India’s Road to COP26 | Virtual Summit

May 5, 2021

Accelerating business ambition and action on climate

Global attention is now on India – the third-largest carbon emitter, and one of the fastest-growing
economies in the world. Business action to support climate will remain key to enable India to step up its ambition on its NDCs and align with a trajectory of 1.5°C. Engagement with Indian companies is critical to setting India on this ambitious decarbonisation path.

The summit is a key moment for Indian businesses to demonstrate their commitment and ambition to drive climate action on clean energy, industry and transport systems in the lead up to  COP26. The event is the first in a series of three events – in May, September (Climate Week NYC) and  November (COP26). The three events will serve as a call for Indian companies to take further climate commitments and demonstrate their ambition on renewable energy, energy efficiency and electric mobility pathways.

India is currently facing unprecedented times during the pandemic, especially as the country reels under the fierce new wave of COVID-19. We understand that the path to recovery from this new wave of COVID is going to be a big task for India. A massive investment of resources will be required to transform dated systems and build resilience across sectors. Additionally, we will have to navigate those barriers created by structural inequalities widely prevalent in the country and those that will emerge. It is in times like these that renewed commitments and forging action-oriented, powerful partnerships become crucial.

Energy, transport, and industrial efficiency are critical sectors to drive deep decarbonisation as India
witnesses growing technical capabilities in these areas. With strong political backing, unwavering
investment and a propensity for innovation and change, we can offer a safe future even in the most
uncertain times.