Collaborative efforts to limit the impact of climate change sought
Speakers during a call for the seminar to accelerate the transition to low-carbon and climate-resilient infrastructure
The need for collaborative efforts between businesses, governments and civil society to reduce the impact of climate change was highlighted at a seminar organized by the Federation of Chambers of Commerce and Industry of Telangana (FTCCI) Wednesday.
Coming in the context of the decisions of the 26th United Nations Conference of the Parties on Climate Change (COP26) in Glasgow, Scotland, the seminar featured environmentalists, industry leaders and a former officer from the ‘IAS. FTCCI Chairman K. Bhasker Reddy said India at COP26 committed to net zero emissions by 2070 and to meet 50% of its energy demand from renewable resources by 2030. âIn this context, we realize that collaborative efforts between business, government and society are needed to reduce the devastating effects of climate change. Sustainable transformations must aim for a better future for our planet while strengthening the performance of companies, âhe said.
A statement from the trade and industry body said environmentalist Donti Narasimha Reddy, addressing the seminar, stressed the need for a fundamental global change in the financial system and a massive increase in private finance to accelerate the transition to low carbon and climate resilient infrastructure. The ecologist and professor at Osmania University, K. Purushottam Reddy, said the climate change conference commitments have only increased the importance of companies doing business in a socially responsible manner. .
Pragati Group Chairman GBK Rao said trade and industry associations should think about how they can help meet commitments. Former IAS officer Ajay Mishra spoke.