While China has scored over the US to become the most attractive market for renewable energy investments, India has ranked fourth behind Germany, according to the recent Renewable Energy Country Attractiveness Indices report.
Business
As the uncertainty over the outcome of the global climate change negotiations continues, carbon consultants are increasingly reinventing their businesses to expand into alternative opportunities in related fields like renewable energy, clean technology and environmental sustainability, irrespective of their carbon component.
Top engineering institutes and business schools across the country are going green with a vengeance. Seeing a growing market for green managers in the country, B-schools and universities are learning fast to offer management lessons in environment-related disciplines.
Power pinching in the past three years has saved the country electricity worth one ultra mega power plant, or 5,000 mw. What’s more, the country’s avoided power capacity addition has been doubling annually over the past three years.
UK-India Business Leaders Climate Group discusses laying down of a charter of principles, actions and mechanisms to cut carbon emissions and identify business opportunities to fight climate change in both the countries.
Signalling the complete operationalisation of the Jawaharlal Nehru National Solar Mission, non-renewable resources minister Farooq Abdullah and power minister Sushil Kumar Shinde release the guidelines for the selection of new grid connected solar power projects.
Call it an Indian CEOs growing UN tribe. With the United Nations gradually viewing businesses as part of the solution rather than the problem to address issues like climate change and social development, a number of Indian CEOs are invited to occupy high chairs to lead serious non-business initiatives as well as share their experiences at important global conferences.
Two of India’s largest and respected businesses the Tata Group and Indian Oil have made it to the list of 270 companies worldwide to have adopted a human rights policy statement.
Leading Indian IT companies are planning to tap the $380-million low-carbon IT market, which is projected to grow at a CAGR of 40% to $4.2 billion by 2017.
When UN secretary-general Ban Ki-moon held a press briefing at the UN Global Compact Leaders’ Summit 2010 in New York, he had Ajit Gulabchand, CMD, HCC for company.