ICC's Nath On Accelerating Climate Action In India

The transcript discusses India's efforts in green initiatives, climate action, and renewable energy. It highlights India's progress in ratifying the Kigali amendment and achieving significant renewable energy capacity. The discussion also covers corporate transitions towards green practices and the challenges of mobilizing private capital for green projects. Expectations from COP 26 include commitments to net zero emissions and financial mechanisms to support clean energy in developing countries.

What is one of the main challenges in mobilizing investment for green recovery in India?

• Lack of interest from stakeholders

• Insufficient government support

• Difficulty in aligning with international standards

• Balancing economic growth with environmental goals

Which international agreement has India ratified as part of its climate action efforts?

• Paris Agreement

• Kigali Amendment

• Montreal Protocol

• Kyoto Protocol

What is a significant achievement of India in the renewable energy sector?

• Leading in wind energy production

• Achieving net-zero emissions

• Crossing 100 gigawatts of installed renewable energy capacity

• Becoming the largest producer of solar panels

How are Indian companies balancing green and ungreen investments?

• By gradually transitioning from brown to green

• By prioritizing short-term profits over sustainability

• By focusing solely on green projects

• By maintaining equal investments in both

What is a key focus area for the ICC in decarbonizing heavy industries?

• Enhancing energy efficiency in buildings

• Increasing solar energy production

• Developing low-carbon steel

• Reducing emissions in the automotive sector

What is one of the expectations from developed countries at COP 26?

• Providing financial support for clean energy in developing countries

• Eliminating fossil fuel usage completely

• Achieving net-zero emissions by 2030

• Reducing carbon emissions by 50%

What is a proposed solution to attract private capital into clean energy infrastructure?

• Mandating corporate investments

• Increasing government subsidies

• Implementing financial derisking mechanisms

• Raising taxes on fossil fuels