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Transcript
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 !@ # Contents In this presentation…… Climate Change – the business perspective Climate Change – a view of business community CDM in India CDM – the way forward Contact details !@ # Climate Change – the business perspective 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. …Seldom can global risks be addressed by a single business entity, industry or country…. …. 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. !@ # Climate Change – a view of business community What works best with the Business Community…Converting Risk into Opportunity 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 !@ # 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 High In-tangible value of a tangible commercial transaction !@ # CDM …moving forward Many more innovative projects of GHG reduction would come-up Cross border transparent evaluation of projects Wind fall profits? To explore Sustainability and CDM links… To look at CDM beyond numbers !@ # Thank you Chaitanya Kalia Sr. Manager, ESS Ernst & Young, 18th Fl. Express Towers Nariman Point, Mumbai - 400021 [email protected] !@ #
