Cleantech Market Could Surpass the Value of Oil Market

The most powerful lesson that the global pandemic has taught us over the last few years is about 'rebuilding with sustainability.' Clean technology, also known as Clean Tech, has played a transformative role in achieving this critical goal. With global emissions on the rise, businesses are shifting to cleaner resources, energy, and technologies.
Last year, the International Energy Agency, which has been emphasizing increased clean energy investments for long-term recovery, released some intriguing estimates. According to the IEA's net-zero scenario, the global clean tech market will surpass the value of the oil market by 2030, rising from $122 billion to $870 billion.

According to experts in India, the adoption of clean technology is critical for building a green recovery and inclusive growth in the country as it continues to deal with the aftermath of the COVID-19 pandemic.
It is estimated that roughly 20% of all startups in the country are focused on various aspects of sustainability. New clean industries are emerging to fuel the growth of clean technologies in the future. India is regarded as one of the most important markets for investors.

With the government's policy of achieving a net-zero carbon economy in the coming decades, India has set lofty targets for the sector. This is reflected in the overall increase in awareness and efforts by Indian businesses to adopt clean technology.