Value Of Cleantech Market Likely To Exceed Oil Business by 2030.

The most influential lesson the pandemic taught us over the past couple of years was about "rebuilding with sustainability." In order to accomplish this crucial goal, clean technology, or clean tech, has been playing a transformative role. Organizations are switching to cleaner resources, energies, and technologies as global emissions rise.
The International Energy Agency (IEA), which has emphasised the need for more expenditures in renewable energy for sustainable recovery, published some intriguing projections last year. According to the IEA's net-zero scenario, the global market for clean technology will be larger and worth more than the market for oil by 2030, growing from $122 billion to $870 billion.

The adoption of clean technology, according to experts in India, is crucial for fostering equitable growth and a green recovery in the nation as it continues to deal with the COVID-19 pandemic's effects.
Twenty percent of all startups in the nation are thought to be interested in various facets of sustainability. The development of clean technologies will be fueled by the emergence of new clean industries. One of the important markets for investors is India. With the government’s policy toward building a net-zero carbon economy in the decades to come, India has set ambitious targets for the sector.

According to Irfan Pathan, the co-founder and CEO of tech start-up Pi-Green Innovation, “We are seeing a gradual shift in the attitude of businesses towards the environment in general. However, there is a lot to be done and with the investment and urgency that is required, corporations need to be more proactive. The time has come for Suo motu adoption rather than regulation / mandate-based adoption of clean tech in any form, be it prevention or cure. The surge in clean tech start-ups in India also needs to be matched with the requisite awareness and action at all levels.”

"While sustainability has evolved into a strategic leadership priority for businesses across all industries, clean technology has not yet bridged the gap. The sector's current focus is on closing the innovation gap that has existed for the past ten years and accelerating adoption. The public and corporate sectors have both increased the pace of their efforts in this area as the challenging deadline of net zero by 2050 approaches", he added.