THE NOVEMBER 2021 Conference of Parties (COP 26) for the UN Climate Change Conference made waves on many counts, among them tearful speeches, India's refusal to accept the original text, pledging “phasing out” of coal and the commitments made to cut back carbon emissions to net zero. Prime Minister Narendra Modi made a commitment to bring down India's carbon emissions to net zero by 2070 at the Glasgow meet.
The United States of America and the European Union aim to hit net zero in carbon emissions by 2050. China targets net zero carbon emissions by 2060. So what exactly are net zero emissions? It is just another expression for being carbon neutral, or for not adding to the amount of greenhouse gases in the atmosphere. On the ground, these commitments to combat climate change necessitate that corporate enterprises reorient their production processes to cut back on greenhouse gas emissions and adopt sustainable business practices.
Many big-wigs among India Inc. have already announced eliminating greenhouse gas emissions completely, among them Reliance Industries (RIL), ITC, the Adani Group, Wipro, Tata Consultancy Services and the government-owned Indian Railways. Reliance Industries will go carbon-free by 2035. It will contribute to 100 Giga Watts (GW) of India's target of generating 450 GW of renewable energy by 2030. Ditto for diversified business conglomerate ITC, which has announced its plans to meet 100 per cent of its energy needs from renewable sources by 2030. The Indian Railways, one of the biggest spenders on energy, also plans to become the world’s first net-zero carbon emitting railway network by the year 2030.
Denne historien er fra April 23, 2022-utgaven av Businessworld.
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Denne historien er fra April 23, 2022-utgaven av Businessworld.
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Gauging Trumponomics For India
Despite some shortto mediumterm headwinds in trade and immigration, the broader Indo-US vision of counterbalancing China’s influence is expected to ensure continued cooperation under Trump 2.0
Reflections on Consciousness and Creation
Indian-American DEEPAK CHOPRA on the nature of the universe, the digital fabric of existence, and the power of a conscious mind
MORE TAKE TO DRIVING IN STYLE
High-end luxury vehicles are no longer part of a niche market, but a rapidly expanding segment of automobile sales, driven by changing consumer preferences, rising disposable incomes and better infrastructure
India's Growing Affinity for Swiss Watches: A Luxury on the Rise
NDIA'S ROBUST ECONOMIC growth, projected to exceed 6 per cent in 2024 and 2025, is fostering a rising demand for aspirational products. As disposable incomes increase, particularly among the expanding middle class, luxury goods such as Swiss-made watches are gaining popularity.
An ENRiching Outlook
KPMG's latest report shows energy CEOs being optimistic about the sector's outlook. ANISH DE, Global Head, ENRC, KPMG speaks to BW Businessworld's Arjun Yadav on what's driving this confidence
Paving the Path to a Sustainable Future
Salesforce's ESG journey has made an impact beyond the company. SUNYA NORMAN, SVP of ESG Strategy and Engagement at Salesforce, shares more on how the tech giant integrates sustainability into its core operations, supporting global goals while empowering employees
LEADERSHIP TRANSITION AT XIAOMI INDIA
Xiaomi India is experiencing a leadership evolution, beginning with Muralikrishnan B's departure as President by the end of 2024. This change underscores Xiaomi's shift towards nurturing local talent amidst dynamic global shifts. The story tracks key transitions from Manu Kumar Jain's leadership to Muralikrishnan B's impactful tenure, along with recent strategic hires, highlighting Xiaomi's alignment towards market adaptability and consumer focus
WEAVING SUSTAINABILITY
Once a modest home textile manufacturer, Jindal Worldwide has evolved into a vertically integrated textile powerhouse, spanning critical segments of the yarn and fabric value chain
FORCE FOR GOOD
FY24 saw capacity expansions for Century Enka in nylon and polyester segments, along with investments in modernisation, renewable energy, and safety initiatives
REIMAGINING TOMORROW
For V-Guard, tomorrow signifies progress, driven by today's actions, setting the foundation for future growth and value creation for all stakeholders