siliconindia | | AUGUST 20229To achieve an entirely or predominantly decarbonized electricity sector by 2035, the discussion pointed out that emission from coal power generation is the single most significant cause of global warmingSoutheast Asian countries. On industrial decarbonization opportunities with G7, Deepak Sriram Krishnan, Associate Director, WRI India's Energy Program, said India could try and negotiate the transitions related to thermal power plants as well as coal mining. "A second area of transition, which is of critical importance for us, is our industrial sector, especially the MSMEs. Given that a significant number of them are exporting to markets like the G7 or are part of supply chains of companies, which may have their headquarters in the G7 countries. It would also be important to try and negotiate for financial flows and technology transfer for the industrial sector decarbonization as well".On how G7 dragged its feet on climate action and commitment, Vaibhav Chaturvedi, Fellow, Council for Energy Environment & Water (CEEW), said, "Cooperation on climate change mitigation and adaptation was one of the important issues for the G7 discussions". India's ambitious mitigation targets warranted a solid commitment from the G7 countries on climate finance for India, through a Just Energy Transition Partnership. The outcome from the summit on this front has been disappointing. Looks like rich countries are again dragging their feet, rather than acting fast to support India's ambition. "India will have to continue to ramp up pressure on the developed world to deliver fast on climate finance through various channels". In an edition of siliconindia, Syed Fahad, Executive Director, Golden Hatcheries, said, "With the alarming rise of global warming and its subsequent harmful effects on the climate, the homeostatic balance of the earth has reached its breaking point. It is high time for businesses to mend their ways by switching over to eco-friendly Energy sources".
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