WEF launches alliance to supercharge India's climate action

Davos-Klosters (Switzerland), May 23:  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 decarbonisation 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.

"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.

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.

It will leverage learnings and experiences from global projects such as the Alliance of CEO Climate Leaders and the First Movers Coalition.