WFF launches alliance to supercharge India's climate action

The World Economic Forum (WEF) has launched the India chapter of the Alliance of CEO Climate Action Leaders to supercharge India’s climate action and decarbonization efforts. Part of the World Economic Forum’s Climate Action Platform, the alliance will continue efforts to achieve the vision outlined in the white paper released last year, ‘Mission 2070: A Green New Deal for a Net Zero India’, on India’s low-carbon transition by 2070. It will bring together the government, businesses, and other key stakeholders to achieve Prime Minister Narendra Modi’s ambitious ‘Panchamrit’ pledge, which includes the country’s net-zero target by 2070. 
A collaboration between the management consultancy Kearney and the Indian think-tank Observer Research Foundation, the alliance will serve as a high-level platform to support business leaders in planning and implementing plans and programmes to achieve climate targets, including net-zero economic growth. "As a major global economy, India's role in mitigating climate change is critical and India Inc. must add its full weight to the country's efforts, as well to the global endeavour, against global warming," said Sumant Sinha, Co-Chair, Alliance of CEO Climate Action Leaders India, and Chairman and Chief Executive Officer, ReNew Power.

Borge Brende, President, World Economic Forum said, "The Alliance becomes part of our comprehensive nature and climate action agenda in India which includes collaborative initiatives such as Trillion Trees, Moving India for rapid electric vehicle deployment, clean energy financing, Food Innovation Hubs, Stakeholder Capitalism metrices and Clean Skies for Tomorrow.

At the ongoing World Economic Forum in Davos, the Maharashtra Government has signed MOUs worth 30 thousand crore rupees with 23 companies from different parts of the world. This was informed by Maharashtra Industries Minister Subhash Desai in a press statement issued. Desai and other ministers from Maharashtra Cabinet including Energy Minister Dr. Nitin Raut and Environment Minister Aaditya Thackeray are in Davos to attract investment opportunities. Desai said, with the inking of these MOUs 66 thousand people in the state will get employment. He said, in the deals that were signed yesterday, more than 55 percent of investment would come from Singapore, Indonesia, USA, and Japan. Some of the prominent sectors where the investment would be done are manufacturing of medicines, textile, engineering, packaging, food processing, steel, information technology, logistics, etc. The state Industries Minister said, one of the world’s biggest IT companies, Microsoft will set up its Data Centre in Pune with an investment of 3,200 crore rupees.