Empowering India’s MSMEs for a Sustainable Energy Transition
India's commitment to reducing emissions intensity and achieving net-zero status by 2070 presents a monumental challenge and an equally significant opportunity. A critical player in this endeavor is the Micro, Small and Medium Enterprises (MSME) sector, which forms the backbone of India's economy, contributing nearly 30% of its GDP. However, this sector also accounts for 56% of India's total energy demand and a quarter of the industrial sector's energy consumption, resulting in approximately 110 million tonnes of CO2 equivalent emissions annually.As the projected energy consumption of the MSME sector is set to rise by almost 50% by 2030, addressing its energy efficiency and sustainability becomes paramount. Moreover, this sector plays a pivotal role in the nation's social development by employing around 110 million people. Therefore, aligning the growth of MSMEs…
