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Lucknow, Mar 29 : With climatic changes radically altering the business environment worldwide, the major challenge confronting the corporate world, largely perceived to be the worst contributor of greenhouse emissions, is to reconcile economic imperatives with environmental sustainability.
With this goal in mind, the Indian Institute of Management, Lucknow, on Saturday, deliberated on opportunities and challenges to the Indian businesses in the changed business paradigm. The two day seminar on ‘Climate change: opportunities and challenges for corporates’, drew eminent experts in the field of climate change.
Speaking at the inaugural session, Prof Sushil Kumar, IIM-L said, “The challenge for business honchos lies in developing sustainable business strategies which align environmental, social and economic goals of businesses”.
Talking about clean development mechanism (CDM) and how it can be used by the corporate world, Umamaheswaran, manager, Carbon Procurement Unit, GTZ, said India has become the leading destination in the carbon market. “There are as many as 321 registered projects in India and the country is the 2nd largest (after China), in terms of the volume of certified emission reductions (CERs) envisaged. The way ahead lies in continuing to mobilise private sector participation in CDM”.
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