46
2.12 New Opportunities
Opportunities come with challenges. According Charles Riley, CNN Business, climate change will affect the largest public sector companies and could cost them
nearly 1trillion USD. The other way, it provides an opportunity of 1trillion USD to
develop new environmental friendly products and services for those sectors.
According to Georgieva (2018) shifting towards a low carbon economy could create
65 million new low-carbon jobs. According to the International Labour Organization
(ILO), 24 million new jobs could be created by 2030 by shifting towards a greener
economy. ILO also predicts that ‘72 million full time job will be lost due to heat
stress by 2030’ if we do not shift towards a greener economy (ILO 2018).
India is vulnerable to climate change. India is investing more on the climate
resilient technology and sustainable ventures to protect its people and economy.
This new investment provides immense opportunity in the market to develop business which will in return create new jobs in the country to shift towards greener
economy and sustainable future. New business like e-waste companies, paper recycling industries, etc., are entering the market and providing new opportunities to the
present and future generations.
2.13 Conclusion
India is playing an important role in achieving the ‘Sustainable Development Goals’
(SDGs) by committing to reduce its GHG emission by 33–35% reduction in the
‘emissions intensity’ of its economy by 2030, compared to 2005 levels. But a review
of environmental concerns in India reveals several alarming trends of environmental
degradation in terms of increasing environmental pollution, increased consumption
of non-renewable resources, declining groundwater level, climate change, sea level
rise, disasters, land degradation, increased generation of waste, urbanization, industrialization, overpopulation and loss of dense-forests which is making it difficult to
achieve the committed SDGs. This is also affecting the economic growth of the
country.
India has the second highest population in the world and it consumes one-third
energy of the world. Majority of the energy in India is coming from bio-fuels which
increase the carbon footprint. So, India needs to switch towards more green energy
production and to develop more stringent and comprehensive management plans to
tackle the environmental degradation in the country. This would enable India to
achieve the committed SDGs. Environment Management Plans need to incorporate
surveillance and monitoring systems along with stringent fines and social awareness
programme.
P. K. Sikdar and S. Basu
2.12 New Opportunities
Opportunities come with challenges. According Charles Riley, CNN Business, climate change will affect the largest public sector companies and could cost them
nearly 1trillion USD. The other way, it provides an opportunity of 1trillion USD to
develop new environmental friendly products and services for those sectors.
According to Georgieva (2018) shifting towards a low carbon economy could create
65 million new low-carbon jobs. According to the International Labour Organization
(ILO), 24 million new jobs could be created by 2030 by shifting towards a greener
economy. ILO also predicts that ‘72 million full time job will be lost due to heat
stress by 2030’ if we do not shift towards a greener economy (ILO 2018).
India is vulnerable to climate change. India is investing more on the climate
resilient technology and sustainable ventures to protect its people and economy.
This new investment provides immense opportunity in the market to develop business which will in return create new jobs in the country to shift towards greener
economy and sustainable future. New business like e-waste companies, paper recycling industries, etc., are entering the market and providing new opportunities to the
present and future generations.
2.13 Conclusion
India is playing an important role in achieving the ‘Sustainable Development Goals’
(SDGs) by committing to reduce its GHG emission by 33–35% reduction in the
‘emissions intensity’ of its economy by 2030, compared to 2005 levels. But a review
of environmental concerns in India reveals several alarming trends of environmental
degradation in terms of increasing environmental pollution, increased consumption
of non-renewable resources, declining groundwater level, climate change, sea level
rise, disasters, land degradation, increased generation of waste, urbanization, industrialization, overpopulation and loss of dense-forests which is making it difficult to
achieve the committed SDGs. This is also affecting the economic growth of the
country.
India has the second highest population in the world and it consumes one-third
energy of the world. Majority of the energy in India is coming from bio-fuels which
increase the carbon footprint. So, India needs to switch towards more green energy
production and to develop more stringent and comprehensive management plans to
tackle the environmental degradation in the country. This would enable India to
achieve the committed SDGs. Environment Management Plans need to incorporate
surveillance and monitoring systems along with stringent fines and social awareness
programme.
P. K. Sikdar and S. Basu