Private Sector To Accelerate Global Energy Transition Drive
In 2016, when the Donald Trump-led US administration pulled out of the Paris Climate Agreement, stakeholders asked how the world could make a global transition towards clean energy without the US being part of the agreement. John Kerry, Climate Envoy to President Joe Biden, said back then that marketplace developments such as ESG conversations happening in boardrooms around the world, sustainable development goal discussions, and the prospect of companies having to disclose their climate impacts will drive the energy transition with or without the US. "I personally believe it is the private sector that is going to make the greatest difference here because no government has the amount of money necessary to accelerate this transition at scale," he added.
The statement reflects the role of the private sector in accelerating the global energy transition towards clean energy and the technological innovations that they can bring. The government may lay a foundation, a policy framework, but it is the private sector that has the potential to take that giant leap in terms of research and development to push the transition pedal harder.
Chhavi Agarwal, Head Investor, Exide Industries; Deepak NG-Managing Director, Dassault Systèmes India; Gauri Sarin, Founder Making Model Gurugram, Bhumijaa- a platform for organic agripreneurs, Living without Medicine; Samrat Sengupta, General Manager Sales – Climate Change, EKI Energy Services Ltd and Umasankar Mahapatra, Managing Director, Pulcra Chemicals India discuss the role of the private sector in accelerating this global transition towards clean energy by throwing light on growing trends in boardrooms with regards to clean energy, sustainable development goals, and disclosing climate impacts. They also share what technological innovations their respective sectors can bring to create a robust collaborative framework with the government in fighting the climate emergency.
