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A technology-driven circular business model is essential to reach climate change goalsThe novel coro

The novel coronavirus disease (COVID-19) pandemic has accelerated digital transformation for most of the industries and organisations today. We can accelerate progress to meeting global climate change commitments with advanced digital tools at our disposal. And there is no time to waste.

The 26th Conference of Parties (CoP26) to the United Nations Framework Convention on Climate Change taking place in Glasgow had set “keep 1.5 degrees within reach” as its goal for all the countries to deliver on the promises of the Paris Agreement of 2015.

Circular business models, an economic approach aimed at eliminating waste and the continual use of resources, offer a new paradigm that emphasises on the need to take a comprehensive view of products and processes.

The Indian government is taking ambitious actions in energy efficiency measures, biofuels, sustainable transport, e-vehicles, enhancing green cover and sustainable agriculture, Union Minister of Environment, Forest and Climate Change, Bhupender Yadav, said at a climate meeting recently.

Prime Minister Narendra Modi announced the target of generating 450 gigawatts of renewable energy by 2030 early this year. As of July 2021, India had 96.96 GW of renewable energy capacity and represented 25.2 per cent of the overall installed power capacity. He also launched the National Hydrogen Mission for the generation and export of green hydrogen in order to meet climate targets.


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