Innovative Approach to Climate Action: Bharat Forge's Call for Electric Vehicle Revolution
Key Ideas
- Bharat Forge emphasizes the need for an innovative approach to electric vehicles, advocating for inductive electric charging over battery-based models to reduce costs and environmental impact.
- India Global Forum's Climate and Business session in London focuses on advancing climate solutions and sustainability initiatives, including discussions on green financing and energy transition.
- Speakers highlight the importance of electrification through renewables and question the role and potential of green hydrogen in the energy transition away from fossil fuels.
- The London Stock Exchange's Global Investors Forum celebrates its role in facilitating capital flows into India's fast-growing economy, aiming to support India's growth trajectory through investments in infrastructure, innovation, and sustainable development.
During the India Global Forum's Climate and Business session in London, Bharat Forge's vice-chair and joint managing director, Amit Kalyani, called for a shift towards a more innovative approach to electric vehicles in India's climate action agenda. Kalyani highlighted the potential of inductive electric charging as a more cost-effective and environmentally friendly alternative to China's battery-based model. The session discussed various climate solutions and sustainability initiatives, emphasizing the importance of advancing towards net-zero emissions by 2050. Speakers at the event, including industry leaders and CEOs, underscored the significant financing needs for green projects in India and the role of global financial mechanisms in supporting investments in clean energy and infrastructure. The debate also explored the role of green hydrogen in the energy transition, with opinions varying on its potential as a silver bullet solution. Additionally, the session was followed by the Global Investors Forum at the London Stock Exchange, where the focus was on celebrating the exchange's role in facilitating investments into India's rapidly growing economy. The forum aimed to foster pathways for substantial investments in infrastructure, innovation, and sustainable development, highlighting London's financial expertise and robust capital markets as key contributors to India's growth trajectory.