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Governments need to take charge to meet enviromental goals: WEF panel

Sep 22, 2021

The Straits Times Governments need to take charge to meet enviromental goals: WEF panel (From left) The Straits Times associate editor Vikram Khanna, United Nations Environment Programme executive direction Inger Andersen, Dalmia Bharat managing director Puneet Dalmia and H2GO Power chief executive Enass Abo-Hamed participated in the online discussion.PHOTO: WEFORUM.ORG Published They can read the article in full after signing up for a free account. Share link: All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the first 3 months. Let's go! Spin the wheel now SINGAPORE - With the climate crisis looming in the shadow of the Covid-19 pandemic, governments need to take more proactive commitments in order to ensure the global economy not only recovers but recovers sustainably. A panel of experts at World Economic Forum's (WEF) Sustainable Development Impact Summit 2021, moderated by The Straits Times associate editor Vikram Khanna, spoke on the issue of making sure that economies worldwide are not only recovering from the effects of Covid-19, but also doing so in a way that will help bring the world to a net-zero future. The online discussion on Monday (Sept 20) saw United Nations Environment Programme executive direction Inger Andersen, Dalmia Bharat managing director Puneet Dalmia and H2GO Power chief executive Enass Abo-Hamed talk about the challenges faced by countries worldwide. While the first wave of Covid-19 funds injected by the various governments were directly into people's pockets, the second and now third wave of funds should be relooked and have conditions on such funds to help match the position of being environmentally sustainable, said Miss Anderson. This sentiment was echoed by Ms Abo-Hamed, who added that governments "either miss an opportunity... or panic spend. (Governments should ) use public funds in a way that.. contribute to a more economical and sustainable growth". Mr Dalmia raised the additional point on politics in the the move toward sustainability, saying that "(There is) enough scientific knowledge available now... But this climate change is a political issue and not an environmental issue... when there is a crisis, (the global economy) needs the best possible actions, and we need leadership." The speakers all agreed on the perspective that the climate crisis will primarily boil down to the actions and policies of governments worldwide - by creating the incentives for investors to pledge their money toward sustainable initiatives, as well as providing the support for banks and financial institutions to help prop up these initiatives. This, coupled with the appropriate tax and penalties to 'dirty' sectors such as fossil fuels will then help being to fruition an equitable and intergenerationally just future. The fully virtual WEF SustainableDevelopment Impact Summit 2021 is hosted alongside the United Nations General Assembly, and looks at how the global economy can emerge from the Covid-19 pandemic stronger and more resilient than before.

Puneet Dalmia Investments

9 Investments

Puneet Dalmia has made 9 investments. Their latest investment was in RapiPay as part of their Series A on December 12, 2020.

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Puneet Dalmia Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/28/2020

Series A

RapiPay

$9M

Yes

2

5/31/2018

Series B

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$99M

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10

10/5/2016

Seed

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$99M

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10

1/26/2016

Angel

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$99M

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10

1/21/2016

Series A - II

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$99M

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10

Date

12/28/2020

5/31/2018

10/5/2016

1/26/2016

1/21/2016

Round

Series A

Series B

Seed

Angel

Series A - II

Company

RapiPay

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Amount

$9M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

2

10

10

10

10

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