Event Details
Climate change is recognized as a significant manmade global environmental challenge and it will continue to influence our world for generations to come, if timely actions are not taken. The warming of the climate system is unequivocal, as is now evident from observations of increases in global average air and ocean temperature, widespread melting of snow and ice, and rising global mean sea level. It impacts all countries, but is particularly severe for developing countries like India, given their vulnerabilities, inadequate means and limited capacities to adapt to its effects. The signing of historic Paris Agreement has been a landmark development which has brought together all nations to a common cause of combating climate change. Indian Government has also committed in its Intended Nationally Determined Contributions (INDCs), a reduction in the emissions intensity of its GDP by 33 to 35 per cent by 2030 from 2005 level and achieving about 40 percent cumulative electric power installed capacity from non-fossil fuel based energy resources by 2030 amongst other measures. India has already registered a reduction of about 12% over a five year period of 2005 to 2010 due to several measures taken. Going forward, the contribution of Indian industry in energy efficiency, renewable energy and green buildings would go a long way towards meeting INDC targets.
Indian industry need to adopt voluntary emission reduction targets and beginning to source renewable power. Many companies have started to adopt Internal Carbon Pricing. As India work towards reducing greenhouse gas emissions intensity, numerous investment opportunities are likely to emerge in the key sectors. These include (a) Renewable energy: 175 GW by 2022 which is the largest renewable capacity expansion program in the world presents huge investment opportunity in the sector in coming years (b) International Solar Alliance of 121 tropical countries will mobilize $ 1 trillion (around INR 67 lakh crore) for investment by 2030 (c) Green Buildings: Ten billion sq. ft. of green buildings is being targeted to be set-up in India by the year 2022, leading to significant investment requirement in the sector and (d) Cleaner Conventional Energy Technologies: All coal fired capacity additions shall be through supercritical units. The investment requirement in clean conventional energy technologies is relatively higher, at present. The challenge is to find reliable and affordable solutions for technologies that would reduce the carbon footprint and also meet the developmental requirements. The industries are required to be prepared to meet the challenges of green house gas reduction. For the first time, the world began to hear a new phrase slowly creeping its way into the climate lexicon: "Net Zero." "Net zero" essentially means contributing nothing to global warming. Such a goal suggests that a country would not put any more man-made carbon into the atmosphere. A growing coalition of countries, cities, businesses and other institutions are pledging to get to net- zero emissions. More than 70 countries, including the biggest polluters โ China, the United States, and the European Union โ have set a net-zero target, covering about 76% of global emissions.
Over 1,200 companies have put in place science-based targets in line with net zero, and more than 1000 cities, over 1000 educational institutions, and over 400 financial institutions have joined the Race to Zero, pledging to take rigorous, immediate action to halve global emissions by 2030.
On the above background, Indian Chamber of Commerce (ICC) in association with the State Pollution Control Board, Odisha is organizing the 3rd Edition of National Conference on "CLIMATE CHANGE INITIATIVES โ "Alternative energy and mobility solution towards achieving Net Zero" on 8th September 2022 : 1000 hrs: Hotel Swosti Premium, Bhubaneswar. The Conference will give a platform to understand the latest development in Climate Change Policy Resolutions & Strategies and various alternative sources of energy and technological development & smart resource utilization by experts. The Conference will also present the Industry's various revolutionary initiatives and success stories to address climate change issues and energy efficiencies. It will cover presentations of industries from major Industrial sectors.
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Technical Session-Iwill cover deliberation on Sustainable Energy as an effective tool for Climate Change and will include deliberations on various alternative sources of energy and technological development by experts from Bureau of Energy Efficiency (BEE), MOEF & CC, GoI, TERI The Energy and Resources Institute (TERI), DOEF, GoO, etc.
Technical Session-II will present the Industry's various revolutionary initiatives and success stories to address climate change issues and energy efficiencies. It will cover presentations of industries from various major sectors like Mining, Iron & Steel, Thermal Power, Aluminum Smelter, Renewable Energy etc.
