Approximately 50% of Indian businesses surveyed are committed to achieving the net-zero target, reflecting their desire to address climate change and transition to a low-carbon economy, according to a PwC report. Around 48% of these businesses aim to achieve net-zero emissions by 2030. The report is based on a survey of nearly 250 tax heads, sustainability/ESG leaders, CFOs, and CXOs across various industries. It also highlights the importance of incentivizing Environmental, Social, and Governance (ESG) interventions by the government and the need for transparent tax practices.
Addressing the 26th Energy Technology Meet, Puri said: "Our net zero target by 2070 is a little too long-term." He is of the view that India is moving fast towards energy transition and stated that for GAIL, Bharat Petroleum Corporation Limited (BPCL) and others the energy transition target is 2035 to 2040.
Indian Oil Corp, the nation s largest refiner and fossil fuel retailer, plans to spend $30 billion to achieve its net-zero operational emissions target by 2046. The company also aims to invest over Rs 1 lakh crore to expand its refining capacity by a third.
Solar energy is playing a key role not only in the developing world to tackle energy access and energy security, but also in developed countries to facilitate energy transition.
As per Dharashree Panda, Director-Sustainability, Flipkart, the company has eliminated 100 per cent single-use plastic packaging in their own supply chain by adopting sustainable packaging alternatives and working with several stakeholders across traceability.