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’:
- India will increase its non-fossil energy capacity to 500 GW by
- India will meet 50% of its energy needs from renewable energy by
- From now on, India will reduce the total estimated carbon emissions by one billion tons by
- India will reduce the carbon intensity of its economy by 45 percent by
- India will achieve the target of net zero emissions by
Source – The Hindu