INNOVATIVE MODELS OF CLIMATE FINANCE WOULD HELP INDIAN INDUSTRY TO BRING DOWN EMISSION INTENSITY.

  1. Mr. Sanjib Bezbaroa, Vice President-Corporate EHS, ITC Limited
  2. Prof. Prabhat Ranjan, Executive Director, Technology Information, Forecasting and Assessment Council (TIFAC)
  3. Dr Arunabha Ghosh, Chief Executive Officer (CEO), Council on Energy, Environment and Water (CEEW)
  • Session Moderator: Mr Kamal Sharma, Counsellor, Confederation of Indian Industry
  • Introduction to the session: The session discussed the efforts of Indian Industry while undertaking climate change mitigation and adaption activities. With the backdrop of Sustainable Development Goals (SDGs), India need to consider its development trajectory in order to enhance the quality of life of its people especially the marginalized and below poverty line citizens. Technology is a key enabler for development of mankind and Indian Industry is making efforts to ride up the technology growth plan. It also touched upon the technology need assessment of the country alongwith identification of key strategic issues pertaining to technology adoption.
  • Inaugural: The session was inaugurated by the august presence of Dr. Harsh Vardhan, Hon’ble Minister for Environment, Forests and Climate Change, Government of India and Mr Arun K. Mehta, Additional Secretary, Ministry of Environment Forests and Climate Change. Mr Kamal Sharma, Counsellor, CII invited Mr A.K. Mehta for his key note address.
  • Mr A.K. Mehta, Additional Secretary, MoEFCC highlighted the efforts of this Ministry to facilitate resource use efficiency and environmental stewardship in the Industrial process and business planning, through the regulatory framework and compliance. He mentioned that most of the environment intensive sectors of economy have been mandated to comply with emission and wastewater discharge standards which are at-par with global standards. Mr Mehta appreciate the constructive role played by Indian Industry in meeting the regulatory standards and supporting the efforts of Government of India.
  • Dr Arunabha Ghosh, CEO, Council on Energy, Environment and Water mentioned four challenges being faced by India’s MSME sector in order to remain competitive in the global markets which are now started being driven through environmental stewardship. The four challenges are (a) Access to technology and promoting domestic R&D, (b) Access to skilled manpower, (c) Access to finances and (d) Access to information on incentives, schemes, and business know-how. He emphasized on the need of designing new and effective technology partnerships in India. There are three challenges as we make efforts towards making our country self-reliant on technology development. These are (a) Limited targeted R&D, (b) Limited private investment and (c) Lack of a robust ecosystem for venture investment
  • Mr. Sanjib Bezbaroa, Vice President-Corporate EHS, ITC Limited highlighted the achievements of ITC limited as it has been a carbon, water and waste recycling positive company since past nine years. As Industry is very much integral to society, it has to be engage with community at large on issues like sustainable livelihood, waste management, environment protection and climate change. Many large industry players have identified climate change as a risk to their operations and proactive actions can help to create climate resilient business operations. He quoted the recent regulatory changes in the domain of waste management where Industry has been entrusted to undertake Extended Producers Responsibility (EPR). ITC has been undertaking such initiative even before the regulatory compliance requirements.
  • Prof. Prabhat Ranjan, Executive Director, Technology Information, Forecasting and Assessment Council (TIFAC) mentioned the efforts of TIFAC while it undertakes comprehensive technology need assessment of the country. As the technology vision 2050 of the country, the criteria of enhancing the quality of life of Indian citizens is on the top priority of the Government of India and accordingly key sectors for technology research and development have been identified. He also highlighted the upcoming technological breakthrough like hyperloop technology, lab-grown meat and artificial tree (energy production on the concept of photosynthesis), which have the potential to change the way society make use of its resources. On the part of technology adoption, there have been challenges in the past but with R&D efforts by Indian Industry, such technology gaps can be fulfilled and we can make India self-reliant on technology development.

BE PREPARED AND DOWNLOAD OUR EVENTS SCHEDULE

The Indian pavilion at COP-23 will offer a unique opportunity to showcase India's positive actions on climate change to the global audience through events/ exhibits in the nature of panel discussions, presentations, conferences, interviews, press conference, short movies, documentaries, lectures, demonstrations, showcasing of exhibits etc.

Download Now