HR NEWS

India looking for global leadership in climate action, says Anand Mahindra

India looking for global leadership in climate action, says Anand Mahindra

India is aspiring for a global leadership in climate action and has set an “ambitious” goal of receiving 40 per cent of its power from renewable resources by 2030, a target it is likely to achieve eight years ahead of the schedule, a top Indian corporate leader has said. “Thanks to private and public initiatives, India is on a mission — and perhaps ahead of the US — to develop more renewable energy. It is aspiring for global leadership in climate action,” Anand Mahindra, chairman and managing director of the Mahindra Group, said yesterday. “India has set an ambitious goal of receiving 40 per cent of its power from renewable resources by 2030 — a goal we are likely to reach eight years ahead of schedule. This compares to California, which has committed to a goal of 50 per cent by 2030, and the United States, which has not committed to a goal,” he wrote in an op-ed in ‘San Francisco Chronicle’.

Noting that India and China have been accused of being the “world’s top polluters”, Mahindra said the two Asian giants, now emerging from their developing status, have some responsibility towards global warming. While India and China have contributed less to it than the industrialised West, they are the leaders in the effort to reduce industrial pollution, he said. Mahindra said that there was a concerted effort in India to shift from coal to solar. “Heavy investment in solar and wind has helped drive down costs of electricity to a point where, in many places, renewable sources can generate electricity more cheaply than conventional sources such as coal,” he said.

Out of a planned installation of 175 gigawatts of renewable power capacity by 2022, India has, in the last five years, added almost 30 gigawatts — nearly as much solar capacity as California, Massachusetts and New Jersey combined, he wrote. “With 57 gigawatts of renewable power capacity, India is set to become the third-largest solar power market this year,” he added. Asserting that India has formed an alliance to expand solar power production in the developing world, Mahindra said the goal is to provide electricity to all the people by promoting development of solar, wind, biomass and hydropower energy. Mahindra Electric boasts one of the world’s largest fleets of electric cars and is working closely with the government of India on new policies for electric vehicles and setting up charging infrastructure, he said. “India’s power minister directed that all cars sold in the country should be electric by 2030 — no other country has yet made such a commitment,” Mahindra wrote.

Source: Financial Express

10 months ago

By Ganesh

Related Tags :

Social Share : Share      

Comments.....

Submit new comment

Most Viewed

Tata Capital names Rajiv Sabharwal as new CEO-MD...

8 months ago

Vacancy for the post of Talent Acquisition Manager - Apply immediately...

7 months ago

Toyota Kirloskar Motor to run 50 driving schools by 2020, says honcho N Raja...

8 months ago

No change in IT hiring pattern, say senior industry figures...

7 months ago

India looking for global leadership in climate action, says Anand Mahindra...

10 months ago

Docutech™ Founder and CEO Ty Jenkins Honored by HousingWire’s Second Annual HW V...

1 year ago

Not fair to blame expatriate for the unemployment rate among Kuwaitis - KTUF Cha...

9 months ago

First gene therapy for rare blindness gets US FDA nod...

5 months ago

New painkillers reduce overdose risk...

6 months ago

Smoking may upsurge sensitivity to social stress: Study...

10 months ago

Most Shared

Mass redundancies for Quebec cookie factory...

1 year ago

Trump this: 5 bold predictions for how he’ll impact HR...

2 years ago

InfoTycoon appoints existing President and COO Kevin George to succeed James Dav...

1 year ago

Sushant Dwivedy joins Aspiring Minds as SVP-Enterprise Client Solutions...

1 year ago

Uber introduces special reward programme...

1 year ago

Standard Chartered Bank to reduce 10% corporate & institutional banking staff...

1 year ago

National CineMedia (NCM) creates Affiliate Partnerships team, names Stacie Tursi...

1 year ago

OCC Names New CFO, Treasurer, and Chief Compliance Officer...

1 year ago

Beards at work are now a major turn-off say 61% of female office workers...

1 year ago

First female fast jet pilot of Britain hired as director at PwC...

1 year ago