A green economy can lead to sustainable growth

Hyderabad, November 05, 2023….. The Federation of Telangana Chambers of Commerce and Industry (FTCCI) organised its CEO Forum, the place an interactive session on ‘Green Economy’ was held this weekend late night at Park Hyatt, Banjara Hills.

The CEOs Forum was the primary within the 4 sequence this 12 months and was organised with the help of Radha TMT and ICICI Bank.

The Panelists had been Srinivas Cherla Director of Sustainability, Research and Innovation Circle of Hyderabad (RICH), Govt of Telangana; Dr Rambabu Paravastu Chief Sustainability Officer, Greenko Group and Masood Mallick Executive Director and Chief Executive Officer Re Sustainability Limited.

They had been in dialog with Anil Agarwal, Convenor of the CEO Forum. The future technology ought to have a greater atmosphere. All our deeds should bear that in thoughts, stated he whereas initiating the panel dialogue.

A green economy is an economy that goals at decreasing environmental dangers and ecological scarcities, and that goals for sustainable improvement with out degrading the atmosphere, stated Meela Jayadev giving his opening remarks.

Your presence right here at this time reveals your dedication to selling sustainability and a greater future for all.

Participating within the panel Srinivas Cherla Director of Sustainability, Research and Innovation Circle of Hyderabad (RICH), Govt of Telangana spoke about Industrial use circumstances of Hydrogen, Telangana Government’s efforts to set up a Green Hydrogen Valley within the Telangana area and widespread adoption of green hydrogen by industries. We engaged with a various group of stakeholders who’ve expressed curiosity in transitioning to green hydrogen. Some of them embody Steel, Fertilisers, Glass, Data Centres, Pharmaceuticals, Cement and others. We have additionally discovered that enterprise priorities, necessary de-carbonisation compliances, and transition impacts range considerably amongst trade gamers and sectors. He urged industries all for exploring the potential of green hydrogen in your sector to join in order that we speed up our transition to a extra sustainable future.

RICH helps construct Centres of Excellence in green hydrogen amongst others. A green hydrogen coverage was additionally proposed and a draft was made and circulated for session. The coverage was drafted and notified in step with its robust coverage give attention to renewable vitality, a path of internet zero vitality transition by 2070, he added. He shared a couple of provisions of the stated draft coverage. The Policy ambition is to produce half 1,000,000 metric tonnes of Green Hydrogen Production Capacity by the 12 months 2030.

Dr Rambabu Paravastu, Chief Sustainability Officer of Greenko Group, defined Climate Maths and spoke about reaching a 1.5-degree local weather pathway. To restrict international warming to 1.5 levels centigrade, annual emissions want to be halved by 2030. If the restrict crosses 1.5 levels, international warming turns into irreversible. This means NTPC, Reliance, the businesses like them can’t be in enterprise the best way they’re operating it now. Similarly, Cement, Steel, chemical trade can not manufacture because it manufactures at this time. Today we’re emitting greater than 35 billion tons of carbon dioxide (CO2) into the environment by burning fossil fuels. The entire trade wants to remodel within the subsequent three a long time. The 1.5-degree centigrade local weather change pathway goes to be disruptive, he noticed. If we obtain internet zero, India can be vitality unbiased and we want not import oil. It is a singular alternative for Indi. The pathway in direction of internet zero is a chance, he stated.

A Green Economy appears to be a wonderful alternative to rework our infrastructure, he added. He spoke about survival within the internet zero.

India’s annual emissions are 5 instances lower than the worldwide common, he stated.

Masood Mallick Executive Director and Chief Executive Officer Re Sustainability Limited stated 93% of copper, 100% lithium, and cobalt are imported by India. But we throw the objects made utilizing them in landfills. In different phrases, we’re throwing our treasured overseas forex in landfills. If the identical is recycled and reused, we might have treasured pure sources. It can be a superb enterprise alternative. Everything can be recycled, he introduced. The subsequent massive query is how to choose the fitting expertise. Integration and inclusion are the few pillars you can see in choosing the proper expertise, he stated.

Speaking additional he stated the financial worth of a tree is fastened by the Supreme Court as Rs 76,000/- Similarly we should permit pure sources to discover their worth then solely the mindset of conservation comes, he stated. In his concluding remarks, he noticed that the time for a Green Economy arrived. And the easiest way to method that is to use a science-based lens to deal with it.

Sunil Saraf, MD of Raha TMT, Ajay Saraf, Executive Director of ICICI Bank, Suresh Singh, Senior Vice President, Ravi Kumar, Vice President, CEO Khyati Naravane, a number of previous presidents, retired bureaucrats, diplomats and trade leaders graced the CEOs Forum.