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Indian CEO’s Alliance for ‘Panchamrit’ pledge for Net Zero carbon emission

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Indian CEO’s Alliance for ‘Panchamrit’ pledge for Net Zero carbon emission

Recently the World Economic Forum (WEF) has launched ‘Indian CEOs Alliance for Net-Zero India’.

  • WEF has announced the ‘Alliance of CEO Climate Action Leaders India’ to encourage India’s climate action and de-carbonisation efforts.
  • The alliance will serve as a high-level platform for achieving climate goals, including economic growth with net-zero emissions.
  • It will assist business leaders in planning and implementing plans and programmes.
  • It is part of the WEF’s Climate Action Forum. It will work towards achieving the vision outlined in WEF’s “Mission 2070: A Green New Deal for a Net Zero India”.
  • It will bring together the government, businesses and other key stakeholders to achieve the five goals of the Prime Minister of India’s ambitious “Panchamrit”

The five elements (nectar) of Panchamrit:

  1. India will increase its non-fossil energy capacity to 500 GW by
  2. India will meet 50% of its energy needs from renewable energy by
  3. From now on, India will reduce the total estimated carbon emissions by one billion tons by
  4. India will reduce the carbon intensity of its economy by 45 percent by
  5. India will achieve the target of net zero emissions by

Source – The Hindu

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