India's Corporations Back Net-Zero Emissions Target by 2070
India, backed by major corporations, is pushing for significant climate change action. It targets net-zero emissions by 2070 and 50% renewable electricity by 2030. The Confederation of Indian Industry's (CII) Climate Action Charter, supported by companies like Microsoft, Amazon, Unilever, and Walmart, is driving this climate change.
The charter encourages long-term climate strategies and sector-specific actions. It aligns with India's goal to minimize its environmental impact while boosting economic and social gains through sustainable industrial development.
Key strategies include transitioning to renewable energy, reducing waste, and adopting circular economy practices. These can minimize waste by reusing, repurposing, or recycling materials, and promote sustainable farming and forestry practices to reduce carbon emissions while enhancing soil health and biodiversity.
Promoting climate education is also crucial. It can raise awareness and inspire action against climate change, which accounts for over 75% of greenhouse emissions and nearly 90% of carbon emissions. Major contributors include power generation, manufacturing, deforestation, transportation, food production, and energy demand.
India's ambitious climate change targets require robust domestic carbon credit markets to incentivize businesses to reduce emissions and foster innovation in renewable energy and energy efficiency. By investing in sustainable supply chains and promoting sustainable practices among suppliers and customers, India can accelerate its transition to a low-carbon economy.
