric buses in India is a good example of how innovation at local level can produce positive results in terms of energy efficiency. The success of this project is in line with the Intended Nationally Determined Contribution (INDC), the efforts made by the country to reduce CO2 emissions and improve energy efficiency.

Successful green growth projects, such as the bus project in Bangalore, have an impact on at least two key areas: they are successful experiences and demonstrate the value of national governments that prioritize sustainability issues; and more importantly, they point to the benefits in the longer term and to the return on green projects. The latter is important because it can attract more investments and thus enable more growth.
#Electric bus with orange and while marking
Electric bus in India, Bangalore.

Solar energy

GGGI endorses the importance of financing programs that demonstrate the benefits of green technology solutions to power the country. We support the establishment of a debt fund for the realization of an energy sector alongside the electricity grid. We will continue to develop innovative funding models to convince more actors to engage, especially small and medium-sized companies that usually only see the enormous risks.

Development organizations and governments can work together to achieve their common goal. For example, India has taken a commendable step with the International Solar Alliance. Our experience has shown us that working together with various partners offers enormous advantages for electrifying a country, in particular to increase the presence of solar energy systems, even to the most marginal households.

At GGGI we see a healthy ecosystem when investors, lenders and development institutions share the financial burden. We therefore strive to increase the number of investors and funds that are committed to climate-proof investments. The New Climate Economy report confirms that the Investment Platform for Climate Action has attracted investors with a combined capital of 125,000 billion dollars. This can inspire governments around the world not to rely solely on budgetary resources.

Delivering green ambitions

The most important task today is to ensure that countries take daring measures to achieve the reduction of CO2 emissions. We encourage ambitious goals and provide support for their implementation. India attaches great importance to sustainability, technology transfer and capacity building. These are essential ingredients to realize the green ambitions. The International Solar Alliance is there to share knowledge.

GGGI will work closely with the countries within this solar alliance. We will share our knowledge and experience about sustainable energy with India and offer a platform where other countries in the region and the rest of the world can receive information. With these efforts and the support of governments to make green policy choices, we are proposing a sustainable, greener planet.

We have high expectations of the alliance but also see a sustainable future for India and for the world. Because sustainable growth definitely will accelerate through this global partnership.

By: Frank Rijsberman is director of the Global Green Growth Institute (GGGI). Cover photo: Scroll In

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Financial spider in the web. WhatsOrb is a company with stakeholders and interests in the Netherlands and abroad. Cindy continuously monitors the administration of the company and addresses in-and external issues. It’s done with panache and great enthusiasm. Gardening is one of Cindy’s activities when having free time.
Financial spider in the web. WhatsOrb is a company with stakeholders and interests in the Netherlands and abroad. Cindy continuously monitors the administration of the company and addresses in-and external issues. It’s done with panache and great enthusiasm. Gardening is one of Cindy’s activities when having free time.
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