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Home Business

Adani Group ready to invest over 20 billion dollars in renewable energy generation

by Economy India
October 5, 2021
Reading Time: 2 mins read
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The world’s largest Sustainability Summit, TSS- 2021 begins in Hyderabad. Gautami Adani told TiE to take the responsibility to trigger a movement to bring together an ecosystem of entrepreneurs and investors to build equitable solutions for a sustainable world.

Giving his grand keynote address, Gautam Adani Chairman, Adani Group said there is no vaccine for climate change. At least, pandemics like Covid 19 can be countered by vaccines. The Director-General of the World Health Organization summarized it well when he said there is no vaccine for climate change! The annual rate of increase in atmospheric CO2 emissions since 1970 is up almost 100 times. The search for sustainable solutions starts with admitting that the current situation is unsustainable, Gautam Adani said.

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Therefore, the task before us is not just to find solutions to climate change, also to ensure — through science, policy, and technological development — that the principles of equitability are not ignored. Solutions should allow us to bridge the tradeoffs between economic, social, privacy, and environmental policies. A CO2 molecule released in the east is just as damaging to the west. A CO2 molecule released by the poor is just as damaging to the rich. A CO2 molecule released by the already-born is just as damaging to the soon-to-be-born.

As an entrepreneur, I stay optimistic. I believe that the Covid 19 pandemic has forced us to find the will to kickstart a massive ESG-driven economic transformation. I am also confident that the most viable climate change solutions will be digital, and technology-driven — supported by policies that help accelerate adoption. My optimism comes from the realization that the impact of the pandemic would have been far more terrible had the digital technologies of today been absent. This should be an indication of the opportunity before us, Gautam Adani said.

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Tags: Adani GroupEnergyESG-driven economic transformationGautam Adani ChairmanRenewable Energy GenerationSustainability at Adani GroupSustainability Summit
Economy India

Economy India

Economy India is one of the largest media on the Indian economy. It provides updates on economy, business and corporates and allied affairs of the Indian economy. It features news, views, interviews, articles on various subject matters related to the economy and business world.

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