Energy in today’s world is one of the most sought after and precious commodity. Nations try to strike a balance between today’s growth versus tomorrow’s existence. The only way it can be achieved is through sustainable development without compromising future for present and vice-versa. It is the dimension which needs to be taken care of by both the developed and developing nations. The idea of contributing towards green energy promotion across the world, with my technical expertise and business acumen, fascinates me.
I have always been interested in developing technologies which led me to choose electrical engineering. I have done major project on “simulation of PI-controller for AC servo motors using Pspice software” during my final year of B.Tech at MANIT. During the job, I got interested into the possibilities carbon credit trading has to offer and I went on studying carbon credit market and presented a technical paper on it at NPTI.
Having work experience of 35 months in power sector (PGCIL); I wanted to further my career as a sustainable-energy consultant after MBA from IIM-Calcutta. At PGCIL I worked in HVDC department where I came to know about the potential HVDC & FACTS technologies have had for green energy through wind farms and solar farms. I got the opportunity to participate in and learn from Empower India-2011 with a theme of ‘green energy and energy efficiency’. It was conducted by Urjawaran Foundation in collaboration with BEE, Ministry of Power, Ministry of New & Renewable Energy and Ministry of Consumer Affairs, Food and Public Distribution.
Through all these learning, it became clear that Green technologies are beneficial but in long-run only. In short-run they are expensive, therefore not likely to be adopted by corporations unless forced.
The idea of making this scenario a win-win situation both for environment and corporation intrigued me.
As an answer to them I came up with the following ideas:
1. Funding green projects through carbon trading in developing countries like India e.g. bulk transmission project for green energy.
Let us have an example of PGCIL which is already using its CSR activities for the welfare of the localities and towns falling in its ‘right of way’ of transmission lines.
I want to further my quest after graduation as a sustainable-energy consultant working independently. Oikos & More than Money careers are rich at resources, I expect them to help me out in implementing the international proceedings required for registering and auditing the carbon credit projects while I can directly pitch-in with the energy firms and convince them to implement these projects.
Few points I want to cover in next few months to come:
1. Gain more knowledge about the conditions required by UNFCCC for the firms to implement carbon trading.
2. Exact requirements companies need to full-fill, expected expenditure, rate of return affected by bringing in these projects.
4. Compile and come-up with a comprehensive report on the status of firms who are having/ not-having dealings in carbon credit and how can I approach them in the areas where they have potential to build-on.
During first 5 years I will be targeting Indian energy firms. Hopefully I will be able to impact quite significantly especially in power projects. Later on, I would look forward for renewable energy and infrastructure projects in India and in outside world.
By Saurabh Shrivastava
Saurabh is a student at IIM Calcutta and is a member of the oikos chapter there.