‘Investing in ‘greening’ of MSMEs should be of high priority for India to meet sustainability goals’
Sustainability for MSME: One major drawback MSMEs face is the implementation of energy efficiency norms owing to unfavourable economies of scale. They also have to tackle obsolete technology, disparities in skills, business capacities and financing, high regulatory burden, and limited low-cost funding.
Sustainability for MSMEs: Since 2019, unprecedented climate action has spurred nations and businesses to prioritize climate change. Sustainability is high on the global corporate and government agenda, with many countries vying for carbon neutrality in the coming decades. Interestingly, both the net-zero concept and the Sustainable Development Goals (SDGs), adopted by the UN, are intrinsically linked.