Environmental Defense Fund in India

Hisham Mundol, Chief Advisor for India at the Environmental Defense Fund, highlights the competitive advantage of emissions efficiency and outlines three key asks from #Budget 2024-2025 : a) Bonuses for green manufacturing, b) direct financing for sustainability solutions, and c) incentives for advanced R&D. Watch👇 https://lnkd.in/gvvRkU3b

"While the growth in climate finance has been promising, hitting an annual flow of $44 billion by 2020, mostly for energy and mitigation... India’s #climate finance needs will be several times the current levels, particularly in sectors beyond energy like agriculture, water, industrial efficiency, freight, and infrastructure." Hisham Mundol & Vrashabh Kapate write for The Economic Times about how India needs a staggering $2.5 trillion by 2030 to meet Paris Agreement targets, and even more, more than $10 trillion by 2070 for net-zero. https://lnkd.in/g_hXSJWZ

"India has a bold vision to become the first major economy to industrialise without #carbonising. This requires a concerted effort from the public & the private sector. We aim to help catalyse this action by sharing our scientific and economic expertise and by amplifying our partners’ capabilities on the ground. All solutions need a rock-solid foundation of science and economics, as well as an astute understanding of political economy – all of which is what we bring to the table." Hisham Mundol, Chief Advisor of Environmental Defense Fund in India, writes for Saur Energy International Magazine on how #climate focussed Non-Profits make an impact. https://lnkd.in/g95st2YM

Our white paper with Observer Research Foundation assesses Carbon Pricing instruments and its role in India's carbon market. In India, the purpose of Carbon Markets, at least in the short to medium term, is to increase #EnergyEfficiency and reduce #emissions per unit of output, while continuing to drive economic expansion. The authors Mannat Jaspal and Manjusha Mukherjee conclude that "Carbon pricing is by no means a silver bullet, but by leveraging its unique strengths, embracing innovation, and fostering international collaboration, much can be achieved". Read full report here: https://lnkd.in/gQ_YpgZ8

"Extreme heat aggravates existing income and health inequities," says Hisham Mundol Indian hospitals begin to adapt to new climate reality with specialist heat units set up to deal with cases of heatstroke. Read Context Newsroom for more details. https://lnkd.in/gFN2usBK

"Half of India’s population depends on agriculture for income and livelihood. Per capita rural incomes are lower than national averages. The sector is hugely fragmented with nearly 150 million operational farms, 30 million farmers involved in backyard poultry, and 30 million fisherfolk on 160,000 fishing vessels. This level of disaggregation serves to make the case for both the opportunity and the imperative for a digital and data technology revolution." Hisham Mundol writes about the role of #blockchain in agriculture for businessline https://lnkd.in/eMxB74ig

"India’s pharmaceutical industry is a global powerhouse...This shining star does however have two chinks in the armour that industry leaders will be well served to address. One is the need for the sector to invest more in research and development (R&D) for the innovations that will fuel long-term competitiveness... "The second chink is its climate and environmental footprint. It is not intuitively thought of as a high-emissions sector, but one study found that the emissions intensity of the world’s top 15 pharma companies was 55 per cent higher than comparable figures for automotives, which are more conventionally regarded to be a high-emissions sector. Indeed, another study made the comparison that if healthcare was a country, it would be the world’s fifth largest emitter." Hisham Mundol Chief Advisor, EDF India writes for the indianexpress.com on how the Pharma industry can reduce its climate and environmental footprint. https://lnkd.in/g6Uy74Ud

As a new government prepares to take oath in India, there will be much to determine. Inspiringly, one thing that has broad consensus is the critical need to address climate change. I outline what I think are the 6 priorities for India for CNBC-TV18. Energy: Economic growth requires energy - but accelerating the capacity and utilisation of renewables energy will reduce the emissions intensity of energy. Water: Left unchecked, there is a real risk for groundwater - which is essential for drinking and agriculture. Scaling up science-based practises is critical. Forest Cover: The single biggest carbon sink we have is our forests and biodiversity. A mission-mode approach to these sectors is the need of the hour. Agriculture: Farmers are at the frontline of climate change and everything needs to be done to serve their interests. Industrial Efficiency: India Inc. needs to start investing mindspace and money to realise the shareholder value creation opportunity from responsible business. Climate Tech: The Indian economy will double every decade for the next few decades. Climate tech is one way that emissions do not grow at a same rate. Do read more here. As always, eager to hear your comments and grateful for spreading the word. p.s. Happy World Environment Day https://lnkd.in/gUg59pCH Environmental Defense Fund Environmental Defense Fund in India #India #Bharat #Energy #EnergyTransition #Renewables #JustTransition #Solar #Wind #Nuclear #Hydro #Storage #Water #GroundWater #WaterSecurity #Agriculture #ClimateSmartAgriculture #Dairy #ClimateSmartDairy #Fisheries #SustainableFishing #NetZero #NDCs #IndustrialEfficiency #HeatEfficiency #FreightAndLogistics #Forest #ForestCover #Biodiversity #PLIs #ClimateTech #ClimateFinance #GreenFinance #ClimateRisk #ClimateAction #SustainableLivelihoods #SharedSustainableProsperity #IndianPathway #IndianInnovation #StartUpIndia #InnovateInIndia #WorldEnvironmentDay

Hisham Mundol, Chief Advisor, EDFInida speaks to StartupTalky on India's sustainable growth, EDF's initiatives in climate action, and the critical role of businesses and individuals in protecting our environment. It was #WorldEnvironmentDay on June 5. Read the full interview here. https://lnkd.in/gvCv7HgZ