Modi says huge market for clean energy technologies emerging in India
New Delhi, June 27, 2022
Prime Minister Narendra Modi today said a huge market for clean energy technologies was emerging in India and invited G7 countries to invest in research, innovation and manufacturing in this field.
"The scale that India can provide for every new technology can make that technology affordable for the whole world. The core theories of the circular economy have been an integral part of Indian culture and lifestyle," he said at the session on "Investing in a Better Future: Climate, Energy, Health" at the G7 Summit at Schloss Elmau in Germany.
The Prime Minister said it was generally believed that there was a fundamental collision between the developmental goals of the world and environmental protection.
"There is also another misconception that poor countries and poor people cause more damage to the environment. But, India’s history of over thousands of years completely refutes this view. Ancient India has seen a time of immense prosperity; then we have also tolerated the centuries of slavery, and now independent India is the fastest-growing big economy in the whole world.
"But during this whole period, India did not let its commitment to the environment get diluted even a single bit. 17% of the world’s population resides in India. But, our contribution of global carbon emissions is only 5%. The main reason behind this is our lifestyle, which is based on the theory of co-existence with nature," he said.
Modi said everyone would agree that energy access should not be the privilege of the rich only and a poor family also has the same rights on energy.
"And today when energy costs are sky-high due to geopolitical tensions, it is more important to remember this thing. By taking inspiration from this principle, we delivered LED bulbs and clean cooking gas door-to-door in India and showed that millions of tons of carbon emissions can be saved while ensuring energy for the poor.
"Our dedication to our climate commitments is evident from our performance. We have achieved the target of 40 per cent energy-capacity from non-fossil sources nine years before time. The target of 10 percent ethanol-blending in petrol has been achieved five months before time. India has the world's first fully solar power operated airport. India's huge railway system will become net zero in this decade.
"When a large country like India shows such ambition, other developing countries also get inspiration. We hope that the rich countries of G7 will support India's efforts," he said.
Modi recalled that he had alled for a movement called LIFE – Lifestyle for Environment – in Glasgow last year.
"This year on World Environment Day, we launched the Global Initiative for LiFE campaign. The goal of this campaign is to encourage an eco-friendly lifestyle. We can call the followers of this movement Triple-P, that is, 'pro planet people', and we should all take the responsibility of increasing the number of Triple-P people in our own countries. This will be our greatest contribution to the coming generations," he said.
Stressing that human and planet health are interconnected, the Prime Minister said India had adopted the approach of one world, one health.
"During the pandemic, India found many creative ways to use digital technology in the health sector. G7 countries can help India to take these innovations to other developing countries. Recently we all celebrated the International Day of Yoga. In times of the COVID crisis, yoga has become a great tool for preventive health for people all over the world, this helped many people to maintain their physical and mental health.
"Apart from yoga, there is a valuable asset of traditional medicine in many countries of the world including India, which can be used for holistic health. I am glad that recently WHO decided to set up its Global Centre for Traditional Medicine in India. This centre will not only become a repository of different traditional medicine systems all over the world but will also encourage more research in this area. It will benefit all the citizens of the world," he added.