Opportunities and Challenges For G-20 Countries Transition To Renewable Energy: Leadership Role of India

Authors

  • Binoy Krishna Choudhury Professor, Indian Institute of Social Welfare and Business Management, Kolkata
  • Nimai Sundar Manna Research Scholar, Dept. of Business Management, University of Calcutta, Kolkata
  • Piyali Sengupta Asstt. Professor and Coordinator, Indian Institute of Social Welfare and Business Management, Kolkata

DOI:

https://doi.org/10.33516/maj.v58i10.44-48p

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Abstract

The 21st century experiences the rise of average temperature of Earth’s atmosphere by an average of 0.08° C per decade since 1880. The rate of warming since 1981 is more than twice as fast: 0.18° C per decade as a result of climate change & global warming, which, as per evidence, is anthropogenic in nature and as such the energy sector happens to be its largest and yet manageable contributor for a transformation to a sustainable livelihood. World’s 77% of energy generation from primary sources took place in G-20 countries (including the latest inclusion of the African Union) which consumed 79% of world’s primary energy and contributed to 81% of emissions in the year 2022. It is also evident from the present study that deployment of renewable energy systems is the core of this transformation mission, calling upon India to play the leadership role through initiatives, such as, ‘One Earth One Family  One Future’, International Solar Alliance (ISA), Global Biofuel Alliance (GBA), Mission LiFE and so on.

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Published

2024-03-23

How to Cite

Choudhury, B. K., Manna, N. S., & Sengupta, P. (2024). Opportunities and Challenges For G-20 Countries Transition To Renewable Energy: Leadership Role of India. The Management Accountant Journal, 58(10), 44–48. https://doi.org/10.33516/maj.v58i10.44-48p

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References

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G20 (2023); Outcome Document and Chair’s Summary G20 Energy Ministers’ Meeting on July 22, 2023; http://www.g20.utoronto.ca/2023/230722-energy.html Accessed in September, 2023.

ICED (2023); India’s long term goal to reach Net Zero by 2070; India Climate & Energy Dashboard (ICED); Accessed https://iced.niti.gov.in/ on September 28, 2023

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UN-SDR (2023); Sustainable Development Rank by Countries; Accessed https://dashboards.sdgindex.org/ rankings on September 26, 2023

Other websites gainfully utilized in this study, being accessed during September 2023:

https://www.weforum.org/agenda/2022/12/ these-countries-achieved-net-zero-emissions/

https://greenamerica.org/green-economy-work/ could-world-be-powered-fully-renewable-sources

http://www.g20.utoronto.ca/energy/

https://isolaralliance.org/membership/countries

https://pib.gov.in/Pressreleaseshare. aspx?PRID=1762960 etc. 6. http://ujala.gov.in/

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