Experts Says there is an urgent need to create awareness on climate crisis

Hyderabad: The Federation of Telangana Chambers of Commerce and Industry (FTCCI), the trade and industry body in Telangana, organized an event on ‘Impacts of Climate Change on Indian Manufacturing: Agenda for Policy Change in Energy and Production’ in Hyderabad. The event opens the curtain on COP-27, the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change, scheduled to be held in Sharm al Sheikh, Egypt, from 6 to 18 November. Speaking at the event, experts, activists and speakers emphasized that there is no economy if there is no environment, adding that there is an urgent need to raise awareness of the climate crisis.

Anil Agarwal, President of the FTCCI, said: “Climate change is one of the most important problems we face. It is also a truly global problem in the sense that no single country can influence the outcome. It can only be solved if all countries put together a global response. Climate change is one of the most significant and difficult issues the developed world has ever faced.” Anil added: “Climate change can impact all major sectors of the economy which account for more than 80% of India’s GDP, of which 14% of the weight is aligned to the manufacturing sector. Usual (BAU) is estimated at around 2% of India’s GDP by 2050. Now is the time when India needs to act to prevent the country from losing economic potential by 2050 due to lack of adequate effort against climate change.”

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Bollampally Indrasen Reddy, MD of Four Solar Energy Systems, said: “There is an urgent need to shift from fossil fuels to renewable energy. Of all sectors, industries consume the most energy. Renewable energy is the cheapest and cleanest energy. The ROI is 3.5 to 4.5 years. It reduces greenhouse gases, which are vital for our life. We are already witnessing extreme heat in cold places, melting ice, flooding all over the world due to the climate crisis.”

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Narasimha Reddy Donthi, Center for Earth Leadership and Sustainability (CELS), said: “Unfortunately, we are not on track to limit warming to 1.5°C. Global temperatures are likely to rise above 2°C above pre- -industrial by 2100. Atmospheric carbon has emerged as the biggest threat. Energy, agriculture and forestry and land use contribute to 91.6 percent of greenhouse gas emissions by sector.” Himalayan region, coastal regions and health and disaster management. Industry can help control climate change by using materials more efficiently, reusing, recycling, minimizing waste; currently underutilized in policy and practice.”

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Retired IICT scientist K Babu Rao said: “There are no signs that Indian industry is moving towards climate compliance. Unfortunately, the industry is opting for small, inefficient coal-fired captive power plants so far. According to the World Bank, it is staggering at Rs 3.75 lakh crores per year and 23% mortality among children.” He added: “The top 1% of global emitters have caused nearly 25% of emissions since 1990. The world needs to move away from coal, gas and oil for sustainable lives. We need growth – growth that emphasizes sustainable economic progress to promote low carbon , inclusive development”.

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