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Abstract

To combat the growing challenges of global warming, India planned to invest in green technologies like setting up solar power plants, increasing forest cover in the country and unveiling the market for energy efficiency trading. India has been one of the fastest growing economies after China. The energy requirement of the country was increasing at higher rates. Thus, it was anticipated that the consumption of energy would increase at alarming proportions in the near future. This would further result in increased risk of more carbon emissions into the environment. The case discusses the pros and cons of going green, mainly its impact on the industrialisation and economic growth of the country. It remains to be seen whether investment in green technology would aid India to mitigate the increasing risk of global warming and also facilitate industrialisation which was vital for its economic growth.
Location:
Other setting(s):
2009

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Abstract

To combat the growing challenges of global warming, India planned to invest in green technologies like setting up solar power plants, increasing forest cover in the country and unveiling the market for energy efficiency trading. India has been one of the fastest growing economies after China. The energy requirement of the country was increasing at higher rates. Thus, it was anticipated that the consumption of energy would increase at alarming proportions in the near future. This would further result in increased risk of more carbon emissions into the environment. The case discusses the pros and cons of going green, mainly its impact on the industrialisation and economic growth of the country. It remains to be seen whether investment in green technology would aid India to mitigate the increasing risk of global warming and also facilitate industrialisation which was vital for its economic growth.

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Location:
Other setting(s):
2009

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