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Global Green Industrial Revolution & India's Role



  May 13, 2024

Global Green Industrial Revolution & India's Role



1. What is the Green Industrial Revolution, and why is it crucial?

● A global shift towards sustainable industrial practices, embracing clean energy, efficient technologies, and sustainable resource use.

● It's essential to combat climate change, reduce pollution, and create a more equitable and prosperous future.

2. Why are critical minerals like lithium, cobalt, and graphite essential?

● These minerals are the building blocks for renewable energy technologies (batteries for electric vehicles, solar panels) and many other high-tech products.

● Their availability is vital for the success of the Green Industrial Revolution.

3. Which countries are major players in critical mineral supply, and how does this impact the global order?

● Chile, Australia, DRC, China, etc., hold significant reserves.

● Competition for these resources, especially between the U.S. and China, can lead to geopolitical tensions and potential supply disruptions.

4. How is India involved in the Green Industrial Revolution?

● India is heavily investing in renewable energy, particularly solar and wind power.

● It's also developing its electric vehicle (EV) market and energy storage solutions.

● India aims to be a global hub for green hydrogen production.

5. What challenges does India face in securing critical minerals?

● India lacks domestic reserves of some key minerals (e.g., lithium, cobalt) and relies on imports.

● This creates vulnerabilities in supply chains and can make the transition to green technologies expensive.

● India is actively seeking partnerships with other countries to secure mineral supplies and develop domestic mining capacity.

6. How is India trying to reduce its dependence on critical mineral imports?

● Investing in domestic exploration and mining, especially for minerals like lithium.

● Focusing on recycling critical minerals from used electronics and batteries.

● Developing technologies to reduce the amount of critical minerals needed in various applications.

7. What is India doing to promote sustainable practices in the green industry?

● Implementing strict environmental regulations for mining and processing.

● Encouraging the use of green mining technologies.

● Investing in research and development for sustainable materials and technologies.

8. What are India's future plans for the Green Industrial Revolution?

● Significantly increasing renewable energy capacity by 2030.

● Expanding the electric vehicle market and charging infrastructure.

● Boosting local manufacturing of renewable energy components and systems.

● Promoting research and innovation in green technologies.

Let me know if you'd like more information on any of these topics or want to explore specific examples of India's initiatives!



SRIRAM's




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