| | FEBRUARY 20219promotion of renewable energy, enhanced energy efficiency, water efficient processes, green mobility, planned afforestation and waste management & re-cycling.The union environment minister Prakash Ja-vadekar termed it a historic move and even had said that the signing of the declaration on climate change by the industry sector is an important development. This shows India's resolve and commitment. The world must take note of it.He also added that "We have to be on the same page regarding our insistence on financial and tech-nological support from the advanced economies, so that India can also catch up and march ahead".Karthik, when concluding the session, said, ""In December 2020, amid the aftermath of the COVID-19 pandemic that has affected lives and livelihoods worldwide, we marked the 5th anniversary of the Paris Agreement and the adoption of the Sustainable Development Goals. It is imperative that we as corpo-rates actively involve ourselves in the action against climate change. One way to do this is by adopting the concept of a circular economy, whose principles are to design out waste, keep products and materials in use longer, and regenerate natural systems. This will require companies to make concerted efforts and technology investments to transition to a more sus-tainable product ecosystem."Indeed technology solutions like bioenergy with carbon capture and storage (BECCS) and direct air capture will help them achieve this. BECCS involves the capture and permanent storage of CO2 from pro-cesses where biomass is burned to generate energy. It also enables removal of carbon as biomass absorbs CO2 as it grows. The good part is that this CO2 is not re-released when it is burned. The other one is direct air capture that can enable carbon removal in which CO2 captured from the atmosphere is permanently stored. This can be sold for use in various industries like F&B, synthetic fuels.Despite few technologies available to help world achieve this, in simple words, there is no single or simple solution available to meet international cli-mate goals while ensuring energy security.
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