In conversation with Mr. K S Venkatagiri, Executive Director of CII – Sohrabji Godrej Green Business Centre (CII-Godrej GBC) in Hyderabad, about India’s game plan to achieve Net Zero emissions by 2070.
How do you view fossil fuels demand in India in short to medium term i.e., 2030/2040?
India’s growing economy, focused industrial growth, urbanization – will all need fossil fuel to keep the show running. With this, in the near short to medium term, our primary energy demand will continue to be met through fossil fuels predominantly. However, the rapid increase and contribution of renewable energy to the overall energy mix cannot be overlooked. India’s climate efforts will play an important role in the global agenda of energy transition, alternate technologies, mobilizing cleaner fuels, and investments. While we already have an aspiring target of 450 GW of renewable energy capacity by 2030, India should also assess the growing energy needs of the country to ensure renewable energy will lead the energy mix of the country thereby steering the path towards achieving net zero carbon emissions by 2070.
What in your view is the future of green hydrogen in India?
Green hydrogen in India is a few steps away from becoming a reliant energy source. The country is presented with a favourable growth scenario for green hydrogen; policy support through the development of the National Hydrogen Energy Mission is just an instance. On the other hand, cost-competitive infrastructure, technology, and the resultant fuel, continue to remain as major barriers. Overcoming these barriers, will also encourage the manufacturing sector to adopt green hydrogen in its operations. Continued focus on innovation, the accelerated thrust for decarbonization, and the large investments occurring on hydrogen fuel across the country, will facilitate green hydrogen’s emergence as a future fuel, also catalysing progress towards India’s net zero targets.
Technology has a role in efficiency improvement in supply chain management?
Supply chain is the largest contributor to value chain emissions for several industries. Value chain decarbonization offers immense opportunities for companies to achieve their net zero carbon commitments. Focusing on supply chain technologies will provide the necessary competitive edge for companies by bringing in the much-needed transparency, efficiency, and collaboration in the value chain. Sustainable procurement practices, material and process efficiency, resource efficiency at the suppliers’ end, logistics optimization, design for environment, product take back and recycling are some decarbonization levers and without the role of technology, achieving the best of these levers is an impossible feat.
Are core industries in India technology savvy. What must be done in this direction?
Indian industry has come a long way in terms of its technology-friendliness. Several critical industries are expanding at a fast clip, and it only makes economic sense to go technology friendly. Artificial intelligence, 5G, 3D manufacturing, are all defining forces in this direction. The Indian cement industry for example, from being pioneers in adopting latest, innovative technologies, to addressing every aspect of operational efficiency, has emerged as the world leader in energy efficiency. Not just the cement industry, but our steel, petroleum, power, engineering, and every other industry is moving towards adopting the best of the technologies for overall efficiency improvement, each at its determined pace. Adequate exposure to new technology, cost effectiveness, and defined benefits can guide the industries in this direction.
K S Venkatagiri
CII – Sohrabji Godrej Green Business Centre (CII-Godrej GBC), Hyderabad
Mr. K S Venkatagiri is the Executive Director of CII – Sohrabji Godrej Green Business Centre (CII-Godrej GBC) in Hyderabad.
CII-Godrej GBC is CII’s Centre of Excellence on Green Practices & Businesses, offering world-class advisory services on conservation of natural resources.
He is leading a team of over 100 professionals, who are offering advisory services to Indian industry in areas of energy management, green buildings, green companies, green products, renewable energy and other related sectors.
He has been extensively involved in energy efficiency and other green movements in the country.
Mr. K S Venkatagiri holds a Bachelor of Technology degree in Chemical Engineering from Indian Institute of Technology, Madras. After an initial stint of six years in cement industry, Venkatagiri joined CII in1993.About InfEneTy
InfEneTy is a knowledge platform which showcases critical news, insights and features on contemporary and topical issues related to Infrastructure, Energy and Technology affecting the economy, industry sectors, business environment. The intent is to enable an association with the evolving scenario and be a catalyst for change. Help make InfEneTy better. Share your comments or connect with us at firstname.lastname@example.org