Karnataka becomes first Indian state to have green growth strategy

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Research
9 December 2014

Karnataka is first state in India to adopt a green growth strategy based on a new study conducted by the Bangalore Climate Change Initiative – Karnataka (BCCI-K) in partnership with the Global Green Growth Institute (GGGI).  The study outlines climate change adaptation strategies and provides recommendations on how the state can reduce carbon emissions.

The study was conducted over two years and included partners such as: The Centre for Study of Science, Technology and Policy (CSTEP); London School of Economics(LSE); Integrated Natural Resources Management Consultants; and the Indian Institute of Technology.

“This is a first comprehensive effort at developing a state-level green growth strategy in India, using sophisticated analytical tools and models. It presents a sectoral analysis of challenges and solutions for energy, agriculture, forestry and water sectors,” said Prasoon Agarwal, Senior Policy Advisor from GGGI's India Country Program.

The report identifies financial resources and suggests investment opportunities for the government, private sector and multilateral banks to encourage and enable the development of sustainable practices across sectors.

"The strategy was born out of recognition of the need for policies and measures to combat growing environmental concerns while maintaining, if not accelerating, the pace of social progress and economic growth. The Green Growth Strategy aims at meeting both the short-term and long-term objectives of economic growth and environmental sustainability" said Agarwal.

The report highlights that one of the major contributors to carbon emissions in Bengaluru is the transport sector and to mitigate its impact, the report recommends improving accessibility to mass transit (bus / metro / rail) through footpaths, pedestrian crossings, feeder services, intermediate public transport, signages and park and ride facilities.

A version of the article was first posted on Business Standard.

Sectors: 
Finance
Countries: 
India