PR No – 64
20th March, 2024
New Delhi
PHDCCI organizes Global Sustainability Conclave fostering collaborative solutions for environmental advocacy leading to a sustainable future
Creating the right ecosystem for scaling solar is very important, especially in terms of policy regulations with removing blockades for the deployment of private capital that will promote sustainable growth, said Mr. Ramesh Kumar Kuruppath, Chief of Unit (Programme & Projects Implementation Cluster), International Solar Alliance (ISA) while speaking at held on 20th March 2024 at Hotel Le-Meridien, New Delhi.
He further added, creating a guarantee mechanism for investor confidence is also very important. The issue of global sustainability is very complex, and the entire narrative has changed since 2015 in terms of SDG goals, IDC commitment etc. A lot has happened since then, such as geopolitical tensions arising and pandemics occurring, therefore there is a need to relook at our approach.
Mr. Kuruppath stated that solar will play an important role and will be a key player driving the entire ecosystem. Also there’s a long way to go, and everything happens with partnership. He added, there are three important parameters, first is energy access, then energy security, especially in the context of geopolitical issues, and finally, energy transition to low carbon and more renewables.
Speaking further on ISA, Mr. Kuruppath mentioned that it was created by the Government of India and the Government of France on the sidelines of COP21. Initially, it was for countries near the equator, but eventually, many countries have become part of it. The issue of sustainability and narrative differs for different countries and currently, 119 countries are part of the alliance. Hence it’s essential to highlight the importance of global partnerships and collaboration in addressing sustainability challenges. Together, countries and the world can work towards creating a more sustainable future for all, concluded Mr. Kuruppath.
Mr. Keshav Singhal, Head of Sustainability, Noida International Airport shared insights about the Noida International Airport (NIA), a greenfield airport located in Jewar. The airport is being developed by Yamuna International Airport Private Limited (YIAFL), a 100% subsidiary of Zurich Airport International AG, in collaboration with the Government of Uttar Pradesh and the Government of India. He informed how NIA aims to improve connectivity to and from Delhi NCR, Noida, and Western UP. Envisioned as a confluence of Swiss efficiency and Indian hospitality, NIA aims to become India’s leading airport in terms of customer service, efficiency, digital services, and commitment to minimal environmental impact. It will offer a modern and seamless passenger experience along with a wide range of commercial offerings catering to families, elderly travellers, and the business community.
Mr. Matthias Ong, Head of Disclosure and Environmental Data (APAC), CDP in his virtual address highlighted significant milestones in climate change action, including the Kyoto Protocol, the Paris Agreement, and the Glasgow Climate Pact. He emphasized CDP’s role over the past 20 years in driving action through the disclosure of environmental data. Mr Ong stressed the importance of disclosure in scaling up sustainability efforts, advocating for increased transparency and informed decision-making. He also presented data illustrating the significant growth in corporate disclosure towards 2024, featuring the growing momentum for environmental transparency and accountability.
Mr. Shivam Batham, Sr. AVP, Invest India, said, the time has come where there is a need for companies to enter the energy storage domain to increase the efficiency of energy transition. He has also given references to multiple sectors that offer numerous investment opportunities like renewable energy, waste management, agriculture, and electric vehicles, where sustainable investments are flourishing, and big players can be part of it.
Furthermore, investments can be strengthen through profitable incentives, such as government grants and subsidies and building capacity at the ground level. Additionally, the Public-Private Partnership (PPP) model is integral for fostering collaboration and investment in sustainability, added Mr. Batham.
Dr. Ranjeet Mehta, Executive Director, PHDCCI highlighted the evolving perception of sustainability. He remarked that back in 2004-05, sustainability was considered a loosely used term, but today, people don’t question why, but rather when sustainability will be achieved. India being one of the fastest-growing economy globally is growing at a significant pace, with the country constructing 30-32 kilometers of road per day. However, the importance of balancing developmental needs with environmental goals is also very important.
Dr. Mehta further stressed the significance of environmental consciousness, noting India’s initiatives such as the ISA and the PM’s LIFE mission, which focus on transitioning to green energy. He urged Indians to take responsibility and contribute to sustainability efforts. With a population of 1.4 billion people, India has the potential to become a brand ambassador for sustainability and a vocal advocate against climate change, added Dr Mehta.
Ms. Charlotte Morton (Order of the British Empire), Chief Executive of the World Biogas Association; Mr. M.K. Tiwari, Sustainability Head at GAIL India Limited; and Mr. Samit Mitra, Managing Director, Country Delivery, GEAPP – India, among others deliberated on their areas of specialisation in sustainability. Their contributions added valuable perspectives to the discussions, further enriching the dialogue on sustainable solutions and environmental advocacy.
The event was supported by BLUE STAR, WAAREE and POWER GILT and attended by industry stakeholders, experts and international organisations; and was supported by PHDCCI annual sponsors, DLF Ltd; Jindal Steel & Power; KLJ Group; Multani Pharmaceuticals Ltd; Marble City; MMG Group; Radico Khaitan Ltd; Uflex Ltd; Vestige; Eazy ERP Technologies; JK Tyre & Industries Ltd; Sagar Group of Industries; Superior Industries Limited; Samsung India Electronics; Oswal Greentech; Apeejay Stya Group; Blossom Kochhar Beauty Products Pvt Ltd; DCM Shriram; R E Rogers; Trident Group; Ajit Industries Pvt Ltd; Bhagwati Plastic and Pipes Industries; Central Coalfields Ltd; DD Pharmaceutical Ltd.; Hindware Sanitary; Jindal Steel; Modern Automobiles; P S BEDI & Co.
Warm Regards,
Media Division
PHD Chamber of Commerce and Industry