Last Tuesday US Trade Representative’s office announced its’s intent to remove India from Generalised System of Preference (GSP) and served a 60 days’ notice to India.
Businesses are living organisms given life by the team that tirelessly works towards a goal. With creative people being at the helm of such a venture, new changes in ideas, choices, and actions are given shape each day. This makes each business enterprise as complex as a life: growing, changing, learning and prospering. This characteristic also makes businesses unpredictable. Therefore, success in business always depends on the mutual efforts of the team behind the business, and a leader’s capability to understand his/her teammates.
In such a scenario, a leader is often torn between the ideologies of pushing the team to do more and inspiring the team to excel.
China’s policy shift, mega tender cancellations and policies levying taxes and duties on solar industry in India, feed-in-tariff cut in Japan have made 2018 the year of uncertainty for solar. However, surveys suggest that global PV solar installations will see nearly 18% rise in 2019, finally reaching and may be surpassing 100 GW capacity addition. Although, at the end of 2019, we would still be far from ‘0’ emission future, rising PV installation growth and emergence of new markets within developing countries will get us closer to that goal.
A blanket of CO2 has enveloped the world. And continues to deteriorate our climate. Frequency of heatwaves has increased, habitats have started to shift, spread of disease, raising sea levels and other not so subtle and often violent changes in the climate are now reality due to growing CO2 emission levels. Daily Global CO2 emission levels now stand at 406.47 parts per million. It is important to note that CO2 emission levels have never risen this high in last 400,000 years. Our fossil fuel usage is the primary reason behind this rise (80% of CO2 emissions come from fossil fuel combustion) that is presenting devastating changes within the environment. Fortunately, now the world is taking initiatives towards reducing the CO2 emission. However, the damage to the climate that we have done through decades of fossil fuel usage cannot be undone instantly; therefore, what the world needs is long term strategies to reduce carbon emission by adopting green energy and reducing fossil fuel usage.
Fossil fuel reserves are limited and are very close to depletion. The continuously shrinking reserves have given rise to energy cost, which stand to deprive more people (already 1 bn people live without electricity) of energy and spewed toxic fumes that have led to environmental degradation. Facing such a scenario, the world is on its way to adopt sustainable energy that can offer release from economic and environmental binds forged by fossil fuel usage. Solar continues to win the favour of the world as the best replacement of fossil fuels. However, what it can bring is more than sustainable energy for all; it can offer a chance to build a better economy and social structure within a country, which developing countries desperately need.