ACCELERATING
SUSTAINABLE GROWTH

Climate Change is a threat that is posing great danger to all of us. And Carbon Emission is one of the main reasons behind climate change. As of now, India finds itself in the top five carbon emitters along with China, the US, Russia & Japan (Source - https://bit.ly/3BMK0sn). It's a collective responsibility to fight against Climate Change and Companies can play an important role in this regard.

We will tell you about the exact course of action companies can take to fight climate change at an organizational level.

1. Measure and analyze the emissions

It's crucial to know for a company that how much Greenhouse gas emissions are happening at their watch & how are their existence is affecting the climate. For this, many private agencies calculate the carbon footprint and measure the organization's various emissions. Upon analyzing the situation measures can be taken to reduce the overall impact.

2. Reduce energy consumption

Reducing what is already being spent is wise than waiting it out & chasing the after-effects while watching the damage being done in real-time.

Turning off the lights in the office when not in use, Turning off the ACs when not in use. Not engage live sockets when they are not needed, etc can be some of the daily routine actions companies can take to reduce energy consumption at their end to minimize the daily addition of impact on climate.

3. Opt for renewable sources

Renewable sources of energy are again one of the best options; the organization should switch on to. Renewable sources like Solar power, Hydro Power, Wind energy, etc can be used instead of oil, coal, natural gas, etc which are exhaustible & creates an inhabitable environment for all kinds of life forms.

4. Control & Reduce waste generation

Reducing waste generation can be the most effective first-hand job for any company which will directly add value to their initiative against climate change. What it can do is; avoid using disposable cups, the number of paper prints, reusing printed papers as drafts, adopt ways for recycling correctly so that it is properly neutralized, etc can be some of the steps that can be taken.

5. Optimize employees’ transportation

As we know transportation is one of the largest sectors of greenhouse gas emissions but we don't usually consider it as an organization's problem. Well, it counts, everyday travel can bring about successively collective damage which can not be put to rest factoring the comfortability of commute. Nevertheless, introduce new ways to minimize this big chunk of your carbon emission quota. Green Vehicles which runs on CNG can be introduced to cut the emission happening from this part

6. Raise awareness

Being a crucial part of this earth, we are also accountable & responsible for how this planet has come to be. As an individual or an organization; raise awareness amongst peers, friends, colleagues, superiors, and all the stakeholders, so that the ball sets rolling everywhere.

These are some of the best ways which companies can adopt to fight climate change and turn our planet into something much better than what it already is. Continuous efforts will help us get closer and closer to win over the adversities we were doomed to face in the future.

Connect with us if you want to make a change and reduce your carbon emissions as a company/organization.

The Sustainable Development Goals (SDGs) are also known as the Global Goals. These were adopted by the United Nations, in 2015. A universal call to action to end poverty, protect the planet, & ensure that by 2030 all people enjoy peace and prosperity.

Sustainable Development goals are The 17 SDGs are integrated - They recognize that action in one area will affect outcomes in others and that development must balance social, economic, and environmental sustainability.

The 17 SDGs are:

1. No Poverty,
2. Zero Hunger,
3. Good Health and Well-being,
4. Quality Education,
5. Gender Equality,
6. Clean Water and Sanitation,
7. Affordable and Clean Energy,
8. Decent Work and Economic Growth,
9. Industry, Innovation, and Infrastructure,
10. Reducing Inequality,
11. Sustainable Cities and Communities,
12. Responsible Consumption and Production,
13. Climate Action,
14. Life Below Water,
15. Life On Land,
16. Peace, Justice, and Strong Institutions,
17. Partnerships for the Goals.

All countries have committed to prioritizing progress for all those who're the furthest & behind. The SDGs are designed to help with and end poverty, remove hunger, control AIDS, set the right ideals to end discrimination against women & girls.

Though all the goals are broad & interdependent, two years later, on 6 July 2017; the SDGs were made more “workable” & "actionable" by a UN Resolution which was adopted by the General Assembly. The resolution identifies specific targets for each goal to be achieved, along with indicators that will be used to measure progress towards each target. While the rest of the target years lie between 2020-2030; for others, the end date is not yet provided.

The thought, the creativity, the know-how, the technology & the financial resources from all of society is necessary to achieve the SDGs in every context. Only with everyone’s support, we can begin to think of a better tomorrow. Deeply analyzed progress charts & presentations for all the SDGs are published in the form of reports by the United Nations Secretary-General on their official channels. The most recent one is from April 2020.

Along with that, there is also a widespread consensus is that: The progress on all of the SDGs will be stalled if Women's Empowerment & Gender Equality are not prioritized, & treated holistically with all intentions to take them forward. The SDGs are a sign to policymakers as well as private sector executives and board members to work towards gender equality and women empowerment harder as the rest of the other SGDs have deadlines and we will probably miss them if these two prioritized ones don’t get momentum & begin to see some change.

Implementation of the SDGs started worldwide in 2016. This process can also be called "Localizing the SDGs" for the people and territories. For eg; Individual people, universities, governments, institutions & organizations of all kinds work are working separately but one or more goals at the same time which aligns the collective growth in the same direction.

SDGs provide us the framework through which we can move ahead into a more peaceful, prosperous, equal for all, green future. And each country has a role to play in achieving them.

As the global crisis is looming over the world, even developing countries are doing their share tocut down carbon emissions. At the 26th climate summit (COP-26) in Glasgow-UK, under the leadership of Prime Minister Narendra Modi, India announced that it will become a carbon-neutral nation by 2070.

Achieving net-zero will mean a balance between the greenhouse gases produced and eliminated from the atmosphere. Being the 3rd most carbon emitter in the world, it is the first time India has set targets and strategies on an international platform to counter the climate crisis.

Prime Minister Narendra Modi declared the following 5-point strategy that will ultimately make India Net Zero by 2070:

• India will get the non-fossil energy capacity to 500 gigawatts by 2030. Currently, the non-fossil energy capacity is 136 gigawatts.
• India’s 50% energy consumption will come from renewable energy.
• It has set to reduce 1 billion tonnes of carbon emission by 2030
• By 2030, India will reduce the carbon intensity by 45%
• And finally, by 2070, India will achieve its net-zero target.

India’s action to counter the global crisis

India is the third most emitter of greenhouse gases in the world. However, it is important to note that there's a stark difference between India’s emissions as compared to the other top polluters. India nearly emits 3 gigatonnes every year, while US and China emit 5 gigatonnes and 14 gigatonnes, respectively.

In addition, India has the lowest per capita emission of 1.9 metric tonnes and contributes to 7% of world pollution even when it makes up 17% of the world population. Realistically speaking, India has a higher chance of reaching the net-zero goal before the US, EU and China.

The progress in building renewable energy infrastructure looks promising. As per Invest India, over the past 5 years, solar capacity has increased from 6.7 GW to 40 GW in 2021. Wind capacity has also increased by 2.2 times since 2017.

India is all set to open the largest renewable energy park of 4750 MW in Gujarat. Besides, PM Narendra Modi’s upcoming plans to reduce India's coal dependency by not setting up any more coal energy plants and decarbonising Indian Railways by 2030 is a start in the right direction.

A challenge that lies ahead

The most obvious challenge for India is to secure climate finance. As a developing country, India depends on the developed countries to provide the finance for the formulation of new technologies and methods to reduce its coal dependency.

In the COP-26, PM Modi demanded the rich countries make 1 trillion USD available as soon as possible. Unfortunately, these countries already have many unmet promises regarding climate finance.

To conclude, the goal to become Net Zero will not be a cakewalk for any developing nation. However, it will become extremely challenging for developing countries to create groundbreaking technologies without the needed financial assistance.

Hence, the way forward to achieving the collective goal is for rich countries to take charge and lead the way. As they will be able to bear the heavy initial research & development costs, developed nations are more likely to create innovative decarbonisation technologies.

India will also have to change its energy infrastructure. Some strategies will even require lifestyle changes from its citizens. However, with strategizing and global support, India will surely complete its promises successfully.