![]() Hence, in the path towards carbon neutral journey, it is just not the government that is thinking green, it is also corporates and widely recognized companies who come together and deliberate on the cause and charter a specific strategy towards achieving the goal.įew of India’s highly dominant companies have announced net zero goals as these companies are globally switching towards sustainable investments. Every action, resource, and capacity to innovate, are necessary to decarbonize sectors, infrastructure, and various products they provide and deliver. We are hopeful that India Inc will fully come forward and support the intensifying chorus on green financing and sustainability journey of India.Īdditionally, at the CoP26, in Glasgow, Prime Minister of India Narendra Modi, also declared a five-fold strategy to attain the desired NDC’s goal: These five points include (1) attaining non-fossil energy capacity of 500GW by 2030 (2) fulfilling 50% of the country’s energy requirements from renewable energy sources by 2030 (3) reduction of total projected carbon emissions by one billion tons by 2030 (4) reducing the carbon intensity of the economy by less than 45% by 2030 and (5) that India would become carbon neutral and achieve net-zero emissions by 2070.Ĭorporates and businesses have a prominent role to play in the journey of being carbon neutral. 35,000 crore of primary capital investment has been adhered towards achieving net zero by 2070 and a clean energy transition. ![]() India which is committed towards achieving a net zero target by 2070 has released a low-carbon development strategy and has introduced the varied concept to promote responsible consumption. The major announcement in the budget of 2023, resonated around India’s changing green policies aligning with India’s net zero goals and COP27. The budget highlighted India’s firm stand on green growth. The said goal is the need of the hour looking at the current functioning of the world, especially in the outlook of how previous industries in India used to function.įinance Minister Nirmala Sitharaman, in the Union Budget 2023, highlighted the climate action policies and programs profusely. India being a major signatory to Paris Agreement has adhered to the goal of limiting global warming to 1.5 degrees Celsius and has pledged towards the dire goal of achieving net zero carbon emission by the year 2070 at the meeting of CoP26. The policy pivotal goal was to address the high demand for timber, food, fuel and others.Ĭurrently, India occupies 134 th position in per capita greenhouse emission but is projected to be the fourth biggest emitter of greenhouse gas as per Global Carbon Budget, published during COP27 Climate Conference in Egypt. With that being said, India recognized the potential of agroforestry by meeting various developmental and environmental goals and also launched the National Agroforestry Policy in 2014. Additionally, this practice has an ability to enhance soil organic carbon, which is a major component of soil organic matter and is the major carbon stock in terrestrial ecosystems. This role of agroforestry assists in achieving India’s Nationally Determined Contributions to the United Nation Framework Convention on Climate Change(UNFCCC).The system of agroforestry has been persuaded by scientists for their role towards mitigating climate change by acting as a carbon sink. The agroforestry system which vitally includes trees and crops is an important strategy towards offsetting greenhouse gas emission. The process of zero carbon footprint can be achieved in multiple ways where the most appropriate way is to emit much of CO2 than can be absorbed naturally by plants and animals.Īgroforestry is one of India’s most pivotal steps towards sustainability and climate agenda. To provide a balance in emission of carbon in the environment, it must be counterbalanced by carbon sequestration. In today’s constantly evolving fast paced world, where technological advancement is transforming every sector, carbon emission remains a common threat to all nations thus ushering all to deliberate on this very topic at COP26 held in Glasgow last year.Ĭarbon emission has endangered this planet and its inhabitants and today the entire world is aiming towards making the planet carbon neutral. Among the many policies and laws passed by developed countries in an effort to save the environment, one of the most pivotal actions taken is around Carbon neutrality. While the developed countries are mostly held responsible for depleting the earth’s natural resources, causing global warming, and being the cause behind most of the catastrophic events occurring on the planet now and then, these developed countries have come up with various laws and policies as well contemplating saving the earth.
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