UK-India Innovation Partnership Initiatives (UKIPI) under COP26
The 2021 United Nations Climate Change Conference (UNFCC), also popularly known as COP26 is scheduled to be held in Glasgow, Scotland during 1 – 12 November 2021 under the UK presidency, with assistance from the Scottish Government.
Department of International Trade (DIT) and Science & Innovation Network (SIN) India; Foreign, Commonwealth and Development Office (FCDO), UK government has commissioned a Scoping study project, in partnership with Finovista and Unconventional Connections, UK to identify the suitable Indian Corporates working actively to reduce their carbon footprint in their business operations and also for their domestics and international clients.
INDIA has set an ambitious emission reduction target. To meet its National Determined Contribution (NDC), the country has pledged to reduce the emission intensity of GDP by 33%-35% by 2030 compared to 2005 levels. India has taken some crucial steps in reducing its carbon prints like replacing conventional wood-burning stoves with more efficient ones, providing solar-powered lighting and promoting scientifically and economically sound climate-smart farming techniques through use of information technology platforms. Moreover, currently even the private sector plays a pivotal role in creating low-carbon sustainable economies and has embarked on a number of voluntary actions on climate change that can contribute towards achieving India’s NDC goals.
It has been estimated by NITI Aayog that for India, the “mitigation activities for moderate-low carbon development” would cost around ₹5 trn / £600 bn by 2030. Therefore, India needs some novel and cost-effective technology that could help in reducing carbon emission.
United Kingdom (UK) is the first country in the world to set a long-term emissions reduction target as part of the Climate Change Act 2008 and in 2019, became the first G7 country to implement a legally binding commitment to achieve a net-zero emissions economy by 2050. Further, to achieve the target, recently Hon’ble Prime Minister has sets out ambitious ten points plan for a green industrial revolution, and to mobilise £12 bn of government investment to create and support up to 250,000 highly-skilled green jobs in the UK, and spur over three times as much private sector investment by 2030.
India is an emerging global power and establishing a strong trading relationship with India is crucial for the UK’s economic, security, and geopolitical interests.
UK Government hopes to build strong new UK-India collaborations with a focus on developing solutions to major GHG reduction challenges faced by India. Both sides have expressed an interest in working towards a Free Trade Agreement.
Are you an Indian Corporate looking for UK Solutions to Decarbonise India?
Conducting research to map Indian Corporate carbon reduction initiatives & challenges and the scope of building a partnership with UK Researchers / Companies, which has potential solutions and technologies. The aim is to explore whether UK Government support and collaboration could increase the acceptance of such solutions in India – the programme may be announced at 2021 United Nations Climate Change Conference (UNFCCC), also known as COP26. It is scheduled to be held in Glasgow, Scotland from 1 – 12 November 2021 under the presidency of the UK Government.
Fill the profiling Questionnaire (CLICK HERE) today!, that we have developed for this study/research, it will take less than 10 minutes.
Contact our Programme Team at finovista@localhost for more information.
Could you help Indian companies reduce their carbon footprint?
There are many ways the UK could help Indian companies reduce GHG emissions. We are working with the Department for International Trade and UK Science and Innovation Network in India to scope a possible programme to enable this.
If you have an expertise or technology that could make a difference to an Indian company, we want to hear from you.
Pls visit the the page to know more and complete your Profiling