You are here: Home » News-IANS » Business-Economy
Business Standard

Britain admires India's stretching renewable targets: Envoy

IANS  |  Kolkata 

Britain "admires" the stretching targets that India has set to bring its renewable energy capacity up to 175 GW by 2022, Britain's High Commissioner to India Sir Dominic Asquith said here on Thursday.

"In the UK, we admire the stretching targets that India has set to bring its renewable energy capacity up to 175 GW by 2022. And we're driving action ourselves to decarbonise our economy. We are setting concrete carbon budgets in law to help us reduce our greenhouse gas emissions by 80 per cent by 2050," he said at the 10th Environment and Energy Conclave organised here by the Bengal Chamber of Commerce and Industry.

Reaffirming commitment to the Paris Agreement, Asquith said both countries share a common conviction that climate change is one of the biggest threats to global prosperity and stability.

"We recognise that it is in our own interest to prevent dangerous climate change. Both our nations are committed to the Paris Agreement as a means to galvanise global action on climate change.

"We both believe that this is not just the right thing to do, but also the smart economic thing to do," he added.

Asserting that both India and Britain have a shared purpose on energy and the environment, Asquith said both "recognise the commercial opportunities that can be realised in the low carbon economy".

"The UK low-carbon sector alone is worth over 46 billion pounds across more than 90,000 businesses. It employs more than 238,500 full time workers directly and indirectly supports many more. We are both taking action," he added.

Discussing the shared challenges in energy security and sustainability sector, Asquith stressed on attracting investments, developing clean energy sources and the need to boost energy efficiency.

At the Conclave, Britain-based energy efficiency services firm Cenergist, which recently opened its Indian chapter from Kolkata, has signed a MoU with TERI (The Energy and Resources Institute) to promote greener products and projects.

Cenergist will also distribute LED bulbs in Britain in collaboration with Energy Efficiency Services Ltd (EESL).



(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: Thu, August 24 2017. 19:40 IST