You are here: Home » Companies » News
Business Standard

India Inc welcomes Modi's pledge to achieve net zero emissions by 2070

In his address at the ongoing COP26 in Glasgow, Modi announced a bold pledge on Monday that India will achieve net zero carbon emissions by 2070

Topics
India Inc | Narendra Modi | Emissions

Press Trust of India  |  New Delhi 

Clean energy: Maharashtra to rate industries by density of emissions

on Tuesday welcomed Prime Minister Narendra Modi's pledge that the country will achieve net zero carbon by 2070, terming it a "practical long-term target" and said the country is well on track to achieve the aspirational targets.

In his address at the ongoing COP26 in Glasgow, Modi announced a bold pledge on Monday that India will achieve net zero carbon by 2070 and asserted that it is the only country that is delivering in "letter and spirit" the commitments on tackling climate change under the Paris Agreement.

PM Modi also raised the Nationally Determined Contribution (NDC) of achieving 450 gigawatt non-fossil energy capacity to 500 gigawatt, among other commitments including reducing carbon

"CII welcomes the bold and ambitious scale of the prime minister's announcements at COP26 with aggressive short-term goals and a practical long-term target on net zero for a credible commitment on climate action," CII President T V Narendran stated.

He added that the prime minister has driven the agenda to a new level with the five pledges to expand non-fossil energy capacity and reduce India's carbon emission with an overall target of net zero emissions by 2070. "With the successful implementation of many initiatives already underway in India, the country as the fourth largest renewable energy hub is well on track to achieve the aspirational targets," Narendran added.

He observed that the message from the prime minister is clear that the goals of climate action demand universal strategies from all nations, and India's growth path must increasingly include sustainability as a concomitant objective.

He said the Indian industry is making significant progress in the climate mitigation mission and views Modi's commitments as an opportunity to inculcate sustainability actions across its operations, goods and services.

Manish Dabkara, MD & CEO of EKI Energy Services, a BSE-listed firm working in the realm of climate change, said: "Today, climate change is the single most important issue and in this context, the PM's announcement of achieving net zero by 2070 will set some kind of urgency in implementation as well as policy framework related to environmental issues."

Manish Bapna, president and CEO of Natural Resources Defense Council, said India is making a vital contribution in the global march against climate change, which disproportionately harms the world's vulnerable people the most.

"The bold pledges to cut climate pollution by a billion tonnes, in large part by meeting 50 per cent of its energy requirements with renewable energy by 2030, signals India's resolute commitment to a healthier and clean future, for the people of India and the world," he added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, November 02 2021. 16:27 IST
RECOMMENDED FOR YOU
.