We need to think of decarbonisation as a development strategy: NITI Aayog

Incorporating sustainability into the overall development strategy will necessitate increased participation and the role of states.

Emphasising the need to think of decarbonisation as a development strategy, Suman Bery, Vice Chairman, NITI Aayog, asserted the need for pathways towards development through decarbonisation to factor in uncertainty and resilience while delivering the presidential address at the 21st Darbari Seth Memorial Lecture in New Delhi on recently.

“The focus on resilience calls for diversification in the manufacturing sector, energy imports, raw material supply, in technology, capital and sovereign partnerships,” said Bery, speaking at the annual lecture series conducted by The Energy and Resources Institute (TERI). Bery added that incorporating sustainability into the overall development strategy will necessitate increased participation and role of states, as well as an investment push in which multilateral development banks can play a pivotal role.

“Internationally, India’s economic diplomacy should aim to secure adequate diplomacy space to follow a so-called no-regret decarbonisation policy,” said Bery.

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