Humans have always taken nature for granted. Mother nature has been nurturing and merciful to the demands placed by human evolution and its hunger for advancement, well documented by history. The impact, mostly negative, that humankind has caused planet earth is undeniable by any stretch.
There has never been a better time than now for us to reconsider our ongoing interaction with nature to slow down, and ultimately reverse, the adverse impact.
No one could have anticipated that a crisis like the Covid 19 pandemic will hold some important lessons, which if we did act on, will fundamentally change human behaviour to ensure we as a global community can create a reversal of this adverse impact.
The impact of climate change on the sustainability of our ecosystem has been a hot topic in recent years, with industry and with governments. How likely is it that now the world will use this crisis to rethink its energy stance, and make a conscious move towards greener alternatives? Is the turmoil in the global oil markets an indication of the impending demise of the age of oil?
If there are changes looming, how might it impact the future trade and investment climate between India and Australia? Both countries have strong renewables programs, and a collaborative approach could help both sides build a sustainable energy program. This focus on renewables will further strengthen our relationship.
Michael is a Director at EastWest Advisers. He is a former senior executive of Austrade and has held the positions of senior trade commissioner to South Asia and South East Asia. He is a Fellow of the Australia India Institute.
Reach out to Michael for assistance with your strategy for engagement with Australia India opportunities in the energy sector.