New Delhi, Dec 15 (UNI) Sending out a strong message to the business community, Intergovernmental Panel on Climate Change (IPCC) Chairman R K Pachauri today said the future of the world is of a low carbon and the Indian industry will have to be at the vanguard of this change.
Speaking at the CII felicitation ceremony for being at the forefront of IPCC recieving the Nobel award, Dr Pachauri said the Fourth Assessment Report of the IPCC contains a major advance in knowledge over previous reports.
"It has strong scientific basis for climate change that has taken place since industrialisation and the considerable detailed assessment of the impacts of climate change in different parts of the world.
''Equally important is the clear set of findings on mitigation options, which are really very low in cost and high in feasibility.
''The report also brings out the inevitability of bringing about reduction in emissions if we have to stabilise the world's climate at levels that have been assessed distinctly'', Dr Pachauri said.
For instance, for an equilibrium temperature increase of 2 to 2.4 degrees celsius, the world can at best allow emissions to increase up to 2015 beyond which they must decline.
Also assessed in the IPCC reports is the need for combining adaptation with mitigation options.
Dr Pachauri said the felicitation was an occasion of honour.
However, he said he is been basking in the glory of the award received by the others. He said IPCC is an organisation bringing thousands of scientists and experts putting in labour of love.
Recalling the ongoing extended conference at Bali, he said the main bone of contention between the EU and the US, Japan, Canada was the an agreement on mandatory emission targets of cutting emission by 20 to 40 per cent by 2020.
It is required to have stringent emissions reduction targets and an agreed timetable of six months to arrive at reductions.
Mr Pachauri said the award of the Nobel Peace Prize highlights the importance of climate change and the need for action to meet the challenge that it presents.