Startups Drive Renewable Energy Transition & Circular Economy Innovations, India

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All these frameworks create a significantly favourable environment for startups that innovate and deliver material circularity. Startups are increasingly combining models and reaching across sectors leading to the diversification of the economy and accelerating the adoption of new technologies.

The measures for collaborative regionalisation and circularity of materials recommended by these initiatives have brought on many boons for energy and electrification.

The Cambridge Institute for Sustainability Leadership (CISL) launched a report on Critical Raw Materials and Circularity at the European Parliament, which calls for a coordinated and aligned strategy involving all stakeholders and beneficiaries.

The report highlighted that an overall materials circularity strategy must be paired with a case-by-case approach to implement incentives & support schemes to ensure faster the commercial viability of a shift towards green technologies.

This is keeping in mind that different critical material ecosystems pose varied challenges and opportunities for the successful implementation of circular ecosystems that, by design, mitigate economic and geopolitical risks.

If all the stakeholders involved in the supply of energy acted in unison, various global economic or geopolitical problems could be solved through circularity and localised, decentralised supply chains powered by startup innovation.

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Neha Sharma
Neha Sharma
Neha Sharma is a tech-savvy author at The Reportify who delves into the ever-evolving world of technology. With her expertise in the latest gadgets, innovations, and tech trends, Neha keeps you informed about all things tech in the Technology category. She can be reached at neha@thereportify.com for any inquiries or further information.

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