WEF formed an alliance of Indian CEOs to speed up the race to Net-Zero

The World Economic Forum (WEF) on Monday launched the India Chapter of the Alliance of CEO Climate Action Leaders to supercharge India’s climate action and decarbonization efforts.

A collaboration between Kearney and the Observer Research Foundation, the alliance brings together India’s top business chief executives. It will be part of the WEF’s Climate Action Platform and build on projects from around the world, such as the CEO Climate Leaders Alliance and the First Movers Coalition.

It will bring together governments, businesses and other key stakeholders to achieve Prime Minister Narendra Modi’s ambitious “Panchamrit” pledge, which includes the country’s goal of becoming net-zero by 2070, the WEF said in a statement.

“As a major global economy, India’s role in mitigating climate change is important, and India Inc. must add its full weight to the country’s efforts as well as its global efforts against global warming,” said Sumant Sinha, Co-Chair, Alliance of CEO Climate Action Leaders India. And Chairman and CEO, Renew Power, Dr.

The alliance will serve as a high-level platform to assist business leaders in implementing plans and programs to achieve climate targets, including net-zero economic growth.

“This alliance has become part of our broader nature and climate program in India, including Trillion Trees, Removal of India for Installing Fast Electric Vehicles, Clean Energy Financing, Food Innovation Hubs, Stakeholder Capitalism Matrix and Clean Sky for Tomorrow, President Borg.” , Says the World Economic Forum.

Anish Shah, Co-Chair of the Alliance and Managing Director of Mahindra & Mahindra, said: Therefore, global initiatives and commitments to climate change are indeed a positive sign of hope. “

Shah said: “We believe that it is possible for us to achieve the target of 1.5 degrees Celsius from the Paris Agreement. We have launched a number of major initiatives at Mahindra – greening ourselves, decarbonizing our industry and reviving our planet – and we believe we are making strong progress towards becoming carbon neutral by 2040. “

A fair relocation could create সুযোগ 10 trillion worth of business opportunities annually and create 395 million jobs worldwide by 2030. India alone could create more than 50 million net new jobs and more than $ 15 trillion in economic value, the WEF said.

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