Top trends to profit from in 2022: Clean energy & pollution control

Home to 22 out of 30 most polluted cities in the world, India is the third-largest emitter of CO2. Since the country is on the path of urbanisation and industrialisation, there has been a continuous increase in the demand for power and consequently, the consumption of solid fuels, such as coal. In 2015, under the Paris Agreement for 2021-2030, India committed to reducing its carbon emissions by 33-35 per cent by 2030 from its 2005 levels. Besides, it has planned to achieve 40 per cent of its energy share from non-fossil fuels. India is now on its way to achieving the target. In the COP26 UN Climate Change Conference in November 2021, Prime Minister Modi promised to increase the energy share from renewable resources to 50 per cent by 2030 as against the present 40 per cent and achieve net-zero carbon emissions by 2070. Quite understandably, given all these, India's clean-energy initiatives have been getting more funding as compared to coal-powered projects. In addition to renewable energy, the foc