The Net Zero Emissions Bill 2022

The Net Zero Emissions Bill 2022 was introduced in Rajya Sabha on December 9, 2022. It hasn’t received the attention that it deserves. The Bill creates a structure that will enable India to achieve the net zero target set out at the Glasgow Summit and incorporated in India’s NDCs (Nationally Determined Contributions). To achieve theContinue reading “The Net Zero Emissions Bill 2022”

Inflation, Sustainability and Consumer Behaviour

High inflation rates have persisted for quite some time now. As a result, inflation affects both (a) how businesses operate in a high inflation environment and (b) how consumers respond with their purchase decisions. In an inflationary environment, businesses face higher costs due to increased input prices. Staff costs rise too as the company needsContinue reading Inflation, Sustainability and Consumer Behaviour

Stranded Assets and Finance

The shift to net-zero requires moving away from fossil fuels (coal, oil, and gas) and decarbonizing production processes and supply chains. Thus, new equipment or new methods may be required. This results in stranded assets. In this article published in Artha (journal of IIM Calcutta) I explore stranded assets and their implications and focus onContinue reading “Stranded Assets and Finance”

A Just transition

Faced with the climate crisis, companies are rapidly transitioning to a green economy. However, this transition is often painful, disrupting people’s lives and livelihoods. Businesses have often gone about the transition as if “transition is assured, justice is not.” Trade unions questioned this mindset in the US in the 1990s. The concept of just transitionContinue reading “A Just transition”

IPCC Report: How to bring a change?

IPCC has released three reports in rapid succession. These reports cover: August 2021: What is the problem? February 2021 How serious is the problem? April 2022: How can the problem be solved? The latest report titled “Mitigation of Climate Change” focuses on three key aspects: The target of 1.5 degrees is almost out of reach:Continue reading “IPCC Report: How to bring a change?”