Here's how Paris Agreement on climate change will impact India Inc

The Paris Agreement on climate change seeks to limit global temperature rise to 2 degrees celsius. This has wide ramificattions for countries as well as businesses. We look at the impact for India Inc:

Positives

> Green energy generators to benefit as concessional funds may help build transmission infrastructure

> Solar equipment makers like Jain Irrigation, Schneider Electric India, ABB India, Siemens India may benefit

> Renewable energy project companies like Suzlon and other private equity-backed green energy companies like ReNew Power may gain

> Automobile and component companies like Bosch India, Mahindra Reva and Hero Electric, which work on green technology will benefit

> Energy efficiency solutions providers like the Indian arm of ABB, Alstom, Siemens, and L&T may gain from industrial demand

Negatives

> Oil and gas companies such as RIL, IOC, HPCL,BPCL, Cairn India may have to invest heavily on low emission technology

> Conglomerates like Tatas, Aditya Birla Group, Reliance Industries, etc would have to source more renewable power as government may enforce stricter renewable purchase obligation

> Manufacturers may see cost pressure if concessional funds are not available to implement energy effi cient solutions

> NTPC, Adani Power and Jindal Steel and Power, among others may have to revisit growth plans as pressure mounts on India to cut use of thermal coal

> Tata Motors, Maruti and M&M would be under pressure to invest more on low emission technology