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India’s role as the innovation leader for climate solutions
India's energy consumption at 7,143 KWH per capita is less than a 10th of that of the US at 78,754 KWH per capita and less than a fourth of the per capita energy consumption of China at 31,051 KWH per capita.
India ranks 3rd in the list of countries with the highest GHG emissions. / iStock photo
As a long-standing and active VC investor in India, I have had the benefit of seeing multiple cycles in India's VC ecosystem, as well as globally, over the past decade-and-a-half. Every frothy surge has been followed by a painful correction forcing hard lessons on investors, founders and the startups they built. But even through these ups and downs, India's entrepreneurial ecosystem has emerged stronger and more mature each time. There is an increased focus on building lasting, high-quality businesses with strong fundamentals. There is also an increasing aspiration to build solutions for the world and an unprecedented ability, more now than ever before, to deliver on that objective.
Within that context, ClimateTech presents some unique opportunities. India ranks 3rd in the list of countries with the highest GHG emissions, however, its GHG emissions per capita continue to be quite low as India's energy consumption at 7,143 KWH per capita is less than a 10th of that of the US at 78,754 KWH per capita and less than a fourth of the per capita energy consumption of China at 31,051 KWH per capita.
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