What's Happening?
Executives from sectors such as FMCG and construction are advocating for a shift towards green energy sources and sustainable materials to achieve net zero emissions. At the Mint Sustainability Summit 2025, leaders from companies like ITC, Pernod Ricard India, and Larsen & Toubro discussed strategies to reduce emissions through renewable energy and clean fuels. India aims to achieve net zero by 2070, with companies phasing out old technologies. The transition involves using renewable energy sources and converting fossil fuel-based systems to biomass-based alternatives.
Why It's Important?
The push for green energy is crucial for reducing emissions and achieving sustainability goals. Companies adopting renewable energy can benefit from cost reductions and improved environmental impact. The transition supports India's commitment to net zero by 2070, contributing to global efforts to combat climate change. By prioritizing sustainable practices, businesses can enhance their reputation and competitiveness, attracting environmentally conscious consumers and investors.
What's Next?
The industry may see increased investment in renewable energy infrastructure and technology development. Companies might collaborate with governments and stakeholders to expand clean energy initiatives. The focus on biodiesel and ethanol blending could lead to further innovations in fuel technology. As the demand for sustainable practices grows, businesses may explore new markets and opportunities in green energy solutions.
