Climate change is the issue of our times and businesses have key responsibility to mitigate the risks

This responsibility was well acknowledged at CoP 26 at Glasgow, and climate response actions have accelerated since then. According to the Net Zero Tracker, more than 136 countries have announced Net Zero targets and corporates, banks and financial institutions are following suit.

Climate response is complex. Corporates require actions on their own part across organisational functions and for direct and extended supply chains. It is difficult to understand granularly where action has to be focused and prioritised to genuinely reduce the emissions footprint.

Rapid decarbonisation is one the principal levers for mitigating climate change. In itself, decarbonisation is a large theatre with numerous fields of play covering corporate strategy, products and solutions innovations, technology, supply chains, etc. Decarbonisation at scale has to address issues related to fuel and feedstock, often rapidly altering large and well-established mechanisms. In all decarbonisation – and more broadly ESG – is set to transform organizations.

In order to bring together all these diverse needs and asks of industry, governments, society and other stakeholders, KPMG is setting up global decarbonisation hubs across seven regions/countries across the world, including the India decarbonisation hub.

India’s Green Hydrogen Ambition - Setting the wheels in motion

Green hydrogen and its derivatives are poised to enable the decarbonisation of hard-to-abate sectors owing to their versatility enabling its use in several applications. Growing demand for hydrogen globally and in India is expected to offer a significant opportunity for low-carbon production routes of hydrogen such as through water electrolysis, powered by clean energy. Many countries have formulated, or are in the process of, their low-carbon hydrogen economies. The PoV reviews these hydrogen markets. India, with around 6.7 million tons per annum (MTPA) of hydrogen consumption currently, uses hydrogen mainly as an industrial feedstock in the creation of ammonia-based fertilizers and in refineries. In February 2022, the Government of India launched the first phase of the Green Hydrogen Policy, targeting a 5 MTPA green hydrogen production by 2030, both for domestic consumption as well as for exports. The PoV highlights the key policy initiatives, and reflects on some critical elements that the policy can address in the next phases. The PoV also presents strategies to reduce green hydrogen production costs. It.

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India decarbonisation hub concept

The India decarbonisation hub will bring together the most advanced skills, capabilities and knowledge from across a dozen functions in KPMG in India and also from partners and associates. It will accelerate transition by enabling delivery of innovative and leading services and solutions. Through the hub’s initiatives, we will invest in transformative methodologies and technologies. Digital technologies will be at the heart of the hub delivery engine.

The hub will provide businesses and wider institutions tangible business and social outcomes, smart visualisation for control, accountability and credibility of actions and transformation and change management through ease of adoption.

Our Offerings

Climate Strategy and Implementation
Low carbon finance
Energy efficiency/Demand side
Energy and Environment Markets
Decarbonisation Digital Program
Smart/resilient grids
Just Transition
Climate Assurance
Transactions

Young Indian business leader woman talking to diverse team of employees, small office staff in presentation room. Company coach, mentor teaching new workers, interns sitting at learning desks

Our Clients

Government
Industry
Financiers
Utilities and Service providers

Key client questions

How do we measure our GHG footprint?
Why should we set climate targets and how can we go out about it?
How do we mitigate emissions associated with our supply chain?
How do we bring about organisational alignment and culture change?
How can we access climate finance and participate in carbon markets?

What risks does climate change present for our business? What are the opportunites?
What should we set as our net zero target year and what should be our strategy to achieve this target?
How do we align our business strategies with climate goals?
How do we develop KPI's & governance fframeworks to drive and monitor Implementation effectively?
What are the different reporting guidelines and how can we ensure world class reporting?

KPMG in India’s start-up programme for energy, environment and decarbonisation

KPMG in India has always valued start-ups as a key driver for the growth of industry and the country.

India Insights

Our insights is your gateway to thought leadership and in-depth reports. Explore our curated collection of valuable content, where we delve into complex business challenges, share industry trends, and provide actionable insights.