Davos 2023 | Balance is important for mitigation & adaptation, need to work on it: Climate Leaders 

Global Chairman, PwC, Robert E Moritz said, "Whatever we do on adaptation, we cannot reduce the mitigation efforts that we talked about. Adaptation does not mean walking away from a city that may have potential flooding or drought risk. It means working with the city, working with the government to make sure that we stay for societal benefit, societal reasons and we have the economic development happening and that's where capital has to come in, in the big time way. So the CEOs and that deficit, this is now the pivot. The report was helping accelerate that pivot and that's what we're looking to see over the next year or two."

Parameswaran Iyer, CEO of Niti Ayog, said, "The G20 presidency is currently with India. Its overall theme is one earth, one family, one future. And I think in an interconnected world, you know mitigation or adaptation. Both are equally important. But we are coming out of COP27 and sort of rebalancing of bringing adaptation back to the table as was discussed, is very relevant for India if you look at NDCs, both mitigation and adaptation are equally balanced. What we're trying to do is we're trying to identify the most vulnerable areas. It's important to have a vulnerability index, which is something which we have started doing so we can prioritise areas for adaptation."

"We are now considering embarking on a major program of mangrove plantations along our 7000 km of coastline. Obviously it's going to be very challenging. It's going to take a lot of financing but it will also include livelihoods, particularly through MNREGA, a rural employment guarantee program and women will be major beneficiary. So that's the programme adaptation which will benefit women in particular."