Team News Riveting
New Delhi, September 21
The focus to go green would enable Adani Group to become the first Indian company by 2030 to power all its data centres with renewable energy.
This was stated by Group Chairman Gautam Adani while addressing the JP Morgan India Investor Summit today. His address to the investors elaborated how the Adani Group is geared up to lead India, powered by the nation’s inherent strengths and the Group’s embrace of sustainable ways of doing business
“Over 75 per cent of Adani’s planned capital expenditure until 2025 is in green technologies,” Gautam Adani said, adding that it would triple its renewable power generation capacity over the next four years, from 21 per cent to 63 per cent. No other company in the world is building on this scale.
To be sustainable when it comes to green energy, a structure should be developed keeping in mind the state and scale of developing nations and their contribution towards this global movement. As technology evolves rapidly, the opportunities to combat climate change at a global level will equate to trillions of dollars over the next 2 decades
Adani’s integrated value chain, scale, and experience will put the country on the path to be the producer of the least expensive green electron anywhere in the world
“Over the next 10 years, we will invest over 20 billion dollars across renewable energy generation, component manufacturing, transmission and distribution,” Gautam Adani said. “We will be the first port business that is ahead of its target to get to net zero by 2025. This business has committed to 1.5-degree pathway through SBTi,” he added.
A step towards digitizing the country has already been taken from Adani’s end with its digital-related ventures that now span Data Centres, Industrial Clouds, and the Adani Digital Labs.
Taking a dig at those criticising the pace of climate reform in countries like India, Gautam Adani said they must remember that the economic and industrial might of the West sits on a carpet of carbon soot several centuries deep. A hundred years ago, today’s climate reformers were burning over 800 million metric tonnes of coal – that is more coal than what India produces today! From pre-industrial times until now, India accounts for only 3 per cent of the extra carbon in the atmosphere and will eventually end up consuming less than 8 per cent of the entire remaining carbon budget.
He said India accounted for only 3 per cent of the extra carbon in the atmosphere while supporting 17 per cent of the world’s population in one of the fastest growing markets in the world.
