In a recent World Economic Forum survey 86 percent of India’s leading companies agree that there is a strong business case for investing in Natural Climate Solutions. In terms of action, they invest very little, far below what is required
A recent World Economic Forum report argues that there is a business strong case for for businesses to invest in natural climate solutions (NCS) in India. The report is based on a survey of some of the country’s largest companies.
The inference is founded on solid data gathered by the surve: 86 percent of India's leading companies believe that there is a business case for NCS investments as they could yield a slew of benfits like carbon sequestration for net-zero goals, improved brand reputation and increased business resilience. Such enthusiastic sentiments regardless private sector investments currently lag far behind what is needed.
Amid rising climate-related risks, which could cost India 6.4 percent of its GDP at 2°C of warming, escalating to over 10 percent at 3°C, NCS emerge as a vital strategy. With an estimated 30 percent of forestland in India considered degraded, NCS offer a comprehensive solution that benefits ecology, people and planet by emphasising conservation and restoration efforts.
The objective this paper is to guide the country on existing and upcoming policies as it seeks to foster public-private partnerships for forest landscape conservation and restoration. The paper offers insights, opportunities and recommendations for a sustainable future, urging more substantial private sector participation to address climate risks and degraded forestlands effectively.