Thursday, November 29, 2012

Why India's green growth dream is turning into a nightmare | RTCC - Responding to Climate Change

India has maintained a very respectable average GDP growth rate of more than 7.5% since 2007, in spite of the recession in 2008 and slowdown in 2011. However, the growth story cannot stop here. The challenge is to further improve it and sustain.

The bigger challenge is to achieve it ensuring environmental sustainability or in other words achieve green economic growth.

With growing manufacturing sector, increasing mining, expanding infrastructure and scaling up power production, along with increasing responsibility to be pro-environment, India is at a really curious stage where its emissions could explode upwards or it could move heavily down the ‘green’ route.

Unfortunately, what’s worrisome in the recent times is that the challenges seem to be getting worse by the day as the efforts to achieve green growth is translating into a green versus growth issue.

Why India's green growth dream is turning into a nightmare | RTCC - Responding to Climate Change