Union Power Minister Piyush Goyal cautioned on Monday that the global economy could slip into deceleration if efforts to promote green energy and reduce emissions are not quickened.
He spoke of the importance of 3Ds – de-carbonisation, more decentralisation and greater digitisation – at length.
“With each passing day, we are running out of time and we need to accelerate our efforts in coordination to promote clean energy and reduce greenhouse gas emissions. If we do not address these 3Ds, I am worried that the world might end up decelerating the global economy,” Goyal said addressing the 8th World Renewable Energy Technology Congress here.
He said India is taking steps on the global platform to address the challenge, which include the International Solar Alliance (ISA), the Mission Innovation, global engagements on rapid de-carbonisation of the energy space, the African Renewable Energy initiative and efforts by G20 energy ministers.
The past 10-15 years have seen a rapid decline in the quality of atmosphere due to increasing greenhouse gas emissions globally and it has become “probably the largest challenge” today, the minister said.
“Post the Paris agreement, the world as a whole has recognised that climate change is a serious issue and needs to be addressed globally in a mission mode,” the minister added.