Download “Climate Change” as one of the TOP

Risk & Business Solutions
TAKING STOCK OF
THE CLEAN DEVELOPMENT MECHANISM
UNDESA – TERI
workshop on
Climate Change and Sustainable Development
7 – 8 April, New Delhi
Presentation by Chaitanya Kalia
Ernst & Young
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Contents
In this presentation……
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Climate Change – the business perspective

Climate Change – a view of business community

CDM in India
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CDM – the way forward
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Contact details
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Climate Change – the business perspective
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World Economic Forum (2005) – Global Risk to Business
Environment recognizes “Climate Change” as one of the TOP-10 risk.

…. can disrupt markets throughout the world with almost instantaneous
precision. Such risks can be difficult to anticipate and respond to, even for
the most seasoned business leaders.
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…Seldom can global risks be addressed by a single business entity,
industry or country….
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…. There is also a large discrepancy between the immediate time horizon
employed by most business and political leaders and the long-term
approach required to tackle risks on a global scale….

…As a result, our capacity to address risk is jeopardized; a myopic
tendency – or worse: denial – prevails.
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Climate Change – a view of business community

What works best with the Business Community…Converting Risk
into Opportunity
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Example…TOYOTA-Hybrid Gas-electric vehicle, Brand value of
environment friendly company

Keeping a long term … “Sustainable view” is always a challenge; …in doing
so they can be punished by the markets. Which is threat to their existence.

Risk Management Strategies would require – Understanding the Risk, its
impact and to some extent developing tolerance towards that

Considering the trans-boundary nature of Risks, Business would depend on
Cross-cutting, International Intuitional Mechanism…and there are very few
of them
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CDM in India

Till the last count approx 240 projects approved by DNA, mostly private
sector and public and Govt. is catching up fast

More than 100 of ET500 companies are developing projects under CDM

In last few months Every 3rd day there is an article on Climate Change/CDM

Global buyer’s (50 to 100) analyzing all these projects, asking questions to
these “xyz” companies

Do you know Organizations with CSR (GRI/WBCSD) disclosure are “Hot
Favorite” ?

The “me too” effect
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High In-tangible value of a tangible commercial transaction
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CDM …moving forward
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Many more innovative projects of GHG reduction would come-up
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Cross border transparent evaluation of projects
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Wind fall profits?
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To explore Sustainability and CDM links…
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To look at CDM beyond numbers
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Thank you
Chaitanya Kalia
Sr. Manager, ESS
Ernst & Young,
18th Fl. Express Towers
Nariman Point, Mumbai - 400021
[email protected]
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