rabinder malik
Post on 12-Jul-2015
55 Views
Preview:
TRANSCRIPT
Workshop 2: TBLI and India, 15 Sept. 2011
INDIA’S SUSTAINABLE GROWTH – AN OVERVIEW
Rabinder N. Malik, TERI-Japan
1
Thanks
Happy to join Workshop on TBLI and India On a very timely and important theme of ESG
(Environmental, Social and Governance) and Impact Investing
I speak as Representative of TERI-JAPAN and also as a retired official of United Nations having served in different countries
2
Interconnected and Interdependent World in 21st Century
Whatever happens in India, with its huge population and rapidly emerging economy, has an impact on rest of the world, and vice versa
So to understand situation in India, we must bear in mind what is happening in the world
3
Contemporary Global Scenario
Ongoing global financial crisis Shift in power as new engines of global
growth emerge in Africa and Asia Revolutions and rebirth of democracy in North
Africa and Middle East Climate change Rising incidence of mega disasters
4
Rising demand for global energy
Global demand and competition for energy intensifying because of growing world population and rapidly emerging economies,
Oil prices fluctuating wildly and sources subject to political uncertainty
Because of these factors and global warming, future economic growth cannot follow fossil-fuel based path as in past
5
Emerging economies should not repeat mistakes of past
Developing countries need energy for basic needs for their people
They need financial and technological help to access energy options and enhance capacity to adapt to climate change
World must focus on investments in renewable energy sources, eco-friendly infrastructure, energy efficiency
6
Growing investment in renewables
Already positive developments showing increase of investment for Green Economy by 32%, more by developing countries
Also 120% increase in governments R&D allocations for clean energy development
Govts should provide incentives to make costs of renewables competitive
Advantages: Economic,Environmental,Social
7
ABOUT INDIA
Country of contrasts Rich or poor, all Indians have mobile phones,
swank hotels, skyscrapers, latest car models These are visible signs of India Huge numbers of poor people living in rural
areas and slums under terrifying conditions Inadequate infrastructure, red tape and
corruption are other problems
8
India-a developing country
– 3/4 of population has income of less than $ 2 per day;1/3 of population live in sub-human poverty
– 70% (approx) of rural household (more than 100,000 villages) do not have electricity.
– Per capita income – PPP US $ (WB, 2008 data)India 2,753 (1)
– China 5,345 (2)– Japan 33,525 (12)– USA 45,790 (16)
9
Still 300 millions Indians have no access to electricity
They use firewood, kerosene etc. for fuel In absence of central grid, rural poor depend
on aid programs to receive their first light Under TERI’s “LaBL” (Light a billion lives”,
solar lanterns are charged at village charging station and rented out to villagers at nominal cost; also green jobs for those who manage village charging stations
10
Need for higher focus on infrastructure development
– Envisaged investment of 1 trillion $ in – 12th Plan (2012-17), with nearly half from private
sector– Already nearly 500 million people living in urban
areas
Sectors – Power/energy, roads & ports, railways, telecom
11
India’s remarkable economic progress
For over a decade in 1990s, India achieved fastest economic growth benefiting Indians
Incomes increased, poverty has fallen, and industrialization accelerated
New middle class of 300 million people Their needs met by innovative and low-cost
products – because of concept known as “frugal” or Gandhian engineering
12
India – an emerging economic power
– By 2025GDP predicted to grow to $ 3-5 trillion – Population 1.4 billion– 67% (940 million) working age– 42% (590 million) below 25 years
13
Serious sustainable development issues
Rapid economic development Creating pressures on India’s natural resources
and environment Rise of GHGs due to reliance on fossil fuels
and rapid industrialization Impact of Climate change on monsoons Water scarcity, waste management, etc.
14
India’s National Action Plan on Climate Change (NAPCC)
NAPCC launched in 2008 to address climate change issues in a holistic manner
8 core “national” missions to promote development objectives yielding co-benefits to address climate change effectively
Solar mission to increase share of solar energy and other non-fossil fuels such as wind, biomass and nuclear energy
15
NAPCC - continued
After Fukushima nuclear disaster, India continues to use nuclear energy but with enhanced safety measures
Other objectives of NAPCC – energy efficiency, water use efficiency, waste management, expanding forest coverage, sustaining Himalayan ecosystem, clean coal and clean carbon initiatives
16
Involvement of Indian Business Community
Indian business community becoming increasingly aware of the power of ESG factors to influence international investments
“TERI-BCSD India”, an independent network of corporate leaders, identifying challenges and new market opportunities arising from implementation of NAPCC, with renewed responsibiliy to follow environment-related laws, standards and codes
17
Indian Business Community…..contd.
TERI-BCSD India also highlight actions to be taken by Govt. to ensure effective efforts by business to address national priorities
By investing in socially responsible activities, companies develop new markets for their products, build social support for their operations, and improve their reputation – both locally and globally.
18
top related