From EVs to Sustainable Agriculture: Investing in India's Climate Solutions
At the Tech and Innovation Summit hosted by Entrepreneur Media in Bangalore, a pivotal panel discussion titled "Investing in Cleaner Technology: The Role of VCs" convened a diverse array of investors to delve into the burgeoning landscape of climate technology. As the term implies, climate technology encompasses a broad spectrum of innovations aimed at curbing greenhouse gas emissions and mitigating environmental impact. This session illuminated the pivotal sectors driving India's transition towards sustainable practices, from supply chain optimization to energy transition and sustainable agriculture. With insightful perspectives shared by industry leaders like Swapna Gupta from Avaana Capital and Ankit Kedia from Capital A, the discourse underscored the pressing need for strategic investments in climate-resilient infrastructure. Against the backdrop of India's ambitious clean energy targets and the burgeoning solid waste management sector, the conversation pointed towards a future where technological innovation intersects with environmental stewardship for the betterment of our planet. At the Tech and Innovation Summit in Bangalore, which Entrepreneur Media presented, a panel discussion titled "Investing in Cleaner Technology: The Role of VCs" brought together a variety of investors to share their opinions. The term "climate technology" encompasses a wide range of applications and technological advancements that are intended to reduce greenhouse gas emissions from various sectors and activities or to remove carbon dioxide that has already been released into the atmosphere. Swapna Gupta, partner at Avaana Capital, says, "We try to look at what contributes to almost 90% of India's emissions and about 70% of GDP. Therefore, the supply chain, mobility, energy transition, resource management, sustainable consumption, and sustainable agriculture are the sectors that matter on the trip to climate pathways. Mobility and transportation, energy production and distribution, industrial processing and manufacturing, food, and agriculture, and the built environment have arisen as some of the important areas for climate technology. Ankit Kedia, Founder and Lead Investor at Capital A, shares, "The first significant investments made in climate change were in the EV and mobility sectors. Many OEMs, as well as individuals working on battery swapping, analytics, and the development of charging infrastructure, as well as those producing powertrains, challenged the established OEMs." With the help of several climate technologies, conventional high-carbon processes like chemical synthesis may be replaced without the use of fossil fuels or renewable energy sources. Some are designed to operate in concert with high-carbon processes that are already in place, such as those that seize carbon from industrial or energy-producing facilities. To reach its clean energy targets by 2047, India would need to invest an average of USD 350–400 billion yearly, according to a KPMG analysis titled "Pivoting to Leadership: Re-imagining supply chains for India's emergence as a credible alternative for global clean energy manufacturing." (Source: Google Images) Future Trends ~ The solid waste management sector in India is expected to expand rapidly in the next years as a result of several reasons, such as rising infrastructure investments for garbage management, growing urbanization, and improved public awareness regarding trash segregation. The government's Clean India Mission, or Swachh Bharat Abhiyan, has benefited the business by raising demand for waste management products. The Indian solid waste management market is expected to develop at a compound annual growth rate (CAGR) of 7.5% over the forecast period (2021–2026). Growing urbanization, rising waste management awareness, and rising infrastructure investments in waste management will all contribute to this expansion. In India, garbage production exceeds 62 million tons (MT) per year, according to research released by the Energy and Resources Institute (TERI). Only 43 MT of the entire rubbish produced is collected; the other 31 MT are simply dumped in waste yards, and the other 12 MT are processed before being disposed of. Most waste generated goes unprocessed and frequently goes unaccounted for. The nation's environmental and public health problems are mostly attributable to inadequate trash collection, transportation, treatment, and disposal. Kalambi adds, "We also consider the disposal of municipal solid waste." "We are examining business plans in which plastic recycling is being considered." ~ which altogether looks extremely positive for our Mother Earth!
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