What is Clean Technology?
Posted July 26, 2008on:
It refers to any product, service or process that delivers value using limited or no nonrenewable resources and/or creates significantly less waste than conventional offerings .Area of focus of the Clean Technology sector include energy, water, agriculture, transportation & manufacturing where the technology creates less waste or toxicity
Sectors of application:
Renewable energy technologies
Wind Energy, Hydro energy, solar energy, energy from waste
Water Filtration, Industrial Air Pollution, Effluent treatment from Industries, Vehicular Pollution, Waste water treatment/ solid waste management
Technologies/ processes to improve the energy efficiency in households/ Industries
Clean Technology in Indian Context
Increasing focus on Environmental Management
Deterioration in Air quality due to vehicular emission & untreated Industrial smoke
Particulate Matter in major Indian cities >10 times the legal limit
Only 7% of the solid waste is treated
While 20% of waste is recyclable, 35% compostable, 35%-40% inert
Regulations pertaining to air and water pollution levels forcing industries/ government bodies to adopt cleaner technologies to meet the legal norms
Overdependence on coal & oil as a source of energy more than 90% of India’s energy requirement being met through Coal & Crude Oil
Carbon emissions in India has grown by 65% over the past five years (2nd highest growth next only to China)
Innovations in microelectronics, biology, chemistry & physics have improved performances of clean technologies
Sustainable Development imperative
Recognizing the need to balance the environmental, economic and social interests
Through adoption of clean, affordable, and resource efficient technologies
Changing Political winds
Recognition by the Governments that future competitiveness is directly linked to being more resource efficient
….And Most importantly….
Vast new business opportunities presented by the Cleantech revolution
Forward seeking entrepreneurs coming ahead to develop and commercialise many clean technologies
Trend driven by improvement in technology leading to decreasing costs
More and more projects becoming commercially viable vis-à-vis conventional Technology
Specific opportunities exist in the following sectors
Industrial Pollution Abatement
Water Supply & Sanitation
Environmental monitoring & measuring
How big is the business opportunity in greentech today? Are there any estimates about the Indian market?
The cleantech markets may dwarf the IT markets by orders of magnitude
—$trillions versus $billions.
For sustainable India’s growth story to continue, India needs two things
— Energy and Human capital.
The government has recognized this and has aggressively invested in both these sectors. There is a great opportunity for public-private partnerships to foster innovation and move India to the forefront of cleantech. And India could do the same in the energy sector as it has done in the telecom sector. India leapfrogged generations of technology in the wireless telecom infrastructure.