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Article

9 Dec 2015

Author:
Mayank Aggarwal, Live Mint (India)

Climate change: Are Indian firms doing enough?

…[I]nvestors led by technology billionaire and philanthropist Bill Gates launched the Breakthrough Energy Coalition at the ongoing Paris climate talks…[T]he coalition will try to close the gap between the promise of a new energy concept and its eventual commercialization…Arvind Sharma, executive director, sustainability and climate change at PricewaterhouseCoopers India said Indian companies can support sustainable energy entrepreneurship better…“…Corporate India has a critical role to play in this story, not only by creating value by addressing key societal needs, but by supporting a vibrant entrepreneurial sector,”…Chandrajit Banerjee, director general of the Confederation of Indian Industry, an industry lobby group, said Indian businesses are keen to do their part…He said Indian industry has taken several voluntary actions to combat climate change…Asian Development Bank study…on the costs of climate change adaptation in South Asia indicates that approximate adaptation cost for India in energy sector alone would be roughly $7.7 billion in 2030s…[Also refers to Alibaba, Amazon, Facebook, Reliance Industries, Tata Group]