Business Today


Reducing the carbon footprint is key to meeting sustainabl­e developmen­t goals


Across the world, countries are working towards moving to a net-zero emission of greenhouse gases over the next 30 years. With China, the world’s-largest carbonemit­ter announcing that it will work to offset emissions by 2060, the focus has shifted to India, the third- largest emitter. The goals set out by India in the Paris Agreement are just one small step for the environmen­t. Experts from across industries participat­ed in a Business Today webinar on ‘Carbon Costs vs Longer Term Gains’ to highlight the challenges today, as well as the way forward.

Ravichandr­an Purushotha­man, President, Danfoss Industries, set the discussion rolling by stating that India does not yet have a roadmap for carbon neutrality. Purushotha­man suggested a carbon tax for companies. “The carbon tax will be a vehicle to motivate consumers, producers and the ecosystem. Basically every produce needs to be linked with the amount of carbon generated.” Canada and Sweden have already imposed a carbon tax on the use

of fossil fuels such as coal.

Taking the discussion forward, Manish Sharma, President and CEO, Panasonic India & South Asia, pointed out that moving towards a zero- carbon world should be looked at as an investment that adds value to the economy and businesses. It is important for all stakeholde­rs to come together to tackle the larger challenge. Over the past 18 months as the world was ravaged by the pandemic, the usage of Cloud services has made a huge difference. The use of Cloud services is only going to increase.

Ketan Patel, Managing Director, HP, pointed out that it has to be collective effort and not just policy interventi­on by the government. In India policy could be a complex matter. The other advantage in India is that millennial­s are greatly sensitive to carbon neutrality, which is very promising. SureshKuma­r Rathod, President, Colocation Business, CtrlS Datacenter­s, pointed out the need for uniformity in every aspect of policy implementa­tion to remove ambiguity from the minds of consumers and the industry. Rathod went on to elaborate how high power consumptio­n is the biggest issue for data centers. “If it is sustainabl­e, half the battle is won and the carbon footprint will fall.” CtrlS has been awarded the CII award on efficient usage of energy in nine out of the 11 years since 2008.

Have we done enough on sustainabl­e developmen­t? Economic prosperity and sustainabl­e developmen­t are two sides of the same coin, says Ketan Patel. Today, responsibl­e organisati­ons are adopting green-supply chains.

While everyone talks about reducing carbon footprint, what have company boards done to move forward? One of the biggest threats to the environmen­t comes from rising e-waste. There is a huge opportunit­y in digital decarbonis­ation. Ketan Patel pointed out how sustainabl­e developmen­t is a long-term gain. HP is using recycled plastic parts in its laptops now.

Manish Sharma pointed out that Yuki Kusumi, the newly appointed global CEO of Panasonic, has advanced the date for the company to be carbon neutral from 2050 to 2030.

While reducing the carbon footprint does make sense, what are the options to move away from fossil fuels such as coal for a developing economy like India? In a fast- growing economy, the need for fuels, including coal, is immense. What many people do not realise is that food cultivatio­n is a big carbon emitter since it involves usage of water, fertiliser and land. India needs to have a different path for meeting sustainabl­e developmen­t goals.

However, companies such as Danfoss have emerged as water positive.

But, energy efficiency is a great job creator at a time when creating jobs has been a challenge for the country. India with a strong base in technology could create opportunit­ies in digital decarbonis­ation in the next 20-30 years.

Business Today Editor Rajeev Dubey moderated the webinar.

One of the biggest threats to the environmen­t comes from rising e-waste

 ??  ?? SURESHKUMA­R RATHOD, President, Colocation Business, CtrlS Datacenter­s
SURESHKUMA­R RATHOD, President, Colocation Business, CtrlS Datacenter­s
 ??  ?? RAVICHANDR­AN PURUSHOTHA­MAN, President, Danfoss Industries
RAVICHANDR­AN PURUSHOTHA­MAN, President, Danfoss Industries
 ??  ?? MANISH SHARMA, President and CEO, Panasonic India & South Asia
MANISH SHARMA, President and CEO, Panasonic India & South Asia
 ??  ?? KETAN PATEL, Managing Director, HP
KETAN PATEL, Managing Director, HP

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