Emissions need to be cut down by 20% in next 15 years

FICCI, in partnership with the Ministry of Environment, Forest and Climate Change (MoEFCC), Government of India, the World Bank Group, the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB), with the support of GIZ, organised the 10th edition of the India Climate Policy and Business Conclave at The Park hotel in New Delhi. The Conclave drew 200 participants from business and industry, Central and state governments, representatives from nearly 35 countries, bilateral/multilateral organisations, banks and financial institutions, NGOs and academicians. 

 

Wolfgang Lahr, Embassy of the Federal Republic of Germany, in his address, highlighted that “the 22nd Conference of the Parties to the UNFCCC in Marrakesh built on the momentum of the Paris Climate Change Agreement by preparing states towards the implementation phase. In this light, countries now have to operationalise their communicated strategies through ground level actions.” Given that policy certainty being one of the most preconditions of business to invest in climate friendly or climate-resilient technologies, he stated that the German Embassy applauded the idea of the India Climate Policy and Business Conclave as it generates the 

much-needed dialogue between different actors involved in the climate change discourse.  He reaffirmed the German governmentÂ’s commitment towards actively supporting countries on their passage towards low-carbon economies and that it is determined to continue this dialogue.

 

Neeraj Prasad, Adviser, Climate Change Group, The World Bank Group, in his remarks highlighted that with the Paris Agreement in place and countries gearing up with development of strategies and roadmaps for implementation of their commitments, cooperation among different countries and learning from each other is critical. Participation of Partnership for Market readiness (PMR) participants from more than 30 countries in the Conclave is one such good example, he added. He said that “if you are working in the field of climate change, optimism is your middle name”.