Sunday, July 13, 2008

Climate change comes second after growth for India Inc

 

New Delhi, Jul 13 (PTI) For most of India Inc, tackling the adverse impact of climate change is second preference as they aim for growth and expansion, claims a study, which also warns that such an approach will cost the firms dearly in future.
According to the survey by the business chamber Assocham, of the 180 top firms and 240 employees interviewed, "at least 79 per cent still first prefer to take their expansion and diversification plans to logical conclusion while the issue of climate change and global warming is second best preference for them." Nearly 21 per cent of domestic firms were taking mitigating steps to curb greenhouse emissions, an encouraging fact considering that two years ago, the ratio of Indian Inc fighting global warming was just below 10 per cent, claims the survey.

Suggesting that a lot needs to be done, the survey points out that the Indian Inc is still way behind the 55-60 per cent global ratio.

The 21 per cent of green corporates have partnered with developed world to respond to climate change needs, the survey said.

The respondents favoured public private partnership model as being done in developed countries to protect the environment from damaging effects of global warming "but the partnership offer between Indian corporates and the government is yet to pick up required pace." PTI

 

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