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Low carbon development path is the only one that will guarantee future prosperity for India says The Climate Group

The Climate Group founded in 2004 and with operations in Australia, China, Europe, India and North America is an independent, not-for-profit organization working internationally with government and business leaders to advance smart policies and technologies to cut global emissions and accelerate a clean industrial revolution. The group claim to be the world‟s most influential global coalition of major businesses, cities, states and regions that recognize the economic and environmental imperatives of taking decisive action now.

The Climate group claims that senior figures from Indian government and business, have backed a new report by them that describes how a low carbon development path is the only one that will guarantee future prosperity for India.

India’s Clean Revolution makes the compelling argument that by prioritising low carbon development now, India is creating a better, more secure, and more prosperous future for its more than one billion people.

The information brought together in India’s Clean Revolution shows that enormous potential exists for generating new income and jobs by developing domestic renewable energy resources and clean technologies that improve the efficiency of key sectors such as transport and industry – saving energy and money.

This is not something new, as most readers of  Panchabuta are well aware of  National Action Plan on Climate Change. A broad objective that we have set is to reduce the emissions intensity of our GDP by 20% between 2005 and 2020. We have already launched seven missions in the following areas. These include: energy efficiency, solar energy, sustainable habitat, water, sustaining the Himalayan ecosystem, agriculture and strategic knowledge for climate change. We will shortly launch the last of the 8 National Missions under the Plan, which is called Green India, which will result in the regeneration of 6 million hectares of degraded forest land.

Further the  Prime Minister, Dr. Manmohan Singh has already said that  the Twelfth Five Year Plan which will cover the period 2012-2017 will focus on specific initiatives needed to put our development on a path consistent with low carbon growth. Energy efficiency and exploitation of renewable energy sources will receive a special emphasis he has said.

Shri Jairam Ramesh, Minister of State for Environment and Forests, Government of India, said: “There is no contradiction between India‟s environmental and its developmental imperatives. This new report charts India‟s progress on low carbon development and shows the exciting possibilities for new partnerships, growth and jobs. It highlights the many areas where Indian companies – in partnership with government and civil society at all levels – are already taking advantage of low carbon opportunities.”

At the launch event in New Delhi, Mark Kenber, CEO, The Climate Group, said: “The writing is on the wall – there is no such thing as a secure, high-carbon, low-cost future in India or anywhere else. Only a clean industrial revolution can guarantee long-term prosperity for any nation and nowhere is this truer than in India. The good news is that the low carbon economy offers huge economic opportunities and that political and business leaders are already working together to ensure that an Indian clean revolution is now underway.”

A low-carbon development path will lead to increased energy security for India – a prerequisite for sustainable growth. India‟s coal imports could increase sevenfold by 2030 (IEA), making it vulnerable to external price changes, but blessed with ample wind and solar resources, the Indian Government is cultivating a blossoming clean energy industry.

A key player in the Indian energy market, Suzlon is fast becoming a world leader in the sales of wind turbines. Tulsi Tanti, Chairman and Managing Director of Suzlon Group, said: “Suzlon has been a leader in the clean industrial revolution we see happening in India. There are now great opportunities for forward-thinking Indian businesses, in both the domestic and international markets, in building solutions to the challenges of climate change. As the first Indian member of The Climate Group, Suzlon will continue to work to unlock further finance, encourage increasingly ambitious policies and develop the technologies needed for India‟s low carbon development.”

With India looking at a reported USD 1 trillion investment in its infrastructure sector during its twelfth five year plan period, the Indian economy is at a crossroads in its economic development. India must avoid the developed world model of high cost, high carbon development and instead chart a new low carbon pathway based on energy efficiency and energy security.

Dr Kirit Parikh, Former Member, Planning Commission India, said: “India has the opportunity to leapfrog the efforts of more developed economies by deploying newer, cleaner technologies. We have the capabilities, and the benefits to India in seizing this opportunity now will be transformational – India‟s Clean Revolution will mean sustainable growth in our economy and energy consumption.”

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