Carbon-Neutrality and Panchamrit
The much-hyped UNFCCC COP26 at Glasgow witnessed India’s commitment to achieving the target of Net-Zero emissions by 2070; a step of quintessential necessity to limit the temperature rise to 2 degrees Celsius above pre-industrial level. Net-Zero or Carbon Neutrality : In recent times, this term has become a synecdoche of climate commitments, but what does it mean? Net-Zero aka carbon neutrality is often misunderstood to be a case of no emission. In reality, it is a state in which a country’s emissions are compensated by absorption and removal of GHGs from the atmosphere. In our language, that is, the language of commerce, it is basically a position of neither profit nor loss. To ensure India’s contribution in curbing environmental mayhem, we have put forward the concept of PANCHAMRIT which is nothing but a set of 5 targets , which are: i) Achieve the target of net zero by 2070; ii) Increase non-fossil energy capacity to 500 GW by 2030; iii) Meet 50% of its energy requirements...