Climate Action - Assisting business towards carbon neutrality

The emergence of India and China as energy and economic giants poses a huge challenge for all countries, developing and developed, to find a sustainable path to economic growth and prosperity. In China, for example, there has been a rapid increase in motor vehicles with an annual growth rate of over 10 per cent and increases in oil consumption and carbon dioxide emissions associated with onroad transportation.

India too is a fast growing economy and faces a great challenge to provide energy to over 600,000 human settlements, with a population of over one billion which is still growing. India's own carbon dioxide emissions are projected to increase rapidly at current rates. The country, like China, has no obligations under the Kyoto protocol and is unwilling to agree to any targets that might compromise economic growth or poverty alleviation.