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Clean energy goals can be the perfect ground for cooperation in a fragmented world at WEF 2023
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IANS | 27 Dec, 2022
Global leaders will soon converge at Davos, the popular Swiss ski
resort, to discuss geo-politics, economics and development at the World
Economic Forum's (WEF) flagship annual event, buffeted by growing
climate concerns. Under the theme 'Cooperation in a Fragmented World',
the Annual Meeting 2023 will bring together more than 2,500 leaders from
government, business and civil society at a pivotal time for the world.
The
biggest cooperation will be required in the area of climate and clean
energy and Davos 2023 will provide an important platform to drive
forward-looking solutions and address the most pressing global
challenges through public-private cooperation.
According to Louis
Kuijs, Asia-Pacific Chief Economist at S&P Global Ratings,
"Discretionary interference, erection of trade and investment barriers
and attempts to decouple from certain economies will obviously contain
growth of productivity and living standards. Also, fragmentation of the
global economy will impede the green transition."
India, which
figured amongst the top 10 high performers in the Climate Change
Performance Index in 2020, has taken several initiatives, including
setting up of the International Solar Alliance (ISA), for raising the
domestic renewable energy target to 450 GW by 2030, putting in place an
ambitious National Hydrogen Mission and continuing efforts to decouple
its emissions from economic growth. The country has achieved the
remarkable feat of connecting nearly all households to electricity while
also creating one of the world's largest markets for renewable energy.
"Pursuing
economic growth in line with the vision of becoming a net-zero emitter
by 2070, hydrocarbon-rich countries (HRCs) could turn this challenge
into an opportunity by taking advantage of their hydrocarbon resources,
geographic locations, access to abundant renewable energy, and highly
developed infrastructure to develop and export clean hydrogen, defined
as hydrogen produced with very low or zero carbon emissions, and its
derivatives, including clean fuels", says Dr. Prateek Kanakia, Chairman
& Founder, TheGreenBillions Ltd., a company specialising in
aggregating sustainable solutions to tackle climate change.
In
Glasgow, in 2021, Prime Minister Modi also coined a new acronym-LIFE,
shorthand for Lifestyle for Environment-to combat climate change. It is
now for stakeholders from across the spectrum to deliberate on
innovative partnerships that can accelerate the energy transition, gaps
that need to be plugged to ensure energy security, industrial
acceleration and also achieve climate change targets.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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Daily Poll |
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PM Modi's recent US visit to redefine India-US bilateral relations |
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