Climate equity is crucial, says Nadir Godrej, urges India to embrace carbon trading

During Mumbai Climate Week, industrialist Nadir Godrej emphasized the importance of climate equity, particularly in the context of India's late industrialization. He argued that while fairness in climate action is crucial, India must not overlook the potential benefits of clean energy advancements. Godrej advocated for the adoption of international carbon trading mechanisms, highlighting the significance of carbon pricing and afforestation-linked carbon credits. By engaging in these strategies, he believes India can enhance its sustainable development while contributing to global climate goals. His remarks underline the need for a balanced approach that addresses both equity and environmental sustainability, urging policymakers to create frameworks that facilitate these initiatives.