Rabinder malik


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Rabinder malik

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