India Roundtable

QUESTION: Although India contributes only a small percentage of the world's greenhouse gases, it is among the countries that are likely to be hardest hit by global warming. The Sundarban Islands in the Ganges Delta, where tens of millions of people live, are threatened with extinction as a result of rising water levels. Yet some in India argue that global warming is the fault of developed nations, and it should be up to them to fix the problem. What can and should India - and Indian companies - be doing in this area? What can and should the developed world be doing on India's behalf?

Manvinder Singh (Vindi) Banga
Manvinder Singh (Vindi) Banga
President, Unilever foods division
India must be concerned about climate change as it will be impacted adversely in multiple ways. But also because it will add to the problem as it steps up its pace of growth and builds new power plants to fuel the voracious needs of this developing nation. So what can it do? It can learn from the mistakes of the developed world who have largely ignored this problem for too long! And start early. The Indian government must join hands with Indian industry to evolve a strategy and action plan. This could focus on improving carbon efficiency in the immediate and medium term.

To do this it will need help in the form of appropriate knowledge and technology; it is in the interest of the developed world to ensure that we have economically viable access to this technology. I am very concerned at the growing move to Biofuels as the solution. This is because it will use edible oils to replace petrol. This will have a very detrimental impact on food prices especially for those that can barely afford it! Put another way we will be using FOOD TO FUEL CARS! I would therefore wish that the developed world takes equally urgent steps to curb consumption in the immediate term - rather than resort to alternate fuels - because the first generation Biofuels will fuel food prices in a world where millions are still hungry.

Manvinder Singh (Vindi) Banga

Dominic Barton

Nandan M. Nilekani

Carol Bartz

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.