In Short : Gautam Adani advocates for a balanced approach to energy during COP28. This suggests a call for considering a mix of energy sources that ensures both economic growth and environmental sustainability. Adani’s stance underscores the importance of finding a equilibrium between meeting energy demands and addressing climate concerns on the global stage.
In Detail : New Delhi : As world leaders dwell on the language of the final outcome of climate talks, billionaire Gautam Adani on Tuesday made a pitch for adopting a balanced approach that takes into account energy costs and availability while continuing to accelerate on green ambitions.
At the 28th UN Climate Change Conference in Dubai, called COP28, 118 governments pledged to triple the world’s renewable energy capacity by 2030 but have not been able to arrive at the language to be used in the outcome document for cutting the share of fossil fuels in the world’s energy production.
“In the midst of initial encouraging signs from COP 28, it is relevant to remember that while in sum total (given our 1.4 billion population) we are the world’s third largest primary energy consumer, our per capita electricity consumption @ 1250 kWh is still less than one-third of the global average and less than one-seventh of the developed world,” Adani said in a post on X.
India, he said, is also the only large nation ahead of its target in meeting its UNFCCC commitment to reduce its emissions intensity by 45 per cent from the 2005 level by 2030.
“The fastest growing economy must balance its energy cost, energy availability and green energy objectives while continuing to accelerate its massive green ambitions,” he added.