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India launches Carbon Disclosure Project

India launches Carbon Disclosure Project
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First Published: Sun, May 06 2007. 12 53 PM IST
Updated: Sun, May 06 2007. 12 53 PM IST
PTI
Mumbai: Close on the heels of the intergovernmental panel demanding immediate action on climate change, India has taken the initiative to launch the Carbon Disclosure Project (CDP), to enable companies rate their green house gas (GHG) emissions.
The initiative was mooted by CII and WWF amidst an across-the-board corporate presence where companies looked at exploring ways to deal with corporate social responsibility (CSR), profitability and feasibility of compliance with carbon emission norms.
Discussions veered around the ability of companies to finance alternative technologies, develop eco-friendly methods of production, and seek ways to climb to the platform of global norms to garner carbon credits and environmentally acceptable standards.
“Climate change is the biggest issue of today, overriding any other,” Chairman of Geneva-based Earth Council Reto Braun told PTI. “India must wake up to the need for corporates to take responsibility even though in many ways you may be ahead.”
“Climate change is not just a buzzword or has erupted as a major issue in the last few months, rather the problem has gained momentum in recent times though what we are facing today is the results of seeds sown in the last 50 years,” he said.
“The Earth Council works with the United Nations and believes there is hope to stem the “heat”, by educating people disseminating information and encouraging inter-country contact between people.”
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First Published: Sun, May 06 2007. 12 53 PM IST
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