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I would like to begin by referring to some of the points raised by Dr. Ajay. He brought forward several important aspects, particularly regarding the role of carbon dioxide and fossil fuels, which deserve continued debate and discussion. It also reminds us how dynamic this field truly is. New discoveries continue to emerge, some anticipated and many completely unforeseen.
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We will have to pursue multiple pathways simultaneously. Anything that enables us to significantly reduce carbon emissions deserves serious consideration. That is precisely why GMDC is investing in underground coal gasification.
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For an economy of nearly 30 trillion dollars, it is essential that the energy powering our growth remains secure and, as far as possible, under our own control. India occupies a uniquely important position in the global climate landscape. On the one hand, our historical contribution to cumulative greenhouse gas emissions has been minimal, and even today we remain among the world's lowest per capita emitters.
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The role of the Board has therefore evolved far beyond governance and financial oversight. Today, Boards must provide strategic direction, allocate capital wisely, manage emerging risks, and foster innovation that creates long-term sustainable value. Ultimately, the clean energy transition will not be driven by technology alone.
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Vadodara is Gujarat's third-largest city, with a population of nearly 35 to 40 lakhs within the Urban Development Authority. The aspirations of our citizens are closely aligned with the vision of Viksit Bharat, Viksit Gujarat and Viksit Vadodara by 2047. At the same time, we remain committed to combating climate change and achieving our net-zero goals.
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Indians are resilient by nature. For over a millennium, we have confronted adversity with courage, determination and perseverance. Today, under the leadership of Prime Minister Shri Narendra Modi, India is moving ahead with renewed confidence and purpose.
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The understanding of global warming originated from experiments conducted in the 1950s, where carbon dioxide and infrared radiation were studied together. The mechanism is quite fascinating. A carbon dioxide molecule behaves somewhat like a pendulum, absorbing infrared radiation and subsequently releasing that energy, thereby contributing to global warming.
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To commemorate the occasion, Foundation Day celebrations were held at the IOD Headquarters in New Delhi, as well as across its regional offices. The celebrations brought together employees and leadership in recognition of the Institute's enduring achievements and shared vision for the future.
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The book is a curated collection of essays written by a diverse group of contributors, including economists, domain experts, business leaders from both traditional and digital enterprises, investors, and catalytic agents.
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At the board level, there is confluence of talent. Undoubtedly, we need people of different backgrounds, and their financial literacy is unlikely to be of a similar level. However, collectively, the board must define boundaries within which management is supposed to operate.
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Bringing a Silent Revolution through the Boardroom
Institute of Directors (IOD) is an apex national association of Corporate Directors under the India's 'Societies Registration Act XXI of 1860'. Currently it is associated with over 31,000 senior executives from Govt, PSU and Private organizations of India and abroad.
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