The Business & Climate Summit is the leading annual forum for businesses, investors and policymakers on climate action. It is where business and governments come together to agree on a roadmap for reaching net zero emissions over the next half century.
2017 Business and Climate Change Summit was held in New Delhi, India. Indian Union Minister of Environment, Forest and Climate Change, Dr. Harsh Vardhan, inaugurated the Summit.
This Summit demonstrates how low carbon strategies are good for business and good for growth – and builds the partnerships needed to scale up and accelerate the low carbon transition.
In the aftermath of the Paris Agreement we are on an irreversible path to a net zero carbon economy. However, to keep the average global temperature increase well below two degrees, we must act faster and more decisively than ever. It’s no longer just about commitments, it’s about real climate action.
Business holds the key to meeting global carbon reduction targets; and collaboration between business and government is critical to success. Forward thinking companies with climate change at the heart of their business strategies will reap the benefits of high return investments while those that don’t will face greater risks – from policy, investors and climate change itself.
The Business & Climate Summit bring together leaders from business, government and finance to deliver real climate action. Building on the overwhelming success of last year’s event which boasted some of the world’s most influential CEOs and policymakers, the Summit will set out a roadmap for how business, in the short, medium and long term, can take advantage of a swift transition to the net zero carbon economy.
India is also planning to establish a voluntary carbon market with World Bank assistance with focus on uncovered areas.
The world came together in 2015 and agreed upon the Paris Agreement under the UN Framework Convention on Climate Change. It came into force in November 2016 and till date, 160 Parties have ratified the agreement. India as a party to the Paris Agreement is committed towards its successful implementation.
