Sustainable Future Through Energy Efficiency & Renewables

Posted: 1 Mar 2014

Date Written: February 27, 2014

Abstract

Worldwide urban population is on the rise putting pressure on the basic energy needs. The administrators of leading cities have been trying to improve the energy efficiency, yet the demand continues to grow. Providing an acceptable of life quality of life is becoming a major challenge, not to mention about clean water, food sanitation and greenhouse gases etc. The focus has also shifted towards a sustainable future and communities are undertaking energy efficiency measures for the mitigation of climate change and energy security.

International initiatives on energy efficiency exist focused on assisting towns and cities with their greenhouse gas (GHG) emissions reduction and sustainability goals. Some of these initiatives include the ICLEI3 ‘Cities for Climate Change protection campaign’, the European Commission’s Covenant of Mayors, Architecture 20305, the Clinton Foundation’s C-40 Climate Change Initiative, The European Green Capital competition, the Low Carbon Communities of the Americas, that includes encouraging light coloured roofs and pavements to reflect back sunlight and the Carbon Neutral Network established by the United Nations Environment Programme (UNEP) to encourage countries, cities and businesses to reduce their GHG emissions and set varying targets with the long term aim to become carbon neutral (Cities, Towns & Renewable Energy - Yes In My Front Yard, 2009).

International initiatives on renewable include the CONCERTO10 initiative that was launched by the European Commission to support local communities develop projects based on demonstrating the environmental, economic and social benefits of integrating energy efficiency techniques together with renewable energy sources through a sustainable energy-management system operated on a community level. Improvements in technology have led to the development and deployment of renewable.

Purpose – The purpose of this paper is to highlight the global initiatives taken in the area of energy efficiency and renewable and will also focus on how India can take up such measure for a sustainable future.

Design/Methodology/Approach – The paper will take cases from the industry which have successfully implemented the initiatives in the area of energy efficiency and renewable.

Findings – The paper would try to find out what initiatives can be taken by India for a sustainable future.

Research Limitations – The research is limited to secondary data only.

Practical Implications – The paper would try to highlight the practical implementation of these initiatives by India.

Originality/Value – The paper would give suggestions to policy makers.

Keywords: sustainable future, renewable, energy efficiency, greenhouse gases, climate change, energy security, energy management

JEL Classification: Q20, Q28, Q30

Suggested Citation

Arora, Surbhi, Sustainable Future Through Energy Efficiency & Renewables (February 27, 2014). Available at SSRN: https://ssrn.com/abstract=2402289

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