Topic: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment
3. Indian climate startups are leveraging technology to help the country achieve sustainability in the long run. From new-age battery technology for vehicles to waste management technology to adopting renewable energy — Indian startups are leaving no stones unturned to fight climate change. In what ways, could they be promoted and scaled up on a greater scale? (250 words)
Difficulty level: Moderate
Reference: Live Mint
Why the question:
Recently, Solar Square raised ₹100 crore as part of its series-A funding, on the back of a ₹30-crore seed round three months earlier. This may well be a story of a tech startup, except for the fact that it took Solar 7 years of operations to reach this milestone. This is typical of climate startups.
Key Demand of the question:
To write about the benefits of climate startups, issues faced by them and how they could be promoted.
Structure of the answer:
Introduction:
Begin by defining climate startups.
Body:
Frist, show the growing trend of climate startups in the country.
Next, write about the advantages by climate startups – Climate tech start-ups provide a wide range of solutions that either reduce carbon emissions or assist us in dealing with climate challenges such as food, droughts, and extreme heat. These include solutions such as electric vehicles, chemical-free agriculture, waste management, weather forecasting, water-saving crops, and sustainable cooling, among others.
Next, write about the challenges faced the climate start ups and measures to overcome them.
Conclusion:
Conclude by writing a way forward.
