India ahead of US on energy efficiency: Report
March 18th, 2011 - 12:33 am ICT by IANSNew Delhi, March 17 (IANS) India is making more progress than the US in increasing the country’s energy efficiency, a report said here Thursday.
‘India’s Clean Revolution’ was launched by international NGO The Climate Group (TCG).
The report suggested that the rate of increase of India’s private investment in clean energy will be 736 percent over the next 10 years, three times that of the US or China.
Further, low cost labour and highly skilled manufacturing base will make India a major hub for clean technologies.
“Only a clean industrial revolution can guarantee long term prosperity for any nation and nowhere is this truer than in India. The low carbon economy offers huge economic opportunities,” TCG’s chief executive officer Mark Kenber said.
“Our government has been bold in setting low carbon policies and we are now starting to reap the benefits. A low carbon development path will lead to increased energy security which is a prerequisite for sustainable growth,” former minister of energy and environment Suresh Prabhu said.
Kirit Parikh, former member of the Planning Commission, was of the view that India could very easily leapfrog more developed economies by deploying newer and 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,” he said.
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- Experts deliberate on roadmap to lower emissions - Jan 20, 2010
- UN calls for technological revolution or 'major planetary catastrophe' - Jul 06, 2011
- Growth in Asia at high environmental cost: UN - Sep 19, 2011
- Durban climate talks: What it means for India? - Dec 15, 2011
- Create green economy in five years, avoid catastrophe: WWF - Oct 19, 2009
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- Expert group formed to prepare roadmap to low carbon economy - Jan 08, 2010
Tags: carbon development, carbon economy, chief executive officer, clean energy, climate group, development path, economic opportunities, efficiency report, energy and environment, energy consumption, energy efficiency, energy security, industrial revolution, international ngo, minister of energy, planning commission, prerequisite, private investment, sustainable growth, term prosperity