The Carbon Disclosure Project (CDP) has asked the world’s largest companies, including Bhel, Indian Oil, NTPC, ONGC, ITC, L&T and Reliance Industries, to report on their water risks.
Fresh three-day talks begin in Bonn on Friday to lay down the time table for preparatory meetings in run up to the UN Climate Change Conference in Cancun in Mexico.
Many Indian companies ranging from power majors like NTPC to diversified groups like Mahindra and Mahindra to software leaders such as Infosys are already on track to reduce greenhouse gas (GHG) emissions.
Transfer of clean technology from industrialised countries to developing countries is one of the main issues holding up progress in climate change talks in Copenhagen.
The approval of India’s technology transfer proposal to establish a global network of climate innovation centres for developing and deploying clean technologies at the ongoing climate change talks in Copenhagen should cheer businesses.
Irrespective of whether a Copenhagen declaration incorporates a legally binding climate change agreement or not, the event has proved to be a huge green branding exercise.
Apart from Indian Prime Minister Manmohan Singh, the participants at the UN climate change conference in Copenhagen include US President Barack Obama, UK Prime Minister Gordon Brown, French President Nicolas Sarkozy and Chinese President Hu Jintao.
Prime Minister Manmohan Singh is expected to take part during the last leg of the Copenhagen Summit on climate change.
Hindustan Petroleum Corporation has reduced 4 lakh tonne of CO2 emissions annually over the past four years and ONGC is going for four Clean Development Mechanism projects to reduce 1.20 lakh tonne of carbon dioxide equivalent emissions annually.
As the Copenhagen climate change talks open next week, India pledges to cut its emission intensity by 20-25% by 2020 on a baseline of 2005.