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China's green lessons for India

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CIOL Bureau
New Update

NEW DELHI, INDIA: With increasing energy adoption leading to hazardous environmental

impact, Greenpeace believes that innovation in R&D, collateral fund and national goal for renewable energy are the areas on which the government should draw a roadmap.

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Though the ministry of renewable energy suggests 10 per cent adoption by 2022, there is an instant need to put processes in place before it gets too late. As India’s energy demand is expected to rise to nearly 350GW by 2017, Greenpeace is batting for a legislation.

Charanjit Singh, AVP, Alternative Energy & Climate Change- Global Banking and Markets at HSBC, said that there are rising energy security concerns today. “It was for the first time that solar energy investments have increased the conventional energy,” he said at Decarbonising Economy organised by Greenpeace and Cybermedia in New Delhi.

Since there are many challenges it’s not easy to adhere to the government mandate. "The government should facilitate solar SEZs and the availability of land and water sources has become important to produce solar energy," Singh said.

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Suhas Nerukar, VP, Wipro Eco Energy, said that they have done solar installation projects in the state of Rajasthan, Gujarat and Tamil Nadu.

While Harish K Ahuja, president of Strategic and Corporate Affairs, MoserBaer, said that India should look at China which is now using natural resources of Africa.

“There is a need to change approach. The country needs to have a good policy in place, besides innovation in this domain,” Ahuja added.

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Vivek Vikram Singh, associate director, Strategic Services Advisory, Grant Thornton, said that the corporate sector plays an important role to initiate renewable energy awareness.

Sanjiv Gopal, head, renewable energy campaign (policy and investments), Greenpeace India,  said that fuel imports are in deficit. “We rely on oil imports while the demand is going up,” he said.

Greenpeace believes that different mechanisms need to be evolved but a regulatory framework is crucial. Highlighting one of the key challenges, Gopal said that the consumers would be reluctant to pay for solar energy, if they get conventional energy at a cheaper rate.

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