Published On: Sat, Feb 7th, 2015

8th India Climate Policy and Business Conclave 2015 concludes

img-bNew Delhi: FICCI in partnership with the Ministry of Environment, Forest and Climate Change, Government of India; the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety, and the World Bank organised the 8th India
Climate Policy and Business Conclave 2015 on 3-4th Feb at the Federation House New
Delhi. This is a flagship annual event of FICCI which brought together a range of stakeholders across the sector and reflected on the business perspectives and initiatives on climate mitigation and adaptation. In addition to the Government officials and industry representatives this event invited the participation of many speakers and delegates from both India and overseas.

The conclave focussed on key climate initiatives and actions by the Central and State
governments including the State Action Plans on Climate Change, Nationally Appropriate
Mitigation Action and how they can be the converged for developing Intended National
Determined Contributions (INDCs) which the Government of India would submit to the UNFCCC
later this year. It brought out a range of case studies, corporate strategies, industry and
Government views and initiatives on driving the domestic actions on addressing climate
change. The event also focussed on highlighting the views of the Indian industry on the state of play of global negotiations, as well as emerging domestic and international environmental regulations.

In the closing session of the event, a CEOs panel discussed how Indian industry is addressing the challenge of Climate Change. Mr Shivanand Nimbargi, MD and CEO Green Infra Ltd, Mr V Saibaba, CEO LancoSolar and Mr Ardeshir Contractor, MD Kiran Energy participated in the discussion and expressed their opinions on a range of policy, regulatory and market issues in India. The discussion highlighted that Government of India is committed to upscale the deployment of renewable energy in the country. The recent declaration of 100 GW targets for Solar and 60 GW for Wind energy installations in the country is a key initiative in that direction.

In that context, a range of barriers in the power sector are also being addressed by both Central and State Governments. The recent amendment in the Central Electricity Act 2003 is also a critical step to address key bottlenecks in the power sector and promote renewable energy in the country.

The event concluded with the Special address by President Felipe Calderon, Former President
of Mexico and Chair of the Global Commission on the Economy and Climate. He mentioned
that India is one of the most vulnerable countries to climate change and a global action is
needed to address that challenge. He highlighted on the importance of resource efficiency,
infrastructure investment and innovation in low carbon technologies that would drive the low carbon actions globally.

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