For all the roadmaps, pledges, and targets they have drawn up to achieve net-zero emissions in the future, India’s leading corporations perform poorly when it comes to a relatively low hanging fruit in the decarbonisation journey: sourcing their electricity from renewable, and not fossil, sources.
An analysis of the electricity consumption from leading corporations in the cement, steel, aluminium, textiles and fertilisers sectors found that out of 169 billion units of electricity consumed, only eight billion units – around 6 per cent – came from renewable sources.
The nature of heavy industry makes it a high consumer of energy, which is used to generate heat for industrial processes. But a large share of this energy consumption is for electricity use, which can come from renewable sources instead, the authors of the analysis said.
The data was put together by…
