CII CEOs delegation to actively participate in COP 21 at Paris
The Confederation of Indian Industry (CII) urges governments to maintain the momentum on building blocks for climate action. On the eve of leading a CEO-delegation to COP- 21 at Paris, CII has expressed hope that governments will continue to exercise their responsibility to arrive at a consensus on post 2020 climate agreement.
"The key challenge for the Paris Round is to lay a clear foundation for real and long-term global action. However, the high costs of transition to low-carbon growth must be paid for. Any commitments should be based on historic and future responsibilities within the context of domestic development realities," said Mr Chandrajit Banerjee, Director General, CII.
The timely opportunity to mitigate and adapt to climate change in a reasonable manner may soon be an illusion. The world has already reached almost 1°C of warming. Its impacts are being felt in the form of drought, heat waves and extreme precipitation. Scientific community's view is to limit the planet's warming to 2° but we are currently on a pathway to a 3°-6°C world.
In order to avoid serious consequences to the planet and life-forms, quick action both on parts of governments and business is required. Solutions will mainly come from business. Business should also take the responsibility of saving the planet from serious consequences. There are many opportunities beyond the limits of governments that business can certainly tap into. However, for some transformative solutions, business may need stability and direction from international negotiation processes. The Paris Round should ensure that future policy direction will enable positive returns on investment.
"Business is keen to do its part on mitigation and development of climate-friendly solutions. But some of that work requires access to technology and investments. The Paris COP should give signals to boost business and investor confidence on climate action", added Mr. Chandrajit Banerjee.
The 19 member CII CEOs delegation to Paris for participating at COP 21 is led by Mr Sumit Mazumder, President, CII and includes Shobana Kamineni, Vice President, CII and Executive Vice Chairperson, Apollo Hospitals Enterprises Ltd ; Mr Ajay Shriram, Immediate Past President, CII and Chairman & Senior Managing Director, DCM Shriram Ltd ; Mr Chandrajit Banerjee, Director General, CII ; Mr Tulsi Tanti, Chairman & Managing Director, Suzlon Energy Ltd ; Mr Sumant Sinha, Co-Chairman, CII National Committee on Renewable Energy and Founder & CEO, Renew Power Ventures Pvt Ltd and Mr Uday Khemka, Vice President, Sun Group of Companies.
The industry delegation will participate in a series of events including the launch of the International Solar Alliance by Prime Minister Modi.
CII Delegation Members would be providing an Industry perspective at the following Sessions being organized by various Ministries at the India Pavilion :
· 1 December 2015 Climate Change – The Renewable Agenda ( Organised by MNRE )
· 2 December 2015 Enhanced Energy Efficiency: LED & Industrial Sectors ( Organised by Bureau of Energy Efficiency )
· 3 December 2015 Development of Sustainable Habitat through Smart Cities ( Organised by the Ministry of Urban Development )
In addition, CII will be hosting the following three Sessions at the India Pavilion and at UNFCCC :
· 1 December 2015 : Climate Change – The Renewable Energy Story- a 70% drop in India’s solar Rates: Fast approaching grid parity.
· 10 December 2015 : Role of Private Sector in Adaptation and Mitigation
· 11 December 2015 : Industry Action on Climate Change
New Delhi
30 November, 2015