The World Economic Forum forms an alliance to strengthen India’s climate efforts

DAVOS: The World Economic Forum (WEF) on Monday launched the India Chapter of the Alliance of CEO Climate Action Leaders with the goal of accelerating India’s climate and decarbonization initiatives.

The coalition, which is a member of the World Economic Forum’s Climate Action Platform, will work to advance the vision for India’s carbon transition by 2070 outlined in the white paper “Mission 2070: A Green New Deal for a Net Zero India” published last year.

It will bring together government, business and other key stakeholders to help Prime Minister Narendra Modi meet his ambitious “Panchamrit” target, which includes a net-zero target for the country by 2070.

“India’s role in tackling climate change is crucial as a major global economy, and India Inc. must bring its full weight to the country’s efforts, as well as the global effort to combat global warming,” said Sumant Sinha, Co-Chairman of the Alliance of CEO Climate Action Leaders India and Chairman and Chief Executive Officer of ReNew Power.

The alliance, which is a collaboration between management consultancy Kearney and Indian think tank Observer Research Foundation, will serve as a high-level platform to help business leaders develop and implement plans and programs to achieve climate goals, including net-zero economic growth .

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