On Wednesday, Yadav said that reaching the target of net-zero emissions is not enough, stressing that the Intergovernmental Panel on Climate Change (IPCC) report is a clarion call for developed countries to immediately cut down deep emissions and decarbonize their economies.

The Ministry, speaking at the Leadership, Excellence, Adaptability, Diversity and Sustainability (LEADS), an event by the Federation of Indian Chambers of Commerce & Industry (FICCI) under Future of Partnerships, highlighted the major issues of climatic justice and sustainable lifestyle, prioritized by PM Narendra Modi.

Yadav said that the initiatives taken by India in the past few years, both nationally and internationally, for promoting renewable power have now made the country the fourth largest renewable power capacity in the world.

The Ministry of Environment further said that the PM had announced an energy target of 450 GW renewable energy capacity and Hydrogen Energy Mission 2021-22 for generating hydrogen from renewable sources.

The Ministry of Environment said that the energy transition in different parts of the world would be different. India has more to offer and share its experience with other countries with similar energy assessment issues and address the growing demand for renewable power.

Yadav said that India and Europe are key partners who are set to take this partnership forward in other sustainable technologies like Green Hydrogen, Battery Storage, Offshore Wind Energy, Solar Photovoltaic, Solar Thermal, BioEnergy, Hydrogen, Fuel Cells, Energy Storage, Thermal Power, Geothermal Energy.

However, developed countries should provide lead markets for green technologies and drive down costs so these can be deployed for developing the economies, the Ministry said.

India has a bilateral engagement with Germany, UK and Denmark in the energy sector, due to which many achievements can be made in sustainable and green technologies.

On the role of private sectors in creating low-carbon sustainable economies, he said that private firms should support the roadmap for the transition towards low carbon emission, and requested the Indian firms, especially cement, steel, logistics, among others, to join the Leadership Group for Industry Transition, an initiative by India and Sweden.