Actions taken today in the pursuit of environmentally sustainable and socially inclusive growth path in India stand to benefit more than 17 percent of the world’s population. A sustainable future for India carries an impact for the subcontinent and the entire world.
The world has seen tremendous economic growth over the last decades, which has led to poverty reduction and increased welfare for millions of people. Environmental sustainability and social inclusiveness are key to the resilience of these gains and continued growth. “Leaving no one behind” as we navigate a shift towards green economies must be woven throughout the growth and development agendas.
Renewable energy became the cheapest form of electricity in 58 emerging economies
last year. This year, the 11th Lazard’s Levelized Cost of Energy Analysis
(LCOE 11.0) showed that solar and wind energy generation costs (at $46 to $53 per megawatt-hour of generation) easily beat coal and gas (at $60-68).