Strategic Initiatives

Intergovernmental Panel on Climate Change's Sixth Assessment Report has, for the first time in the three-decade history of its reports, dedicated an entire chapter to innovation and technological development. The immense potential of new technologies for climate adaptation and mitigation is being recognised by policymakers and investors alike.

India is among the top five leading countries in solar power installed capacity. Of India’s ambitious target of 500-GW RE capacity by 2030, over 292 GW is likely to be generated using solar power. This increase in installed capacity, while promising, also opens doors to massive waste streams and increased emissions. According to the Center for Study of Science, Technology and Policy’s (CSTEP’s) analysis, India is projected to generate approximately 4.5 million tonnes of solar photovoltaic (PV) waste by 2050.

Technology plays a crucial role in realising the sustainable development goals of India. In this context, the government has introduced various policies to support the indigenous development of technology and strengthen collaborations with foreign entities for technology sourcing and development. Time averaging of technology impacts has shown improvements in livelihoods, comfort, economy, and health. However, the advent of technology does come with some negative impacts.

India is now the eighth-largest lithium reserve country thanks to discovery in Jammu & Kashmir. This find has the potential to alter the speed of India’s decarbonisation. It puts India in much stronger position in the global critical materials trade, makes it attractive for investments in key forward-looking sectors.

There has in the last few years been a concerted push from policymakers and thought leaders in India to transition to a circular economy to, among other things, enable effective waste management. However, waste management in the solar photovoltaic sector still lacks clear directives.