ENVIRONMENT

Addressing climate change is good business

Climate change is one of the most formidable challenges globally. The year 2020 has been one of the warmest years on record and over 50 million have been affected directly due to climate extremes in the form of floods, wildfires, droughts, precipitation anomalies, etc., as per the UNEP Adaptation Gap Report 2020.

Although the Paris climate agreement has set the broad blueprint and guidelines to tackle climate change, much is left to the countries to implement the agenda domestically. India is already facing challenges of water shortages, food security issues, loss of development dividends with impacts projected to grow in coming times.

Through its climate plans, largely the “nationally determined contributions” (NDCs), India is incorporating strategies in an attempt to mitigate carbon emissions while also adapting to already existing climate impacts through resilient infrastructures and coping mechanisms in the form of early warning systems, watershed structures, building river embankments, and so forth.

Source
the hindu businessline
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