Bhadrak (Odisha): ‘Policies to manage and overcome the climate change crisis must be equitable and pragmatic’, said Gautam Adani, chairman of Adani Group.
Speaking to business leaders on the side-lines of the UK’s Global Investment Summit at the London Science Museum, Adani stated that green policies and climate action not based on equitable growth will struggle in the long run. Decision makers must consider the voices of the vulnerable when developing climate strategies and mitigation measures.
Adani’s logistics utility APSEZ has committed to the 1.5-degree pathway through SBTi (Science Based Targets initiative) as has AGEL, Adani’s renewable energy company. Adani is also incubating the first Indian data centre company that will power all its data centres by renewable power by 2030. “This transformation has multiple dimensions that will impact not just the world of energy but also the world of chemicals, plastics, mobility, computing, and metals,” said Adani.
Over 70% of its planned capex until 2030 will be in sustainable technologies. When combined with India’s cost and locational advantages, this will enable Adani to produce the world’s least expensive green electron and be on track to become the world’s largest renewable power portfolio by 2030.