e India is currently experiencing a spurt in construction activities again after COVID-19 2.0. Highways, Over-bridges, under-passes, Malls, SEZs, and Housing Complexes are coming up in various parts of the country. This is putting strain on the environment and the ecology. Vast areas, which were under cultivation earlier, are turning into concrete jungles. The concept of environment-friendly or “green” buildings has not been picked up in the country. The shift from conventional construction to “green construction” is yet to materialize. This is basically due to cost considerations as well as a lack of dissemination of knowledge concerning its technology, technique, and materials. It is well acknowledged that buildings consume a major part of energy in construction and maintenance. They are responsible for about 25-40 % of energy consumption, 30-40 % of material resource consumption, 30-40 % of waste production, and 30-40% of the greenhouse gas released globally.
Inefficient and improper garbage disposal systems, shortage of water, and other civic services are imposing an unbearable burden on urban and city life. As Paris Climate Change Agreement was officially signed by all 196 participating nations signaling a global shift towards a low-carbon economy in the 21st century. Businesses should seize the opportunity to significantly adjust business models to move towards low carbon production, product-service systems, cradle-to-cradle design, and industrial ecology. Businesses can expect increasing regulation in regards to disclosure, transparency and carbon markets.
To meet regard growing demand for sustainable goods and services, businesses around the world are innovating and developing new ways of doing business. Indian businesses across all sectors must innovate and improve upon existing business practices to remain internationally competitive.
There is a huge opportunity for future focused business leaders as the globe transitions to a,the future-focused low-carbon future. The Paris Agreement allows individual countries flexibility in determining the carbon reductions and gives businesses a greater role in setting the agenda for a transition to a low-carbon future. This change from a ‘top down’ to a ‘bottom up’ approach has created significant opportunities for innovation, positioning, restructuring, and growth in new markets. Businesses have the opportunity to engage in dialogue with governments to enable achievement of commitments. Our expert consultants can help governments and businesses meet the challenges posed by energy security and climate change, while delivering sustainable solutions that maximize the benefits for our clients. We can provide expertise to not only in India but both developed countries and developing countries.
MR. DHIRAJ KUMAR SINGH