India, one of the first nations to sign the Paris Climate Agreement in 2015, is currently the third-largest emitter of greenhouse gases in the world, behind China and the US. Although per capita emissions continue to be below the global average, the biggest contributors to sharply growing emissions levels are cattle, rice fields, and coal power stations. A year after expressing their commitment through independently determined “nationally defined contributions,” India ratified the Paris Agreement (NDC). The country’s extensive natural resources and environmental variety make it vulnerable to climate change. Threats to the area include increasing monsoon variability and melting of the Himalayan glaciers on a regular basis.
By 2030, India has pledged to reduce its economy’s carbon intensity by 33 to 35% from 2005 levels. The production of cement and the burning of fossil fuels both produce carbon dioxide. They consist of gas flaring and carbon dioxide created through the consumption of solid, liquid, and gas fuels. India has also been taking practical measures to uphold its commitment to the Paris Climate Agreement, particularly by reducing CO2 emissions and increasing the intensity of its mitigation efforts. India is preparing to uphold its Paris Accord commitment, and they are anticipated to decide soon.
Why enexion Group?
One of the most significant challenges encountered by businesses as they embark on their sustainability path is by correctly managing the risks associated with climate change. By performing regional and company-specific climate analyses, it is first important to determine the physical and financial risks associated with climate change in terms of managing the risk. Actions that can be taken in the process after the evaluation of risk and opportunity criteria, including stakeholders, are determined. Enexion Group offers assistance at every step by consulting to business stakeholders as we establish your criteria and targets for your climate risks with the help our expert team.