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Business Standard
14-05-2025
- Business
- Business Standard
India must promote efficient products, services in water resources: Expert
Speaking on the sidelines of Ecosperity Week 2025 held from May 5-8 here, Ghosh noted improvements in the expansion of water infrastructure in the country Press Trust of India Singapore Having put its renewable energy programme in progress mode, India needs to now promote the use of efficient products and services for its water resources, given the country is critically vulnerable to climate change, an environment expert said at a conference held in Singapore. I think it is important that India's Bureau of Water Use Efficiencysimilar to BEEensures that its activities, whether developing standards or regulatory direction, lead to the promotion of efficient use of water in irrigation, municipal and industrial sectors, said Dr Arunabha Ghosh, CEO of the New Delhi-based Council on Energy, Environment and Water (CEEW). The Bureau of Energy Efficiency (BEE) is a renewable energy-guiding group in India. Ghosh said while work was being done on managing resources, water conservation needs to be scaled up across the country. Speaking to PTI on the sidelines of Ecosperity Week 2025 held from May 5-8 here, Ghosh noted improvements in the expansion of water infrastructure in the country, such as the Jal Jeevan Mission that provides functional tap connection within the premises of rural households, but was quick to add that there are a lot of areas for efficient use of water, especially in the agriculture sector. He said India has some 140 million hectares under agriculture and farming, where one of the most unproductive and age-old practices is to flood the fields for some seasonal crops. This is where water is being wasted for non-beneficial consumptive purposes, he pointed out, making an urgent call to educate farmers on water use and installation of technology-driven irrigation systems. The latter includes drip and sprinkler irrigation technologies. Among other developments, natural farming has started in Andhra Pradesh which requires consciously lesser use of water. It is now a national initiative and aims to reduce or eliminate fertilizer use and save water while gaining from increased farm output. CEEW's survey of 31 sustainable agricultural practices finds that five of them have exceeded 5 million hectares, showing the potential for more sustainable practices. Water harvesting is one of them, he added. Ghosh said retaining soil moisture is a hugely important approach for not just conserving water but also improving crop yields. If you flood your fields, your output actually comes down." Water conservation and water adaptation should not be an environmental sustainability agenda but an actual economic growth agenda, he stressed. By conserving water, farm output will go up, while the saved water can be reallocated for industry and domestic use which then can increase industrial production and have public health benefits, respectively. This way we are generating higher output from agriculture and industry, and helping contribute to the country's growing economy, said Ghosh, who, through 15 years of leading CEEW, participated in a large number of national and state-level studies and projects. He pointed out that less than 30 per cent of domestic wastewater was treated in urban areas in 2021. We need to ensure that waste water is not only treated and reused in a beneficial way but that no untreated effluent and residue flow into our rivers or lakes. We have to look at how that treated waste water can be reused to the maximum benefits of our fast-growing economy, he said, citing Singapore as an example for recycling waste water. The South East Asian island state, short of natural resources, harvests rainwater, and source water from other sources including imports of raw water from a river in neighbouring Malaysia, and treats its domestic wastewater for reuse, the latter constitutes about 40 per cent of its water supply. India is now also thinking of how the treated water will be used for industries or horticulture among others, Ghosh said. Our estimation is that several billions of dollars of income can be generated from reusing treated domestic wastewater in agriculture. He cited the example of Tamil Nadu, where industry was told some two decades ago to harvest rainwater or reuse treated wastewater or else municipal water would not be supplied. Such pressure can be applied in other industrial regions, especially smart cities and industry-specific corridors being established in the country, he said. Further, he underscored the need to understand the linkages between energy and water. The PM Kusum is the world's largest scheme of solar-based irrigation, he said, adding that it can be scaled further to convert existing electric and diesel pumps to solar-powered pumps or solarise energy feeders for pumping groundwater. India, he said, is a highly climate-vulnerable country. CEEW sees the need for developing a high-resolution climate resilience atlas for India as 75 per cent of the country's districts are now hotspots for extreme climate events floods, droughts, and cyclones among others, Ghosh added. Further, water leakages in cities need urgent checking by using sensors and SCADA systems. Pune, Nagpur and part of Delhi have already put in place such checking and control of some of the leakages from piped waters through installing bulk water flow meters, Ghosh said. Ultimately, citizens and economic agents have to understand that conservation and efficiency are actually good for them and the country's budget. Only then will efforts to conserve water scale up. If just left to monetary measures, water management will remain inefficient, he said.
Business Times
07-05-2025
- Business
- Business Times
BCG, Temasek see investment opportunities for private capital – in climate projects needing trillions in funds
[SINGAPORE] Yearly financing for climate adaptation and resilience projects could be between US$0.5 trillion to US$1.3 trillion by 2030, with the required amount growing even larger thereafter amid worsening extreme weather events, a report has found. The study, The Private Equity Opportunity in Climate Adaptation and Resilience, was launched by Boston Consulting Group and Temasek on Wednesday (May 7) at Ecosperity Week 2025, a sustainability event. The rising need for financing is evident, as 87 per cent of countries now have at least one national-level climate adaptation policy, strategy or plan in place, the report showed. Despite the growing expenditure, current global spending on climate solution projects is about US$76 billion a year, with public sources contributing the bulk of the amount. 'To meet the rising needs by 2030, there is an opportunity for private investment in the current gap,' the authors of the report said, also noting that the need for solutions is generating emerging value pools across value chains. Such projects range from flood defence and wildfire protection to climate intelligence and water efficiency technologies. A NEWSLETTER FOR YOU Friday, 12.30 pm ESG Insights An exclusive weekly report on the latest environmental, social and governance issues. Sign Up Sign Up Motivated to clear the misconception of climate projects being complex and nascent, lead author Daniel Oehling, a managing director and partner at BCG's Singapore office, said the report laid out the different types of investment opportunities in seven impact themes. Seven impact themes Food resilience Infrastructure resilience Health resilience Business and community resilience Water resilience Energy resilience Biodiversity resilience 'There are many companies that are sizable today, are specialised in what they do, highly profitable and fit to build for private industry networks,' he said. Examples with opportunities for both investments and exits include the flood defence business. In particular, the market for flood defence products, estimated at more than US$2 billion in 2024, would grow by 12 and 15 per cent at a compounded annual growth rate over the next five years. Its Ebitda (earnings before interest, taxes, depreciation, and amortisation) margin is estimated at 20 to 30 per cent, based on the report. The segment is where several ventures, such as Germany's IBS Technics and Norway's AquaFence, are at different stages of growth. The report also identified five factors that can help private equity investors determine the most promising projects, and assess their attractiveness in both the short and medium terms. Five factors to identify the most promising investment opportunities today Current investment activity Future investment Ease of downstream financing Private-sector demand signals Public-sector demand signals Projects that have pulled in high levels of investment activity but are putting out weak forward-looking signals include smart-grid management and precision agriculture. On the other hand, projects in climate-resilient building design, as well as rainwater and run-off harvesting, are projecting strong forward-looking signals, but are getting limited investment traction. At the same time, the report also warns investors to be mindful of potential conflicts in the environmental outcomes of some solutions. For example, manufacturing of concrete and steel, while playing important roles in fortifying infrastructure assets against extreme weather, consumes large amounts of energy and carbon. 'Investors in solutions such as low-carbon concrete and green steel, which address both climate adaptation and resilience and other environmental objectives, stand to benefit more in the long term,' it said. Speaking at a panel at the launch of the report, Jay Koh, co-founder and managing director of climate-resilience focused private equity firm The Lightsmith Group, highlighted the importance of investing in scalable solutions now, 'so that 15 years from now, when that inevitable future has arrived, we have the solutions available at scale to try to combat that'.
Business Times
07-05-2025
- Business
- Business Times
Climate projects need trillions of dollars a year – these are investment opportunities for private capital: BCG, Temasek
[SINGAPORE] Yearly financing for climate adaptation and resilience projects could reach US$0.5 trillion to US$1.3 trillion by 2030, with the required amount growing even larger thereafter amid worsening extreme weather events, a report has found. The study, The Private Equity Opportunity in Climate Adaptation and Resilience, was launched by Boston Consulting Group and Temasek on Wednesday (May 7) at Ecosperity Week 2025, a sustainability event. The rising need for financing is evident, as 87 per cent of countries now have at least one national-level climate adaptation policy, strategy or plan in place, the report showed. Despite the growing expenditure, current global spending on climate solution projects is about US$76 billion a year, with public sources contributing the bulk of the amount. 'To meet the rising needs by 2030, there is an opportunity for private investment in the current gap,' the report's authors said, also noting that the need for solutions is generating emerging value pools across value chains. Such projects range from flood defence and wildfire protection to climate intelligence and water efficiency technologies. The report laid out the different types of investment opportunities in various impact themes. It also identified the factors that can help private equity investors determine the most promising projects, and assess their attractiveness in both the short and medium terms.
Cision Canada
07-05-2025
- Business
- Cision Canada
THE GLOBAL CAPACITY BUILDING COALITION LAUNCHES ACCELERATOR AT ECOSPERITY TO SPOTLIGHT AND SCALE CLIMATE FINANCE CAPACITY BUILDING INITIATIVES
The inaugural GCBC Accelerator will provide high-potential projects with access to expert advisory, networks, and resources to scale solutions that work to accelerate investment in the transition in EMDEs SINGAPORE, May 6, 2025 /CNW/ -- Today at the Ecosperity Week 2025, Mary L. Schapiro, Chair of the Global Capacity Building Coalition (GCBC), announced the launch of the GCBC Accelerator, a global initiative that will identify, celebrate, and support high potential capacity building projects that mobilize sustainable finance to help bridge the investment and capacity gap in emerging markets and developing economies (EMDEs). The Accelerator, open to organizations, partnerships, or programs dedicated to building capacity in or for EMDEs, presents an exciting new opportunity for applicants to showcase their efforts supporting the development of climate finance needed to scale the energy transition. Applicants will be able to enter across three distinct categories: mobilizing sustainable finance, building climate capabilities, and fostering innovation. EMDEs, excluding China, face a nearly $2.5 trillion annual financing gap for sustainable development. Around half of this finance is expected to come from domestic resource mobilization, presenting a transformative opportunity for growth. Strengthening the capacity of financial institutions and professionals in local economies is a critical lever to unlock investment potential. Today, capacity building resources needed to scale the energy transition and sustainable development can often be fragmented, difficult to access, and unevenly targeted. The Accelerator seeks to address these barriers by spotlighting and supporting the world's most innovative and impactful capacity building initiatives that help channel capital where it's needed most. Mary Schapiro, Chair of the Global Capacity Building Coalition and Vice Chair of the Glasgow Financial Alliance for Net Zero (GFANZ) said,"Emerging markets and developing economies need access to the tools, resources, and support necessary to accelerate the clean energy transition. This Accelerator program is designed to identify and scale innovative efforts that support capacity-building, drive economic opportunity, and help build more resilient, sustainable economies. The GCBC is excited to elevate financial institutions, civil society organizations, and others that are engaging in this critical work." The GCBC will provide tailored support for selected Accelerator initiatives, including expert advisory, communications and marketing support, partnership facilitation, as well as practical and operational support for capacity building activities. The GCBC will announce selected applicants at New York Climate Week in September 2025. By recognizing these capacity building efforts within the climate finance ecosystem and supporting them to scale and replicate, the Accelerator aims to help organizations and individuals unlock opportunities and accelerate investment in the transition across EMDEs. Full information on the Accelerator is available here. Applications close at 11:59 PM ET on July 4, 2025. About the Global Capacity Building Coalition (GCBC) The Global Capacity Building Coalition (GCBC) is an unprecedented global initiative. It brings together many of the world's leading climate finance organizations to accelerate and scale climate and transition finance capacity building for financial institutions and finance professionals, particularly in emerging markets and developing economies (EMDEs). The Coalition is designed to enhance collaboration and respond to growing requests for capacity building support from financial institutions in EMDEs to meet the aims of the UN and the G20 Sustainable Finance Working Group (SFWG). The GCBC was launched by the U.N. Secretary-General's Special Envoy on Climate Ambition and Solutions Michael R. Bloomberg, alongside senior leaders of multilateral development banks, finance, and international organizations at COP28 in December 2023.
Yahoo
07-05-2025
- Business
- Yahoo
THE GLOBAL CAPACITY BUILDING COALITION LAUNCHES ACCELERATOR AT ECOSPERITY TO SPOTLIGHT AND SCALE CLIMATE FINANCE CAPACITY BUILDING INITIATIVES
The inaugural GCBC Accelerator will provide high-potential projects with access to expert advisory, networks, and resources to scale solutions that work to accelerate investment in the transition in EMDEs SINGAPORE, May 6, 2025 /PRNewswire/ -- Today at the Ecosperity Week 2025, Mary L. Schapiro, Chair of the Global Capacity Building Coalition (GCBC), announced the launch of the GCBC Accelerator, a global initiative that will identify, celebrate, and support high potential capacity building projects that mobilize sustainable finance to help bridge the investment and capacity gap in emerging markets and developing economies (EMDEs). The Global Capacity Building Coalition The Accelerator, open to organizations, partnerships, or programs dedicated to building capacity in or for EMDEs, presents an exciting new opportunity for applicants to showcase their efforts supporting the development of climate finance needed to scale the energy transition. Applicants will be able to enter across three distinct categories: mobilizing sustainable finance, building climate capabilities, and fostering innovation. EMDEs, excluding China, face a nearly $2.5 trillion annual financing gap for sustainable development. Around half of this finance is expected to come from domestic resource mobilization, presenting a transformative opportunity for growth. Strengthening the capacity of financial institutions and professionals in local economies is a critical lever to unlock investment potential. Today, capacity building resources needed to scale the energy transition and sustainable development can often be fragmented, difficult to access, and unevenly targeted. The Accelerator seeks to address these barriers by spotlighting and supporting the world's most innovative and impactful capacity building initiatives that help channel capital where it's needed most. Mary Schapiro, Chair of the Global Capacity Building Coalition and Vice Chair of the Glasgow Financial Alliance for Net Zero (GFANZ) said, "Emerging markets and developing economies need access to the tools, resources, and support necessary to accelerate the clean energy transition. This Accelerator program is designed to identify and scale innovative efforts that support capacity-building, drive economic opportunity, and help build more resilient, sustainable economies. The GCBC is excited to elevate financial institutions, civil society organizations, and others that are engaging in this critical work." The GCBC will provide tailored support for selected Accelerator initiatives, including expert advisory, communications and marketing support, partnership facilitation, as well as practical and operational support for capacity building activities. The GCBC will announce selected applicants at New York Climate Week in September 2025. By recognizing these capacity building efforts within the climate finance ecosystem and supporting them to scale and replicate, the Accelerator aims to help organizations and individuals unlock opportunities and accelerate investment in the transition across EMDEs.
