Clean energy must use the battery of a circular economy
In the Budget speech this year, the Finance Minister emphasised the role of cleaner technologies such as solar energy and batteries in India’s future economic growth. In addition, she mentioned the importance of transitioning to a circular economy from the existing linear one.
Need for Circular Economy
- Efficient waste management ecosystem-The call for a creation of a circular economy is significant since an efficient waste management ecosystem would be necessary to manage the enormous waste generated by renewable energy projects in the coming decades.
- Save from supply chain shocks-The prevalence of a circular economy could also partially insulate industries involved in renewable energy from potential supply chain shocks triggered by extraneous developments.
- Energy-A robust renewables waste management and recycling ecosystem could help people and India reduce environmental harm, provide energy security, and also create new jobs.