Saying that climate change is not just an environmental issue, but a comprehensive economic issue, CEEW chief Arunabha Ghosh has said that India should use opportunities and challenges generated by new disruptives as for permanent development for liver Should move forward.
“Whether it is Artificial Intelligence, Quantum Computing, Synthetic Biology and Green or Clean Tech, these are new distributors and we should ride this tiger in a way.” On Friday.
Ghosh said that the members of the WEF are now recognizing climate risks and comprehensive environmental risks as one of the major business and economic risks.
“In the next ten years, the ten risks are related to either climate change or biodiversity loss or extreme weather events. It shows that climate change is not just an environmental agenda, but an agenda of a business and economy, “He said.
He said that for a comprehensive business agenda, this means that some new things that need to happen, they said.
Explaining his point, Ghosh said that it is not much about the deployment of clean energy and renewal, but deep integration of renewable items in a comprehensive energy system, greater electrification of the economy, electrification of industrial processes and grid of grid Balance that we can absorb more renewal.
In addition, the world needs to work towards industrial stability, such as how you make things with less things, how footprints are not in the case of carbon, but water along with other resources, land, land , There are also minerals etc., he said. He said that these things can define how the industry can promote a circular economy of resources and be more durable while being able to make money.
Talking about energy, land, food, water, he said that resources are limited and the same land can be used to produce agricultural production or solar plant.
He said, “Water is required for agriculture and also for green hydrogen production, so how we understand the complexity of this Nexus issues. This is another issue that is going to affect business decisions,” he said.
“And then, a major concern is the financial nature of these risks. Extreme weather events have hundreds of billions of dollars of economies every year,” he said.
Ghosh said that there is a lot of insured in developed countries, even though insurance companies are struggling.
“A lot of disadvantages in developing countries are really uncontrolled. The more we grow and the more we develop, the infrastructure produced will require insurance and flexibility, the type of climate shock we are going to face Or are already facing and it is financial implications, ”he said.
“When we see this in this context, environmental risk is dominating the agenda as well as how new complications and issues are emerging on the business agenda,” he said.
On the front of India, Ghosh said that a lot of work is already being done and some measures declared by the government are really encouraging.
“What is India doing on renewal and above, we had already received an important mineral mission in India, which was announced a few months ago, there is a steel mission to defeat the footprint of our steel industry, while also this too Ensure that we remain competitive. Green is hydrogen but we have challenges to buy this hydrogen.
“Another thing that is encouraging is that now a focus on focusing a focus to define an classification, rules, standards has been focused on whether green is green, what climate is favorable, what Clear is the disappearance of the investor certainty or it is confused without it.
He also appreciated what India is doing in the context of domestic manufacturing of clintech products and trying to make India an alternative center for technology development as well as manufacturing for manufacturing.
“If you take a solar panel, now we are very dependent on the import of solar panels from some countries. But if you break a solar panel, you will see many different components and some of them, first in India There are competitive advantages from itself, “he said.
For example, various types of electrolyzers and technologies in hydrogen, we guess in CEEW that above 80% of those electrolyteers, technologies can be indigenous in India, Ghosh said.
He said, “This is not only the deployment of clean energy infrastructure, but is a financial ecosystem around it and the manufacturing ecosystem around it is the way to move forward with the next generation activities in the low carbon location Trying, “he said.
Ultimately, the climate policy is rapidly affecting the industrial policy and rapidly affecting the industrial policy by geopolitics and geology, saying that on the differences between countries to deliver climate targets.
“So, I think we have to find new ways to rebuild the trust and not only within the narrow scope of climatic dialogues, but also the widespread scope of such flexible, reliable, safe global economy that we all build together Trying and is interested in it, “he said.
On India’s climate goals and its achievements, Ghosh said that India has repeatedly shown that this ambitions are obtained before the date of advancing.
“We have to invest in future techniques and future economy. Therefore, for India, low carbon infection is also an economic growth and economic change agenda, rather than a de-goth agenda,” he said.
“So, we grew to grow but we got to grow continuously and as much as we doubled and fell down on future technologies and businesses, more likely we are more likely that we have pole conditions in some of these areas Can take, “he said. ,
On his expectations from the Union Budget, he said that the final budget announced the important mineral mission, among other measures.
What we should see in the budget is not just a personal regional goal that occurs from time to time, but how we include climate and comprehensive economic risks in our overall economic agenda.
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