One such initiative, aimed at the business side of things in the climate and energy areas, is the India GHG Program, a voluntary framework for businesses to measure and manage their greenhouse gas emissions. The reader may ask: why would businesses, keen on maximizing their profits, want to put up with the cost of measuring, not to mention managing or reducing, their GHG emissions? The idea is simple: it is often in the businesses' interest. As notes Greg FitzGerald of Carbon Analytics, an Oxford-based technology venture, cutting emissions often leads to cost reduction, efficiency improvements, risk reduction (particularly in jurisdictions where legal GHG-reduction targets are expected), and brand and reputation improvement as a business that cares about more than just short-term profit.
|Mumbai's all new sea bridge in the front and Mumbai's all new skyline in the back. Zoom into the picture and see the cranes everywhere. The Indian construction boom is certainly real in Mumbai. Source: Author.|