5 Ways India Can Ensure The G20 Supports Business To Deliver A Cleaner And Sustainable Future

In this thoughtful article, Rasmus Valanko and Gitika Mohta say that we are in the decisive decade for climate action. Global emissions must be cut in half by 2030, to avoid the worst impacts of climate change. With India's presidency of the G20, India has a unique opportunity to chart a healthier, safer, more sustainable future not just for its own citizens but also for others on our shared planet.

- Rasmus Valanko and Gitika Mohta

India’s presidency of the G20 comes at a point when the world faces multiple, interconnected crises: energy, climate, nature, health. To tackle the climate crisis, the science is clear. We must phase out all fossil fuels in order to limit global temperature rise to 1.5°C.

As a leading voice of the global south, India can change the course of history by continuing to take bold action on climate change.

India has already shown leadership with strong national commitments on renewable energy as well as hydrogen through its National Green Hydrogen Mission. India’s annual budget for 2023 focuses on green growth with major investments allocated towards a cleaner energy transition. At COP27, business was strongly encouraged by India’s international leadership in calling for a phase-down of all fossil fuels.

At We Mean Business Coalition, we work with thousands of companies across the world and stand ready to support India’s leadership to drive meaningful progress on this vital topic throughout its G20 presidency. With the right policies and incentives, all G20 nations can stimulate business to scale up investments and innovations for clean solutions within energy systems as well as in diverse sectors such as heavy industry and transportation. With the right policies that accelerate a shift away from fossil fuels, countries can reliably attract private investment into the growth industries of tomorrow.