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Thursday June 4, 02:47 AM
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Source: Indian Express Finance
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Go from minimum regulation to innovative solutions
By The Financial Express
Post-Stern report, climate change has become school curriculum. And corporate greening has come to occupy centrestage in corporate calculus as well as governance algebra. The world has finally come to put a cost on resource utilisation and the value of renewables.
If the new government really wants to show its face to the world as a forward looking and globally savvy government, then it needs to first look at providing corporate India a green heart.
The clear priority for government is to go from minimum regulation, say against water depletion, to find and deploy innovative solutions to renew resources. Most significantly, the will to change has to be created.
Business has a leadership role in developing and driving green karma initiatives. Influencers (and not just NGOs) must make strong noises about sustainability, not just as a moral option but as a viable route in creating valuable cost savings. Zero-waste and zero-effluent companies and biomass increasing companies must be lauded. They even give smaller entrepreneurs a huge opportunity to set up companies to supply to this sunrise industry. They could just be the much desired suppliers to the future of our own and of our earth.