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International conference discusses climate protection potential in India

May 2017 - This year the “India Climate Policy and Business Conclave” took place for the tenth time. On March 23 and 24, 2017, the event successfully brought together political decision-makers, representatives of private companies and practitioners in New Delhi to discuss the potential for implementing climate protection measures, corporate climate protection and the role of carbon markets in India.

The event was organized by the German Society for International Cooperation (GIZ) GmbH and the Association of the Indian Chamber of Commerce and Industry with the participation of the Ministry of Environment, Forests and Climate Change of the Indian government, as well as the BMU and the World Bank. The annual conference serves as a platform for political dialogue, knowledge exchange on global developments and professional networking. This year's meeting enabled an exchange between the private sector and representatives of public institutions on the Paris Agreement and the implementation of the Nationally Determined Contributions. One of the focal points was India's ability to implement its climate protection goals.

Emphasized in his opening speech Sir Nicholas Stern, Chair of the Grantham Research Institute on Climate Change and Environment at the London School of Economics and Political Sciencethat in the next 15 years global emissions would have to be reduced by 20% in order to have a realistic chance of complying with the 2 ° upper limit. This can only succeed if one recognizes the scale of this challenge. Against this background, Sir Nicholas Stern called on policymakers and development banks to create the necessary framework conditions that enable companies to make appropriate investments. This is made possible, for example, by issuing guarantee funds to protect against political risks and long-term political imponderables. Mr Rajani Ranjan Rashmi, Special Secretary of the Indian Ministry of the Environment, Forests and Climate Change assured the participants that India is well on the way to achieving its ambitious climate protection goals and measures by 2020. He also announced that the ministry would shortly publish the second Biennial Update Report (BUR). Mr Wolfgang Lahr from the German Embassy in India welcomed the idea of ​​the conference, as it enables an exchange between different actors in the climate debate. It reaffirmed Germany's willingness to actively support other countries on their way to a low-carbon economy.

The meeting, which immediately follows the General Assembly of the Partnership for Market Readiness of the World Bank, attracted over 200 participants from 35 countries. The current status of global climate policy was discussed in numerous plenary sessions and the participants exchanged views on the role of carbon markets, climate finance and adaptation to climate change. In addition to the plenary sessions, industry experts provided practical advice for decision-makers. In a specially designated CEO meeting, the participants were able to gain an insight into how companies interpret the challenge of climate change.