Declaration of the private sector on Climate Change a historic step
Declaration of the private sector on Climate Change a historic step
- Environment, Forest and Climate Change Minister Shri Prakash Javadekar has said, India is on the way forward towards achieving its commitments done at the Paris agreement and the country is acting on its Nationally Determined Contributions(NDC’s).
- India is among the few countries which is 2 degrees compliant and has taken many decisive actions, in fighting Climate Change, not only at the government level but even at the private level, which shows our commitment and resolve.
- Releasing a Declaration on Climate Change signed by 24 key industry captains and Ministry of Environment, Forest and Climate Change at the virtual India CEO forum on Climate Change, Shri Javadekar further said that this declaration by private sector companies, voluntarily, is a historic step.
- World says and preaches many things but to bring into practice is more difficult thing.
- However, United Nations ecosystem and UNFCCC will take note of this initiative of India and its corporate world to adhere to and declare plans of their own carbon neutrality.
- The private sector plays a pivotal role in creating low-carbon sustainable economies and has embarked on a number of voluntary actions on climate change that can contribute towards achieving India’s NDC goals.
- The private sector also benefitted from India’s participation in Clean Development Mechanism of the Kyoto Protocol and going forward Article 6 of the Paris Agreement offers further opportunities for meeting the climate change and sustainable development objectives.
- India is a signatory to the Paris Agreement under the United Nations Framework Convention on Climate Change.
- As part of its Nationally Determined Contribution (NDC), India has three quantitative climate change goals viz. reduction in the emissions intensity of Gross Domestic Product (GDP) by 33 to 35 percent by 2030 from 2005 level, achieving about 40 percent cumulative electric power installed capacity from non-fossil fuel based energy resources by 2030 and creating an additional carbon sink of 2.5 to 3 billion tonnes of carbon dioxide equivalent through additional forest and tree cover by 2030.
