Welcome to the full Episode 11 of Sustainability Karma, India’s first and only talk show on sustainability on All India Radio.

In this episode of Sustainability Karma, M R Rangaswami, Founder, Indiaspora, discusses how the developed world views India’s low-carbon journey with cautious optimism and the Diaspora’s role in helping India achieve its net zero target.

Talking about the global perception about India’s sustainability efforts, Mr Rangaswami says it is complicated and the complexity arises from the contrasting viewpoints between India and the West. While the West sees India as the third-largest emitter of greenhouse gases, India argues that its per capita emissions are significantly lower, approximately 90% less than those in the West. The challenge lies in finding a balance where India is not hindered from development aspirations while addressing environmental concerns.

Saying that India’s commitment to achieve net zero by 2070 is discussed in the context of the long time frame, he adds that at the same time India has consistently met commitments ahead of the schedule. He emphasises the significance of India’s role in global emissions, with expectations for leadership and direction coming from the top emitters.

Mr Rangaswami acknowledges the challenges India faces on the path to decarbonisation and achieving its net-zero target, including financial and technical obstacles. Here, he stresses, the role of the Indian Diaspora as a potential solution. The Diaspora can contribute significantly through remittances, investments, and expertise in various ways. The Diaspora, known for sending substantial remittances, is keen to invest in India appropriately.

Rangaswami details how Diaspora-owned companies are already investing in India, particularly in renewable energy projects. The capital for many Indian companies often comes from the Indian Diaspora. Start-ups, another interest area of the Diaspora, can play a crucial role in green and clean tech ventures.

He highlights the engagement of the Indian Diaspora with the government is highlighted with an example of a G-20 forum organised by the Diaspora. This forum brought together leaders from 26 countries to discuss contributions to India, especially in the context of climate action. The Diaspora is also actively involved in climate summits, discussing challenges, solutions, and ways to support India in areas such as investments, technology, and mentorship. Talking about his personal journey, Rangaswami says that in 2007 he founded the Corporate Eco Forum, a group of 80 of the world’s largest companies committed to lowering greenhouse gas emissions and mitigating climate risk. This commitment inspired him to bring a similar agenda to the Indian Diaspora, recognising the potential for the next generation to actively engage in climate action and sustainability.