At the CII Northern Region"s Annual Regional Meeting & Conference on 'Tomorrow"s North: Green & Educated', the professor said that it is time for the world to move on to a sustainable version of the green economy which is the Blue Economy, a concept about which he recently released a book on.
The Blue Economy supports the creation of a wholesome cyclic process wherein the waste is also not wasted like the functioning of a silkworm, that produces a material without any waste.
The businesses and industries should thus get out the habit of producing mass waste and pollution, he said adding that this manufacturing process has plundered the natural resources.
Real, lasting solutions - truly sustainable solutions - require a fundamental shift in our awareness and we need breakthrough innovations, he said.
Giving an example of this sustainable model in the Indian context, the professor elucidated on how the dense fog that covers North India during the winter could be used for producing fresh water or how wind energy can be generated from electric grid network of the existing system in a cyclic manner.
He also argued against the current education system, especially the popular MBA courses, which concentrated on on a single core competence and economies of scale.
Dr Ashok Khosla, Chairman, Development Alternatives, and Mr Suresh Prabhu, Former Union Minister & Chairman, Centre for Energy were others who spoke at the event.