Climate Change

The ‘Net-Zero Industry Accelerator’ program will prioritize industries with the highest carbon footprints and assure a robust ecosystem to support a new generation of entrepreneurs as they take disruptive climate-tech innovations for industrial decarbonization from the lab to market. 

The modernization and transition of energy sources towards environment-friendly options, jointly exercised with the capacity to conserve the proven available reserves, is an action fraught with foresight. The emergence of the future scenarios and how it will all play out in the long term remain unknown to the human consciousness. However, the foresight emanating through the intertwining of the collective consciousness of human existence shall undoubtedly provide us with a potent armory to articulate our response to the emerging scenarios.

Under their clean energy partnership, both countries also agreed to cooperate in the disposal, recycling, and reclamation of valuable materials from batteries, solar panels, turbine blades, and electronics.

The core objective of renewable energy deployment in India is to promote economic growth, enhance energy security, increase energy access, and reduce climate change. Sustainable development is possible by the use of clean energy and by ensuring access to affordable and reliable energy for every citizen.

The renewable energy developer had an operational capacity of 5,410 MW (4,763 MW solar and 647 MW wind) as of September 30. 

We all should envisage a society in which everyone, including individuals and businesses, operate carbon neutrally, i.e., all entities reduce their carbon footprint by adopting sustainable practices.

At COP26 Summit in Glasgow, prime minister Narendra Modi also announced India’s pledge to increase its non-fossil energy capacity to 500 GW by 2030. The nation would also increase renewable energy’s share in its overall energy generation mix to 50% by 2030.

The International Solar Alliance (ISA), which aims to mobilize more than $1 trillion of solar power investment by 2030 in its member countries, expanded its scope of work by launching programs on solar panel and battery waste management and solar-powered hydrogen production in its fourth assembly held recently.

Today, both Reliance and Fortescue are realizing the huge investment, employment, import replacement and export opportunities in zero emissions industries of the future, both for India and Australia. And they look to be leading the way, fully supported by global financial institutions increasingly seeking to deploy trillions of patient capital in low volatility, non-commodity price exposed zero-emissions energy sources of the future.

Orsted transitioned from a coal-intensive utility to a global renewable energy leader creating immense shareholder wealth. A new report looks at what strategic decisions led to this transition and learning for Indian companies to look forward to the future energy transition.