The nation's vast and diverse agricultural land, coupled with its rich agricultural heritage, provide a fertile ground for converting biofuel feedstocks such as sugarcane, maize, etc into sustainable energy sources or biofuels
As a nation with a steep development trajectory, India has experienced significant economic growth in the past few decades, largely fuelled by fossil fuels, making it the world’s third largest carbon-emitter. To combat this problem of carbon-emission, the Indian government has set an ambitious goal of achieving net-zero emissions by 2070.
As India transitions towards sustainable energy, this shift will not only help mitigate climate change but also ensure long-term energy security and economic growth. With a target of 500 Gigawatts of renewable energy capacity by 2030, India is taking a leading role in global carbon reduction efforts.
The ‘India Energy Transition Summit’, presented by Honeywell and CNBC-TV18, brought together experts, industry leaders from public and private sectors, policy makers to discuss sustainable energy solutions and energy efficient future. Click here to watch the summit.
Ashish Modi, President, Honeywell India, set the tone for the summit by emphasising on necessity to tackle CO2 emissions, particularly from hard-to-abate sectors like power and steel, and how it is crucial to meet the net-zero goal India’s Energy Transition Journey.