Developed and developing countries must have different goals and timelines towards sustainability: Piyush Goyal

He was addressing the gathering at the Confederation of Indian Industry’s (CII) Special Plenary Session of India Europe Business and Sustainability Conclave in New Delhi.

Goyal highlighted that India has been one of the top five performers in benchmarking work in the country and meeting the Nationally Determined Contributions (NDCs).

He urged world leaders to understand that everyone must contribute their fair share in improving energy efficiency, in reducing waste, in boosting the circular economy and in achieving green goals by transitioning and helping other nations transition to green growth to make the world a better place to live in.

India's partnership with the UK and the EU is significant in the global effort to make the planet safer and greener, he said.

Technology, finance and sustainable lifestyles are going to play an important role in ensuring sustainable growth, he opined.

He stressed that the long-term value proposition for any business came out of sustainability as it would make businesses safer for the stakeholders and prepares us for a better future.

He pointed out that the climate crisis was created by high levels of consumption and waste generation and only a collective effort would help combat the climate crisis and achieve sustainable growth.

Development with sustainability is a global responsibility, a shared commitment for a better world, Goyal said, and urge to speed and scale up efforts for a sustainable world.

The event saw participations from European Union (EU), The Netherlands, Malta and United Kingdom (UK).