Mr R R Rashmi introduced the session, referring to the inter-linkages between energy and industry transition. He set out the challenges faced in India, where demand for key materials, such as steel and cement, are set to expand rapidly in future to meet development needs. Mr Suvojoy Sengupta felt that industries are a large part of global emissions today and are only set to rise further without intervention. He highlighted the solutions that McKinsey have explored, which include the use of new fuels such as hydrogen, the electrification of low temperature heat processes, and so on. Dr Måns Nilsson outlined his view on companies’ approach to decarbonization in Europe. He saw the issue of decarbonization and climate change moving from an issue of Corporate Social Responsibility (CSR) to now something being discussed in boardrooms. Mr Nitin Prasad set out a bold vision for India to develop as a climate economy. He highlighted that as India comes to update its Nationally Determined Contributions industry needs to be brought in to ensure cross-economy decarbonization. Mr Gurdeep Singh opined that while the power sector might not be considered a heavy industry itself, it is heavily intertwined with the likes of the steel and cement industry, who are large consumers of electricity and large suppliers of material for electricity infrastructure. Plenary Session 5: Leadership Coalition on Energy and Industry Transition Chair: Mr R R Rashmi, Distinguished Fellow, TERI Panelists: • Dr Måns Nilsson, Executive Director, Stockholm Environment Institute • Mr Nitin Prasad, Chairman, Shell – India • Mr Suvojoy Sengupta, Partner & Lead, McKinsey & Company • Mr Gurdeep Singh, Chairman & Managing Director, NTPC • Mr David Turk, Acting Deputy Executive Director, International Energy Agency To know more about WSDS 2020, visit: wsds.teriin.org/ #WSDS2020 #Act4Earth

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