05 Aug 2024
According to an analysis by the think tank Climate Risk Horizons, only five percent of India's leading 33 companies' total annual electricity consumption comes from renewable sources (solar and wind).
In its report, Climate Risk Horizons examined 33 companies across seven industries, five of which are large energy consumers (cement, steel, aluminium, textiles, and fertilizers) and the other two being information technology and fast-moving consumer goods.
The CRH report, titled Slow to Switch, stated that India's top companies are failing to meet its ambitious renewable energy and decarbonisation goals. The report stated that all but one of the companies analysed (ArcelorMittal/Nippon Steel) reported their energy consumption from various sources. It asserted that "nearly none are actually on track to attain their objectives."
leave your comment