August 6, 2020

Climate Resilience Approach Not An Option But A Need, Says Ratul Puri

Economic Forum, Ratul Puri, Chairman Hindustan Powerprojects talked about India’s development agenda hindustan.powerfor the forum. “World Economic Forum has yet again put the spotlight on the critical issue, but this time with a focus on building a ‘Climate resilience’ approach to ensuresustainablegrowth.” said Ratul Puri at a session during the World Economic Forum which focused on ‘How can government and business prepare for growing climate risks?’ The panel comprising of IHS chief economist NarimanBehravesh, JohanRockstrom, executive director of the Stockholm Resilience CentreandRatul Puri had an agenda to chalk out measures to address the pressures that the world will have to face while continuing its development agenda.

“The Regional Business Council, India (RBC, India) had discussed lot of measures that would be required to realise the India’s potential and this discussion is a step forward i.e. how to make these plans Climate resilience. Even as India is likely to be the most populous nation by 2030 and will require an USD 1.7 trillion for its build out in the infrastructure sector to meet the needs, energy will have to play a critical part. India will require a balanced mix of energy sources in its build out and hence there will be a need for a balance because renewables including solar are intermittent in nature, and therefore any grid system as it is designed out needs to have abalancedapproach.“ Ratul Puriadded.

He also spoke, “The Indian Government has made a very conscious decision at arriving at the energy balance and thereby signalling its intent to be ‘climate friendly’. The discussions during the National Strategy Day organized by Regional Business Council were on identified growth areas for the country. The tone for these discussions were set in November by the RBC, India when sessions were focused on the mega trends for India, namely, agriculture (Furthering the New Vision for Agriculture), infrastructure (Renewing Infrastructure Finance, Building clean energy alliance), Taking Talent to Market, Smart cities etc. India is on right track and will act as a beacon for other countries to adopt its strategies”