Sustainability – an opportunity in the New Normal

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.


Comments 3

  1. It has been refreshing to see views of cities and mountains that were hitherto hidden from view due to smog and air pollution, now bathed in the glow of the sun, and rivers that were clouded due to waste and debris, now glistening and clear, all this due to the stopping of industry due to the Covid pandemic. A painful lesson, but one that speaks to all of us.

    Re-invigorating industry and business without adding pollutants to the air, water and natural forests will have to be a wonderful lesson learnt from the current crisis.

    We will all be challenged to strive for an environmentally sustainable world and now we have been presented the positive impacts of such a world.

    From adversity has come an opportunity.

    Let us grasp it and do our bit for humanity.

  2. It’s laughable that you reference the opportunity for India and Australia to work collaboratively on energy policy designed to deliver a pathway to improved global sustainability given that the only material ‘co-operation’ to date has been the championing of the fossil fuel sector most notably through the development of the Adani coal mine.

    1. We thank you for your comment, Scott. We recognise that fossil fuels will continue to have a role in the energy requirements for both India and Australia in the medium term.

      We also recognise that the renewable energy sector in both countries continues to grow strongly and is providing an increasing share of the energy mix.

      We fully support the UN Sustainable Development Goal Targets on Affordable and Clean Energy including 7.A By 2030, enhance international cooperation to facilitate access to clean energy research and technology, including renewable energy, energy efficiency and advanced and cleaner fossil-fuel technology, and promote investment in energy infrastructure and clean energy technology.

      We see the opportunity for increasing cooperation between governments, business and research institutions to build a more sustainable energy future towards this.

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