Report: Market-Driven Energy Efficiency in Industry
Identifying Barriers to CleanTech Deployment
India’s national manufacturing policy has set a target for the manufacturing sector to contribute 25% to India’s Gross Domestic Product (GDP) by 2022, up from its current contribution of 17%. Achieving this goal has major implications for energy and natural resource requirements, given that industry’s carbon intensity is 10x greater than any other industry.
Achieving the goal of both an expanding and cleaner manufacturing sector requires the adoption of new production technologies and processes by Small and Medium Enterprises (SMEs), which constitute 80% of all industrial enterprises in the country. But SMEs lag behind in adopting technologies that would reduce emissions, improve worker health, and save them money.