 "Role of industry crucial to achieve INDCs target")
India has set ambitious climate change adaptation and mitigation goals as outlined in its Intended Nationally Determined Contributions (INDCs). To highlight the importance of the Indian industry in achieving the goals of INDCs, FICCI had organised an interactive session on ‘COP 21 outcomes and implications for India’ in New Delhi on January 20, 2016.
”The INDCs will be impinging upon the industries post 2020 and that the government may soon roll out a roadmap for INDCs. It is important for India to achieve 12 percent reduction in GDP emissions intensity (2005-2010) of the targeted 25 percent reduction (by 2020 from 2005 levels) as per India’s voluntary pledges,” said Ravi Shankar Prasad, Joint Secretary, Ministry of Environment, Forest and Climate Change.
Stating that the INDCs of India contains a set of both opportunities and obligations for the Indian industry, Ashok Lavasa, secretary, Ministry of Environment, Forest and Climate Change, said, “Government’s involvement in the International Solar Alliance and Mission Innovation, forged on the sidelines of COP21, will unlock private sector opportunities in clean energy. The private sector should actively participate in the second phase of PAT (perform achieve trade) scheme on energy efficiency, increase investments in solar manufacturing, and management of municipal solid waste.”
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On the issue of clean coal technology, he alluded to Coal India Limited’s plans of setting up 20 coal washeries in the near future.
According to Tarun Kapoor, joint secretary, Ministry of New and Renewable Energy (MNRE), the International Solar Alliance, forged on the sidelines of COP 21, will open up opportunities for Indian solar players to set up shop in other countries and the Indian solar landscape will witness a surge in installed capacity after the end of FY 2015-2016.
The Paris agreement is expected to unleash opportunities for private sector in smart cities; energy efficient irrigation pumpsets; clean cooking devices, engines running on high octane fuel, waste management and agroforestry. Government should facilitate credit risk guarantee facility, especially for small and medium scale enterprises (MSMEs) which can help them adopt climate friendly technologies, said Kolluru Krishan, Chairman, CVC India Infrastructure Pvt Ltd.
Ardeshir Contractor, MD & CEO, Kiran Energy, expressed the importance to look into innovative financing instruments in countries like Brazil and China for replication in the Indian context.
Stating that capital would be crucial to scale up private sector participation in second phase of the PAT scheme, L Rajasekar, president, Ultratech Cement, emphasised that government policies can go a long way in promoting use of waste as resource by the cement industry.
