KPMG launches India Decarbonisation Hub

Professional services firm KPMG has launched an India Decarbonisation Hub to provide businesses and institutions solutions for climate strategy and implementation, low carbon finance, energy efficiency and decarbonisation digital program, among others.

"We think that the carbonization agenda is going to fundamentally change the way that businesses operate. We're thinking about issues such as how do we gather data, how do we prove the verifiability of that data? How do we encourage innovation? We're thinking about this as a global agenda that impacts our clients," said Mike Hayes, Global Decarbonization Hub Lead & Global Head of Renewables, KPMG International.

Companies across the world are rethinking their investment plans which largely comes through prodding from their environmentally concerned investors.


Power and manufacturing industries and transport sector are the biggest emitters of greenhouse gases in India, tripling its carbon emissions over the three decades from 1990 to contribute to 15% of India’s carbon emissions today.

"Corporates are reaching out to us because sometimes they aren't able to understand how they can deal with this. The fact is this will require changes in business models, changes in technology among others. And to take it to them means making them aware," said Anish De, Global Sector Lead – Power & Utilities, KPMG National Leader, Energy Natural Resources & Chemicals, KPMG India.

At the COP26 summit in Glasgow last November, India pledged to cut its total projected carbon emission by 1 billion tonnes and reduce the carbon intensity of the economy by less than 45% by 2030, all this, to hit net-zero carbon emissions by 2070.

According to Regina Mayor, Global Head of Energy, KPMG US, In a country like India, which is heavily reliant on imports for fossil fuel needs, being able to exploit some of the other sources to the extent that one can make it affordable and reliable would be where ultimately one would want to go for the long term.

"The challenge is there are four key pillars for any sort of energy decision: security, affordability, reliability and sustainability. And when the three security, affordability, reliability are all going great, people can focus a whole lot more on making them sustainable," said Mayor.