Business Today - 30th May 2021 by Business Today Editorial Team ISBN B094W79BKW instant download

Business Today - 30th May 2021 by Business Today Editorial Team ISBN B094W79BKW instant download

India has taken a diametrically different view on climate change for the external world — and the internal. For the larger world, there has been a tough as titanium stand that those who polluted for decades via massive industrialisation of their economies have no right to preach from the pulpit when India needs to industrialise rapidly. We shall be the masters of our destiny. 
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Instead, the world must measure per capita emission rather than absolute carbon footprint — an area where West still outdoes India on emissions. That stance, though, is vastly different from the aggressive green efforts at home to live in harmony with nature. The nation has set and achieved some tough targets.
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In the third Biennial Report to the UNFCCC (United Nations Frame- work Convention on Climate Change) submitted in February 2021, India disclosed that the country's emission intensity of gross domestic product has been cut by 24 per cent during 2005-16, well within and before the target of 20-25 per cent by 2020. Its share of non-fossil energy as a percentage of power produced is already 38 per cent against a target of 40 per cent by 2030.
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The spotlight is now on the big emitters to get India to the goal of zero carbon by 2050. Some of the country's largest business houses are aligning themselves with the nation's commitment to the Paris Agreement. Tatas, Reliance Industries, Aditya Birla Group, Mahindras, ITC, Larsen and Tou- bro, Adani, JSW, Essar, Vedanta, ACC and others have already articulated their intention to achieve "net zero emission” by slashing greenhouse gas- es. Read Nevin John's account of how they are matching their ambitions with India's green targets.