The growth story of the global cleantech movement over the last few years has been phenomenal, bettering the records every single year. But, COVID-19 has definitely thrown in a lot of uncertainties at this point in time. The impact of COVID-19 on small scale rooftop projects was discussed in the previous podcast episode. On this podcast episode, we will discuss more on the cleantech story from the last few years and how we can sustain the momentum going forward in the post-COVID-19 era. Joining the discussions today is Vishwanathan ‘Vish’ Iyer.
About Vish Iyer
Vish Iyer is a entrepreneur and an enterprising “go-getter” with over 14 years of leading industry expertise in building and scaling new businesses focused on manufacturing, infrastructure, renewable and emerging technology/ energy domain across family owned enterprises and large multinational companies such as Siemens, L&T, Mahindra and Shapoorji Pallonji Group.
Vish is currently pursuing key engagements centred around the theme of sustainability, spanning New Mobility, Logistics, Infrastructure, Healthcare and Renewable energy, through his boutique advisory practice TTouche Advisers LLP where he serves as a Partner and Co-founder.
In 2018, his body of work over the years led him to receive the unique distinction of being among only 3 Indians to have made it as a “Rising Star Finalist” at the S&P Global Platt’s Global Energy Awards (regarded as the “Oscars of the Energy Industry”) across the award’s 20 years’ history.
Vish holds a Masters of Business Administration from the Purdue University and Bachelors of Electrical Engineering from the University of Mumbai.
Vish talks about the 3Ds of Decentralization, Decarbonisation and Digitisation which will change the change the entire landscape in the years to come.
Will COVID-19 push the cleantech development back by a few years?
Although the industry is better positioned to rebound naturally, the financial and regulatory standpoint would be different considering the need to have shifting priorities within the government. All countries have been impacted in an equal measure by the COVID scenario but the emerging markets will bear the brunt because their economic position is not as great as the developed nations. It will be worse off compared to the last recession. Global utilities have announced that there is going to be minimum impact of COVID on their business and pipeline and deal making will remain very active by large utilities during this time.
Will this outbreak make companies, cities and countries think again on their sustainability targets, Paris Climate agreements and so on?
Climate change will be the next pandemic so the way we react to the current situation will decide how we prepare for the next pandemic. Business As Usual cant be the answer because of the potential impact of the next pandemic.
What are the other lessons companies need to take to be more resilient under such crisis?
Vish brings his concept of the CALM framework in discussing that. Listen to that part below.
Reference to the content mentioned in the podcast conversation (Click on links)
- BNEF’s data point of 20% drop in emissions earlier this year.
- BNEF’ revised forecast reducing 10-20GW of solar from estimate
- Iberdrola’s announcement of ramping up RE
- Equinor defer’s dividend payment
- Kaiser family foundation’s poll on stress during COVID
- IRENA’s report on cleantech forecast 2020
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