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Billionaire Gautam Adani plans to turn his business carbon negative

Indian billionaire Gautam Adani wants to make his ports-to-power business conglomerate carbon negative, aiding India’s goal to expand its renewable power capacity almost fivefold by 2030 to meet its climate commitments.

Adani Group intends to continue investing in clean energy technologies, such as green hydrogen and renewables-powered data centers to fulfill the group’s environment, sustainability and governance, or ESG, goals, Adani, chairman of his namesake group, said at the India Global Forum Wednesday. “We will do so by carefully balancing our energy migration from carbon positive to carbon neutral, and further on to carbon negative.”

The comments by Asia’s third-richest person follow announcements by rival tycoon Mukesh Ambani, who last week unveiled an ambitious push into clean energy at an investment of 750 billion rupees ($10.1 billion) over three years, marking a new pivot for one of the world’s biggest fossil-fuel billionaires.

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energy.economictimes.indiatimes.com
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