‘NET ZERO 2070’ – ASSOCHAM CONFERENCE INAUGURATION BY UNION MINISTER

Why in the news?

A significant conference has been launched in India to enhance the cooperation of companies in India for fulfilling the commitment for net zero emissions by 2070 launched by Union Minister Kirti Vardhan Singh.

source:news18

About the Launching of ASSOCHAM Environment and Carbon Conference:

  • ASSOCHAM Environment and Carbon Conference: The Environment & CarbonConclave initiated by ASSOCHAM in New Delhi was Flagged off by Shri Kirti Vardhan Singh, Union Minister of State for Environment, Forest, and Climate Change.
  • Around the primary subject of the conference, one could hear discussions concerning “Fostering a collaborative ecosystem for achieving net zero by 2070.
  • There is evidence of the personnel: government and leaders of the industry.

Address on climate change and collaboration:

  • Mr Kirti Vardhan Singh said that climatic change is universal and does not have any respect for alliances and borders.
  • He stressed the importance of collective approach towards climate issues and their solutions apart from emphasising on the NDC targets.
  • Speaking on Mission LiFE, the Minister said that it will be used as a tool to add value to sustainable development.
About the India’s Renewable Energy and Efficiency Targets:

  • Increased the ambition of the renewable energy target to 500 GW of installed capacity by 2030 from the earlier target of 450 GW.
  • Has pledged 50 % of those power generation to have no relation with fossil by the year 2030.
  • Established Hydrogen Energy Mission and reduced emission by 60 Million Ton through Perform, Achieve and Trade (PAT) .

Reforms in Transport and EV Support:

  • Digital revolution with Make in India, Digital India and automation in manufacturing units.
  • Backed the international EV30@30 initiative and launched the PLI in ‘Automobile and Automobile Components’ segments to promote EV manufacturing.

Government Schemes and Industry Involvement:

  • Both Pradhan Mantri Ujjwala Yojana and UJALA scheme helped to reduce the CO2 emission to appreciable extent.
  • The Indian cement sector is the most advanced in the transition to low carbon, as well as meeting climate pledges.