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Globally there has been an acceptance ( albeit of varying degrees) that human
induced climate change needs to be addressed. In the absence of a global
agreement which is not yet in sight, various countries, regions, and private
companies have taken commitments and are at different levels of implementing
them. Europe has been the leader from a policy point of view followed by some other
countries and states in the USA. There have been unilateral policy initiatives by
private players like Walmart, GE etc. where they are asking for disclosures on
Carbon and other environmental parameters from their suppliers.
The Indian scenario has been one of taking small steps to address climate change mitigation and there are no requirements to report or improve on carbon footprint on
organizations. The Indian export sector which is dependent largely on the western
markets has grown more than 25% annually and is thus the first to be affected by
any climate change related policy initiative by the governments or buyer companies
in the west.
This dissertation studies the current policy initiatives from publicly available data both
in the west and India. As part of the research a survey was conducted using a
questionnaire to assess levels of Awareness, Action taken, perception of Risk and
Opportunity and Market Behaviour. There is a detailed analysis of the data collected
in the survey which points to the fact that a lot needs to be done to remain
competitive in a carbon constrained world order. Based on the analysis there is a
strategy proposed for the Indian export sector to retain their competitive advantage
with regards to the upcoming policy initiatives around climate change.