| |
Mainstreaming Sustainability in Business Planning and Practices |
|
|
|
|
|
|
|
|
|
Editorial
Dear Industry Colleague,
Today marks the beginning of United Nations annual
convening on climate change in Dubai. COP28 UAE will be a
milestone moment when the world will take stock of its progress on the Paris
Agreement. The first Global Stocktake (GST) will provide a comprehensive
assessment of progress since adopting the Paris Agreement. This will help align
the efforts on climate action, including measures that need to be put in place
to bridge the gaps in progress. Developing nations are seeking
compensation for the impacts of climate change at the upcoming COP28
talks.
Direct CO2 emissions from industry are around 9 Gt of CO2
per year, or about one quarter of total CO2 emissions from the global energy
system. Advanced economies account for around 20% and emerging market and
developing economies for around 80%, although complex global supply chains for
the production of materials and manufacturing mean that advanced economies
generally consume far more finished goods than they produce. Heavy industry
sectors – steel, cement and chemicals – account for around 6 Gt (or around 70%
of industrial emissions). Production is highly concentrated in emerging market
and developing economies, which account for 70‐90% of the combined output of
these commodities. Hence, the voice of Indian industries will be
significant in these climate talks.
Indian business leaders from
amongst the Council’s network, along with our global partners, will be at COP28 to amplify the
needs for predictable policy discourse and highlight key solutions and
practices that will accelerate decarbonization of Indian industries. We look
forward to your active engagement at COP 28. We shall follow-up with a COP28
debriefing session, to delve into the key implications and opportunities for
Indian manufacturing and services sectors, including the MSMEs. We are sure
that these deliberations shall provide stronger and deeper foundation for the
climate negotiator and scientific communities.
Jointly developed with Shell, our report titled “India Transforming To A Net-Zero
Emissions Energy System - A call to action to 2030” shall provide
you with key messages of how clean energy will look like in the decades to
come. Technical proposals on why storage of electricity is
necessary for meeting demand round the clock and the details of range of possible mitigation
strategies for Net Zero steel sector are available, alongside the actions
undertaken by the signatory companies of the Industry Charter for Near-Zero
Emissions Ambition by 2050, instituted by TERI.
Our Council for Business Sustainability serves as the
interface for our research work to be connected to the corporate world and
enables two-way engagement. TERI CBS engages with the core issue of what
businesses must do to shape and lead in sustainability. Your suggestions and
feedback remain a constant source of inspiration for us.
We hope that the newsletter provides a good and
insightful reading for you.
-
Mr. Arupendra Nath Mullick, Vice President - TERI CBS
|
|
|
|
|
|
GAIL (India) Ltd is one of India’s leading natural gas companies
commanding a~70% market share of gas transmission and ~50% gas trading share. Recognizing
that transitioning to green energy is key to tackling the global energy and
climate crisis, and building sustainable economies, the company is diversifying its business beyond
the value chain of natural gas to include renewables such as wind, solar and
biofuels.
GAIL has joined hands with the TERI Council for Business Sustainability
(TERI CBS) to leverage their capabilities on energy to together promote the
agenda of sustainable development and contribute to India’s climate actions and
its net-zero commitment.
|
|
|
|
"We are a member of a number of respected industry organizations and associations, which provide a forum for discussing industry issues and bringing industry voices to the attention of the government in order for it to develop more inclusive policies and reforms. In FY 2022-23, GAIL was a member of TERI Council for Business Sustainability (CBS) and 20 other national and international institutions"
- Toward
Net Zero [GAIL (India) Ltd Sustainability Report 2022-23]
| |
|
|
|
|
|
|
|
Freight Greenhouse Gas (GHG) Calculator
Transportation
is key to the economic development of a country. However, the sector is equally
important from climate change perspective, given its significant contribution to GHG
emissions. As per a 2020 estimate, 40% of the final energy use in Indian
transport sector was contributed by freight transport.
Given the importance of
planning GHG reductions in the transportation sector, TERI with support from
GIZ, India and the Department for Promotion of Industry and Internal Trade
(DPIIT), Ministry of Commerce and Industry, Government of India, developed a web-based user-friendly
Freight GHG Calculator to enable users to
estimate, and make informed choices on the type of modal transportation to use.
The calculator quantifies and monetizes the environmental impact of freight
transportation in India, with the emissions quantified on a well-to-wheel
basis. | |
|
|
|
Pumped Storage Plants - Essential for India's Energy Transition
India’s goal of developing 500GW of non-fossil fuel capacity by 2030 is dependent upon large-scale
energy storage, with pumped storage projects (PSPs) emerging as a critical
option for ensuring optimal utilization of improved solar capacity, reliable
supply and grid stability.
The report ‘Pumped Storage
Plants – Essential for India’s Energy Transition’ by TERI spells out measures
for the ways in which large-scale PSP capacity can be developed in this decade
to facilitate India’s clean energy goals. Some of the recommendations include development
of on-river and off-river pumped storage plants, competitive bidding of PSPs,
and ensuring competitiveness of PSPs in comparison to thermal power plants by
ensuring that the tariff for renewable energy plants combined with storage
capacity with PSPs is cheaper than thermal power plants. | |
|
|
|
State of Climate Action 2023
The
‘State of Climate Action 2023’ report released by Climate Action Tracker has
translated the Paris Agreement’s temperature limit into 1.50C
aligned targets across sectors like energy, industry, transport, offering an
assessment of recent progress towards them. While progress has been made in
adopting zero-carbon technologies like solar and wind power, heat pumps and
electric vehicles, certain other actions such as continued deforestation have made
collective efforts for GHG emission reductions woefully short.
Released
ahead of the first Global Stocktake due at COP28 in Dubai, the report highlights
actions of importance such as improved coverage of rapid transit systems,
shifting to sustainable diets and scaling up global climate finance by ~$500
billion per year throughout this decade.
| |
|
|
|
Upcoming Events: TERI @ COP28 |
|
Operationalising the Loss and Damage Fund with Equity and Efficacy
16:45
– 18:15 hrs (UAE Time) | SE Room 4, Blue Zone, COP28
The event will explore challenges involved in the establishment and operationalization of the loss and damage fund, and focus on solutions and a potential roadmap that can operationalize the fund and aid developing countries in addressing increasingly adverse impacts of climate change. |
|
|
|
Accelerating Action Through Citizen Science: Role of COP and Beyond
12:15 – 13:15 hrs (UAE Time) | Al Fanar Hall, Green Education Hub, Green Zone, Expo City
This convening will map the nexus between oceans and climate change, and discuss the role of citizen science tools like “Global Learning and Observation to Benefit the Environment” (GLOBE), and “Microplastic Monitoring Protocol Trial” (MMPT) in promoting climate change education among the youth
|
|
|
|
High Level Roundtable - Transformative Climate Leadership for Actions on Finance, Technology and International Cooperation
10:30 – 13:00 hrs (UAE Time) | BCG
Pavilion, Green Zone, COP28
TERI, in
association with BCG, India is organizing a roundtable discussion where experts will share
their insights on key levers that can help accelerate industrial decarbonisation and
finance India’s long-term low-carbon development strategy (LT-LCDS). |
|
|
|
Panel Discussion with IPCC Chair and Indian Business Leaders
17:00
– 18:00 hrs (UAE Time) | Climate Live Pavilion, Blue Zone, COP28
TERI is organising a panel panel
discussion with the current Chair of the Intergovernmental Panel on Climate Change (IPCC), Professor Jim Skea and Indian business leaders, wherein deliberations by stakeholders from the energy and industry sectors will
focus on actions for industry decarbonisation, and how best to accelerate them. |
|
|
|
High-Level Convening on Green Market Instruments: Spotlight On Steel Sector in Emerging Economies
15:15 - 16:15 hrs (UAE Time) | Marrakech Partnership Pavilion, Blue Zone, COP28
TERI, in association with Climate Catalyst and
Mission Possible Partnership is organizing a panel discussion highlighting the role of technology transfers and financing technologies in accelerating industry
decarbonisation, with a special focus on the steel sector. |
Just Energy Transitions and SDGs: Tools and Enablers
13:15 - 14:45 hrs (UAE Time) | SE Room 3, Blue Zone, COP28
TERI, in association with Asia Society Policy Institute; and Center for International Climate Research (CICERO) will organise a discussion to synthesize perspectives on enablers such as climate finance, green budgeting, social protection measures and international cooperation initiatives on just energy transitions. |
|
|
|
High-Level Convening on Accelerating Multistakeholder Cooperation for Climate Actions in the Global South
11:30 - 13:30 hrs (UAE Time) | Nordic Business Pavilion, Blue Zone, COP28
TERI, in
association with DNV is organizing a panel discussion on how acceleration of financial and technology flows from developed countries can help decarbonise industrial value
chains across the developing world. |
|
|
|
|
|
|
|
Watch leading business leaders lend their
support to the ‘Industry Charter for Near Zero Emissions Ambition by 2050’
instituted by TERI. Through this video, charter signatories and members of TERI
CBS highlight the benefits of availing membership of the Council. |
|
|
|
|
|
|
|
An Economy – wide Quantified Goal on Energy Efficiency in
India
Given that energy efficiency is
often referred to as the “first fuel” of energy conservation, this TERI policy
brief proposes three models for India to set economy-wide energy efficiency
targets. These include setting targets as per India’s Net Zero commitment of
2070; adopting a bottom-up sectoral approach, and using a federal unit
approach where states can determine their targets that can be aggregated to
develop an economy-wide efficiency target. |
|
Achieving Green Steel: A Roadmap towards a Sustainable Steel Sector in India A Technical Annex
TERI, under the flagship of the
Energy Transitions Commission (ETC) India, worked on analysing decarbonisation
of hard-to-abate sectors. This updated version of the technical annex on
achieving green steel provides an overview of the Indian steel sector, options
available to reduce carbon emissions, and the role of resource efficiency on
mitigating the impact of hard-to-abate on the environment. |
|
Climate Lessons from G20 for Dubai COP28
The G20 New Delhi Declaration agreed to pursue the goal of tripling renewable energy capacity, and doubling energy efficiency
efforts to enable faster energy transition. In this opinion piece, Mr. R R
Rashmi, Distinguished Fellow, TERI, points that with no reference being made to
the phase-down of fossil fuels, and with carbon removal technologies remaining
unviable, the emphasis on renewable energy and improved financing from MDBs can
ensure that COP28 does not lose the essence of promoting sustainable
transitions. |
|
|
|
|
|
|
|
|
|
|
.jpg)
.jpg)
