ENVIRONMENT

Indian CEOs commit on decarbonisation pathway to near-zero emissions by 2050: TERI

A coalition of six Indian industry majors — Siemens Energy India, Thermax, Dalmia Cement (Bharat) Ltd, Shell Group of Companies India, Hindalco Industries and Tata Consulting Engineers Ltd — signed up an ‘Industry Charter for Near Zero Emissions by 2050’ in a virtual event at the ongoing Climate Week NYC.

As founding Signatories of the Charter, these industries have committed to enhancing energy efficiency, renewable energy, circular economy across member companies and supply chains; support the transition of India’s COP 21 commitment of carbon intensity reduction to absolute carbon emissions reduction; undertake carbon sequestration efforts if needed; tap synergies to build market and policy perspectives on decarbonisation; set reporting indicators and voluntary targets to enable tracking of corporate goals on decarbonisation pathway, and create excitement and vigour among peers through documentation and wide outreach of best practices, technology or business models towards decarbonisation.

Source
the hindu businessline
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