Unmitigated growth and unsustainable and unchecked business practices have left the environment gasping for breath. Here are some startups that are trying to undo the wrongs.
While measures of reducing emission and energy consumption are becoming the norm, more and more countries are also taking steps to ensure that their high economic growth doesn’t result in a raw deal for future citizens. Balancing growth and environmental concerns is the need of the hour, lest we bequeath an unhealthy planet for the future generation.
But not only governments world over, even startups are taking bold and innovative strides to ensure intergenerational equity. The need for clean technology is underscored by the Agriculture ministry in a submission to the parliamentary committee, stating that climate change is costing India $9 to $10 billion annually.
Bihar-based Husk Power Systems was founded by Manoj Sinha in 2008. The company provides power to thousands of rural people using proprietary technology it has developed.
The startup saw an opportunity to generate electric energy from rice husks, a waste product in the rice hullers that separate the husks as chaff from the rice. It generates electricity using a biomass gasifier that creates fuel from rice husks. The firm recently secured a funding of $20 million equity investment from Shell Technology Ventures LLC, Swedish development finance institution Swedfund International and ENGIE Rassembleurs d’Energies, ENGIE group’s impact investment fund.
To read about the rest of the startups chosen for the list, please visit YourStory.com.