Indian Corporations, Climate Change, and The Law

Abstract

Climate change is one of the biggest problems that humans have created for the whole of mankind. Discussions on combating climate change have been continuing since last 30 years when the United Nations Framework Convention on Climate Change was adopted at the Rio Conference in 1992. Despite this, nothing significant has been achieved so far. Due to public sector’s finite capabilities and increasing footprint of globalization and privatization, the world is rolling its eyes now on the private corporations to take the lead in this fight against climate change. This article will discuss the historic role that these corporations have played since climate change negotiation days, their contribution at present, and the progressive or regressive role they are set to play in future. The special focus of this article will be on analysing the role of Indian corporations and the existing legal framework governing them and its challenges. At the culmination of this article, the author will try to suggest mechanisms to magnify and intensify private sector contribution in combating climate change with minimum friction and maximum accountability and cohesion.