POWERING INDIA’S

GREEN ECONOMY
TEAM NAME = TEAM TRIPOD
TEAM MEMBERS : PRIYANSHU VATS
DIVYA SHARMA
GOURAV KUMAR
 WHAT IS GREEN ECONOMY ?

 A green economy is an economy that aims at reducing environmental risks and

ecological scarcities, and that aims for sustainable development without
degrading the environment.

 In other words , The term ‘Green Economy’ is an economic concept which

captures environmental, social, and economic dimensions. The concept implies
the need for economic growth while reducing unsustainable pressure on the
quality and quantity of our natural resources.

The 2011 UNEP Green Economy Report argues “that to be green, an economy must not only be efficient, but also fair.
 SECTORS OF GREEN ECONOMY

 Green economy is based on six main sectors:

 Renewable energy
 Green buildings
 Sustainable transport
 Water management
 Waste management

 Land management
 BENEFITS OF GREEN ECONOMY

 The green economy aims to:   A green economic system capable of: 

1. Reduce energy consumption;  Generating wealth;

2. reduce greenhouse gas emissions and the  Guaranteeing a good quality of life by reducing
amount of waste generated during the entire environmental risks and ecological scarcity;
life cycle of a product;
 creating jobs and eliminating poverty by
3. reduce the consumption of natural promoting well-being and social equity.
resources by increasing the efficiency of
their use;
4. ensure the conservation of biodiversity.
 TOWARDS A GREEN INDIA

 Although the past decade of rapid economic growth has brought many benefits to India,
the environment has suffered, exposing the population serious air and water pollution.

 A new report finds that environmental degradation costs India $80 billion per year or
5.7% of its economy.

 Green growth strategies are needed promote sustainable growth and to break the pattern of
environmental degradation and natural resource depletion. Emission reductions can be
achieved with minimal cost to GDP.
 INDIA : POSSIBILITIES OF GREEN ECONOMY

 In analysing debates on India‟s approach to developing a green economy, a dominant

and a counter-discourse is observed. The main premise of the dominant discourse is
that no trade-off exists between economic growth and environmental sustainability.

 Recently, India‟s economic development objectives provided a different perspective in

which opportunities for growth could be realised from developing a green economy.

 India can pursue both discourses, applying both market and scientific strategies in
developing its economy without compromising the environment. Report claims that
green growth will drastically change India‟s current economic paradigm, and
subsequently lead to prosperity and sustainability for all Indians.
 CURRENT SCENARIO OF GREEN ECONOMY IN INDIA

 Prime Minister Narendra Modi had proposed a five-fold strategy for India
to play its part in helping the world get closer to the 1.5 degrees Celsius
target in Glasgow at the 26th Conference of Parties (COP26) in
November last year.
 PM Modi had euphemistically termed the proposed scheme as
'Panchamrita', which means 'five ambrosia’.
 With this, the PM made a strong statement in line with the transition
towards a greener and more sustainable future for the country.
 The 'Panchamrita' targets include adding 500 GW of non-fossil fuel-based
energy capacity and meeting 50% of its energy requirements through non-
renewable sources.
 When we talk about sustainability, it's not only organic farming and electric
vehicles, but the topic of 'green economy' is also at the table.
 CHALLENGES OF GREEN ECONOMY

 For all countries, shifting to a green economy – one that sets the economy at the centre of
generating sustainable development – will require major economy-wide structural and
technological changes, or at least the „greening‟ of key sectors, such as energy, urban
infrastructure, transportation, industry and agriculture. It will also include „greening‟
investments nationally and globally, generating „green‟ jobs through new „green‟ sectors, and
supporting and facilitating „green‟ trade internationally through national and international
policies.
 Green economy-relevant funding is usually channelled through multilateral funds, such as the
Climate Investment Funds, and, starting from 2015, the Green Climate Fund (GCF), established
under the UN Framework Convention on Climate Change (UNFCCC). In addition, funds are
increasingly channelled through bilateral channels and national environment/climate change.
 CONCLUSION

 It can be concluded that given the majority share of unsustainable production and
associated technological characteristics, there is urgent need for a policy shift for
green reforms to enable India to achieve sustained and sustainable development.
There are, of course, discernible concerns like lack of aid flow and restrictive
environmental trade measures for developing countries like India while treading the
path towards Green Economy. However, rule-based multilateral policies and
observance of differentiated responsibilities at the international level by all countries
can mitigate most of these problems. Thus efforts in both the national and
International fronts are needed in true spirit.
THANK YOU