India poised for leadership position

Rajiv Tikoo
Posted: Monday, Jul 28, 2008 at 0010 hrs IST
Updated: Monday, Jul 28, 2008 at 0010 hrs IST

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Benga project in Mozambique to yield premium coal ...Indian projects win 'Green Oscars'

: not only in India, but all over the world.

While the government policies and intervention have laid down the basic framework for a low-carbon e conomy, it’s the corporate sector that is leading the charge with help from Clean Development Mechanism. The attraction of earning additional revenues from carbon credit sales has spurred the likes of the Ambanis, Tatas and Mahindras to announce investment plans in wind farms.

Corporate sector is not only looking at renewable energy for diversification, but even mainstreaming it by integrating generation of renewable energy into its non-energy business operations, particularly in villages. While DESI power and Selco are selling clean energy products and services to villagers, a company like Reliance Industries has developed its farm-to-market model in such a way that it provides for of setting up of 1-2 mw solar power plants in villages to run its rural food processing centres.

The report authored by Fulbright scholar Alexis Ringwald and edited by Malini Mehra of Centre for Social Market, not only gives an insight into the trends but also makes a strong case for positioning renewable energy as a solution to the problems of climate change, energy security and economic slowdown. It does not stop there. Emphasises the report, “The seven trends…provide a glimpse of exciting developments to come, and reveal that with continued policy support, investment, and technological innovation, India could become a global leader in renewable energy.”...

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