India had submitted its first Biennial Update Report (BUR) in January last year to the United Nations Framework Convention on Climate Change (UNFCCC).

"The Ministry (Environment) would soon release the second Biennial Update Report (BUR) in 2017," a FICCI statement quoting Rajani Ranjan Rashmi, special secretary of Environment Ministry said.

He was speaking at the 10th edition of the India Climate Policy and Business Conclave organised by FICCI in partnership with the Environment Ministry, World Bank Group and the German Federal Ministry for Environment, Nature Conservation, Building and Nuclear Safety (BMUB).

He said according to the government's internal assessment, India is well on track to achieve its ambitious climate and green house gas mitigation goals and actions by 2020.

Rashmi emphasised that "motivation which guide industry for environmental actions should not only include efficiency and cost but should also factor in matter of survival and long term competitiveness.

He added that efficiency should be accompanied with sufficiency and should involve action from the private sector.

India's greenhouse gas (GHG) emission in 2010 was more than 2,000 million tonnes of CO2 equivalent with the energy sector being the prime contributor, according to its first BUR.

The first BUR contained national GHG inventory of India for the year 2010, prepared in accordance with the guidelines of Intergovernmental Panel on Climate Change (IPCC).

According to the BUR report, "a reduction of emission intensity of GDP by about 12 per cent between 2005 and 2010 has been achieved against our voluntary pledge to reduce the emission intensity of its GDP by 20 25 per cent by 2020, compared with the 2005 level."

As per the UNFCCC rules, BURs are subjected to an international process known as International Consultation and Analysis (ICA), a process that includes international scrutiny of BUR in a manner that is "non-intrusive, non-punitive and respectful of national sovereignty".

India had submitted the first report to fulfill its reporting obligation under the UNFCCC, which says, countries need to periodically provide information in the form of their national communication.

Wolfgang Lahr from the Embassy of the Federal Republic of Germany said that the 22nd Conference of the Parties to the UNFCCC in Marrakesh built on the momentum of the Paris climate change agreement by preparing states towards the implementation phase.

"In this light, countries now have to operationalize their communicated strategies through ground level actions," he said.

The 2017 UN climate change conference will take place from November 6-17 at Bonn in Germany.

Prodipto Ghosh, Chairman, FICCI Climate Change Task Force and former secretary, Environment Ministry said that private sector needs to scale up efforts and investments in research and development particularly in respect of mass transportation, power generation, energy storage, electric vehicles and sustainable habitat.