Clean
tech’s world soon to become the center of gravity in emerging markets, confirms
Bhanu Choudhrie of C&C Alpha Group
The speed of economic change can be
overwhelming for those investing in the emerging markets. It offers huge
opportunities to the investors but at the same time it also poses some great
challenges. The social and cultural issues associated with changing markets
cannot be overlooked as growth is directly associated with it.
In the current scenario, Global warming
comes across as the greatest challenge for investors. With more than seven
million people dying prematurely due to environmental pollution, Global Warming
is now a major issue for emerging economies worldwide.
There is no doubt that global warming is the
biggest threat to human health but it also has the potential to become the
single biggest driver of economic transformation. Decarbonisation of economies
can affect the world in big way. It will not just affect the way we produce
power but also transform the way we grow food and live our lives.
Expressing his concern about global warming
and various environmental issues, Bhanu Choudhrie said, “It is
often said that the sins of developed economies, whose factories belched out
fossil fuels throughout the 20th century, are being visited on
emerging markets at the very point that they are experiencing stellar economic
growth for the first time. They are being required to decarbonise, just as
demand from a nascent, voracious middle-class is taking off.
It is quite fascinating to notice that the
innovation curve is moving east to west and north to south. Giving his opinion
about some dramatic shifts in approach coming from emerging markets, Achim
Steiner, Former Executive of the United Nations Environment Program said,
“Thailland advertises itself as a “sufficiency economy” and Bhutan talks of
“Gross National Happiness” –but these are not merely theoretical concepts,
these are national branding strategies which feed through to political
implementation”
Interestingly, we all have this concept
fixed in our minds that wealth and technology can make us independent. On the
contrary, we are more dependent on it than ever before. It is high time that
all of us realize that we need to protect nature in order to survive.