The level of pollution in Delhi has increased alarmingly. Toxic air and smog have affected the lives of citizens, due to which the discussion about solutions like clean energy and green fuel has again intensified. Let us understand how beneficial this solution will be for India’s economy along with health and also know which sectors currently have opportunities from investment point of view.
Pollution is affecting the economy
The Department of Economic and Policy Research (DEPR) of the Reserve Bank of India said in its report based on the financial year 2022-23 that the loss of labor hours by 2030 due to heat web, climate change and humidity will be 4.5 percent of India’s GDP. will be. Same is the case with the damage caused by pollution.
The states including Delhi-NCR are in bad condition due to pollution. There are many restrictions from construction to use of diesel vehicles. This strictness directly impacts the economy. If we understand it in simple words, then due to increase in pollution many works are banned, due to which their cost automatically increases. Along with this, due to less work in cities, laborers migrate, due to which the cost of labor increases.
What is the option to deal with this?
Options like electric vehicles (EV), hydrogen fuel, CNG, auto LPG and bio-CNG can prove to be very effective in reducing pollution. These fuels will not only reduce emissions but will also reduce the country’s dependence on energy resources. Companies like Static and Vidyut are investing in EV charging infrastructure and battery technology in India. Static has installed more than 7,000 charging stations so far and aims to take it to 20,000 by 2025.
At the same time, solar energy is being used to make the EV charging network more sustainable. Companies like Trinity Touch are playing an important role in promoting clean energy through solar components. Hydrogen fuel cell is emerging as another important option. Its use provides a zero-emission solution, which can be an effective alternative to traditional fossil fuels in the industrial and transportation sectors. Advances in hydrogen technology could make it an important means to combat global warming.
Green energy is also better for investment
Talking about the last one year, Modi government also seems to be working rapidly on green energy. New investments worth crores of rupees are being made in this sector. The most important thing is that stocks related to green energy are also rising. According to the report of Yahoo Finance India, the green energy sector has given a return of 13 percent so far this year. Just look at the data of the recently listed share NTPC Energy. This share has given an excellent return of 20% since its listing.