Biofuels do hold promise, but their heavy reliance on price-sensitive crops like sugarcane casts doubts on the future of India’s leading ethanol plant manufacturer.
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After 29 years of conferences to tackle climate change, there is little to show. The latest at Baku is expected to be no different as apathy and the near total absence of consensus put paid to any hope of progress.
The likes of the Adani and JSW groups, who have been building their green credentials, have renewed their appetite for coal-fired plants as the country is nowhere near retreating from the dirtiest fuel.
The sector might be hot right now, but the deep-rooted problem of climate change will take a long time to make any impact, especially in developing economies like India. Are VCs willing to wait?