India Champions Industry-Led Climate Action at COP30: TERI Hosts High-Level UNFCCC Press Conference on Net-Zero Pathways

17 November 2025, Brazil: The Energy and Resources Institute (TERI) today convened a high-level official UNFCCC Press Conference at COP30, spotlighting India’s rapidly growing industry-driven climate action and the country’s evolving leadership in shaping global net-zero pathways.

The Press Conference titled, “Accelerating India’s Industry-Led Climate Action for a Net-Zero Future” brought together distinguished experts from climate science, sustainable finance, global coalitions, and industry, underscoring the urgency of cross-sectoral collaboration in accelerating decarbonization.

The session highlighted the growing role of Indian businesses in advancing ambitious climate commitments, partnerships globally, alongside TERI’s long-standing work through the Industry Charter for Near Zero Emissions Ambition by 2050.

Mr Arupendra Nath Mullick, Associate Director, TERI remarked, “We were delighted to see such strong partners of India, Brazil, and COP30 at our event.”

Speaking at the event, Mr Dipak Dasgupta, Distinguished Fellow, TERI; IPCC AR6 author; and Member of the COP30 Presidential Scientific Council, emphasized that successful COP30 hinges on “a credible climate finance roadmap, stronger adaptation funding, and mechanisms to protect critical ecosystems such as the Amazon. Strong new directions are emerging that can triple flows. At COP30, we are forming a multi-sovereign guarantee fund — not just another guarantee mechanism, but a coalition of sovereigns coming together to finance the next stage of climate action. We are setting up a design lab to demonstrate how massive next-generation climate investments — including carbon capture and green hydrogen — can be financed at scale. A just transition cannot happen only at the national level. We are committing equal effort to financing climate action at sub-national levels, with South–South cooperation as a major driver,” he added.

Dr (Ms) Thelma Krug, Former Vice-Chair, IPCC, and Chair of the COP30 Presidential Scientific Council, highlighted “the scientific urgency underpinning COP30 and welcomed Brazil-India South-South leadership that link industry transitions with climate resilience. Science shows that it is very unlikely we will be able to limit warming to 1.5°C — but exceeding it temporarily does not mean the end of the world. With the right actions and carbon removal, we can still return to 1.5°C,” she added.

Representing global industry collaboration, Mr Andrew Prag, Managing Director (Policy), We Mean Business Coalition; Mr Thomas Guillot, CEO, Global Cement and Concrete Association; and Ms Julia Souder, CEO, Long Duration Energy Storage Council (LDES Council), shared insights on scaling low-carbon technologies, strengthening coalitions for sectoral transformation, and ensuring long-duration energy storage as emerging backbone of net-zero systems.

Mr Prag highlighted, “Our global survey shows that 99% of Indian business leaders support a rapid transition to renewable energy — and 84% want it within the next decade. A strong and investable NDC sends a long-term signal to industry that this is the direction of travel — aligning business incentives with national goals. Looking ahead, electrification across transport, industry, and buildings is emerging as the most exciting pathway — linking renewable supply with demand across the economy.”

Mr Guillot averred, “In Europe, we see many carbon capture projects delayed because transport infrastructure is not ready. India can leapfrog by building cross-industry partnerships from the start. India is essential to global decarbonization. We must find financial solutions that make low-carbon cement and concrete viable in India’s growth context.”

Ms Souder said, “As renewables takes up more space, storage and grid management are keys everywhere – Brazil to India.”

Mr Jyotin S Kutty, Vice President & Chief Sustainability Officer, Tata Motors Ltd, underscored “industry momentum toward clean mobility and the relevance of TERI’s multi-stakeholder platforms in shaping policy-aligned climate solutions”.

Mr Arupendra Nath Mullick, Associate Director and Vice President, TERI Council for Business Sustainability, emphasized the importance of India’s collaborative leadership as COP30 marks a decade since the Paris Agreement. He reiterated “Success breeds success. Today’s convening is a true testimony to TERI’s commitment to building innovation-driven, public-private climate partnerships relevant to South-South cooperation and aligned with the Paris goals”.

Reflecting on the key messages emanating from the high-level convening, Dr Vibha Dhawan, Director General, TERI opined that “Businesses reflect the changing values and changing economics, which the world is currently witnessing, by focusing on resource efficiency and clean energy. As businesses carry out such initiatives, we need to make sure that others learn about it and the first-movers become the pioneers to inspire action by many. It is time now that we recognize stronger, forward-looking climate targets—grounded in current technological progress and real-world business progress—can offer a practical and investible pathway for future climate ambition.”

The Press Conference reinforced the importance of building resilient financing pathways, accelerating technology innovation, and enabling stronger alignment between industrial strategies and global climate goals.

Also Read: PM Modi to Release 21st PM-KISAN Instalment on November 19

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