At the Teri Sustainability Summit, Niti Aayog member Bibek Debroy and chief of Unilever Paul Polman spoke on what needs to be done in order for developing countries and developed economies to align their interests and align corporate interests with interests of the environment and climate change.
Below is the verbatim transcript of Paul Polman and Bibek Debroy's interview with CNBC-TV18's Shereen Bhan
Q: What do you think needs to be done?
Polman: You got 200 million more people going to the cities in India and you have to figure out how to be sure that you improve their standards of living and ensure the long-term future of India. That does mean setting up waste recycling systems, thinking about energy differently where too much gets lost, where the amount of use of coal is going up and it is not really needed anymore. We have seen technology develop photovoltaic technology. We see two states in India where the price of green energy is there. So, you cannot say we want to be global and use all the technologies to solve our problem but we do not want to participate in the global economy. It doesn't work. The thing is poor people unfortunately are suffering. In India, too many have suffered for too long. It is the same for agriculture. Agriculture here has a very low yield. Make agriculture more efficient. Moreover farmers get more money, government's food prints will be less.
We have enough learning's now on climate - smart agriculture and it is a win-win, why wouldn't you take that. Same thing is true for energy, land use and for cities itself.
So, in agriculture take life stock. The cows in India give you half the amount of milk than the cows in the rest of the world. Why would you just take all that methane and do more to climate change, why don't you work with technology that is available and that is what this new climate economy report is saying. You can have the cake and eat it too. Just develop your economies smartly. Many companies in this room are willing to help there. There is nothing wrong with that.
Q: You can have your cake and eat it too, Bibek Debroy, it is a question of a change of mindset, it is question of thinking smarter, it is a question of aligning objective to the frontend with the objective at the backend.
Debroy: I have had my water I do not want the cake. Please do not lecture, tell us specifically what you are going to do.
Q: Several specific points were made here in terms of what the government can do, what Indian corporations can do, what foreign corporations operating in India can do, I think several relevant examples were given there. Agriculture yield being very low, you and I have had panel discussion after panel discussion on that issue. So, it is not something that somebody else is lecturing us about.
Debroy: Yes, but someone telling us that suggests that we don't know.
Q: May be someone is telling us that we don't know because we have known and not acted on it for all this while?
Debroy: No, not really. If someone has not acted on it there are very genuine reasons why the acting on it has not happened.
Q: What is the reason for not improving agricultural productivity?
Debroy: Agricultural productivity is a very long list.
Q: I am asking because you said that we know the prescriptions but we don't need somebody else to…
Debroy: I can improve agricultural productivity by delivering among other things, electricity, water and roads. 1,50,000 villages in India do not have electricity. You want me, the government of India to tell them you shall not have electricity or you will only have off grid solar power.
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