Using Climate Tech for Achieving Net Zero & Resilience- by Sanchayan Chakraborty and Santosh Singh in “Impact Investing Handbook 2022”
This article is a comprehensive guidance on the landscape of climate tech Impact Investing in India and positions climate tech impact investing as a multi-faceted approach to catalyzing different scales of social impact in India and brings in analytical insights on key market trends and investment opportunities. The overall Impact Investing Handbook 2022, a pioneering initiative by Impact Investors Council (IIC) in collaboration with The British Asian Trust was launched at ‘Prabhav 2022’ in New Delhi.
Climate change is already resulting in, and is projected to increasingly cause, huge disruptions on economic activities, ecological systems and societal wellbeing. To mitigate the worst climate impacts, greenhouse gas emissions must be halved by 2030 and reach ‘Net-zero’ by 2050 from current levels according to the Intergovernmental Panel on Climate Change. This recognition has led to increased focus by both countries and corporations, on mitigation of climate risks and adaptation towards climate change. Globally, 77 parties representing 84 countries have pledged a net zero target covering 73% of global GHG emissions as per Climate Watch’s Net-Zero Tracker. In addition, 5000+ businesses have announced their own net-zero commitments under the UN’s Race to Zero campaign. Fulfillment of these climate commitments, encompassing both reduction of emissions and improving resilience to climate change, will require wide-ranging investments in climate technology development, building of green and climate smart infrastructure and transformation of business processes