Innovative EV Approaches and Green Financing Celebrated at London Session
Key Ideas
  • Bharat Forge, a leading Indian multinational, advocated for an innovative approach to electric vehicles during the London session, highlighting the potential of inductive electric charging to reduce the reliance on batteries.
  • The discussion at the Climate and Business session in London focused on advancing climate solutions and sustainability initiatives, with a particular emphasis on clean energy, finance, and mobility to achieve net-zero emissions by 2050.
  • Key figures like the CEO of the London Stock Exchange emphasized the need for greater green financing mechanisms to support energy transition projects in India and globally.
  • The role of green hydrogen in the energy transition away from fossil fuels was also debated, with speakers recognizing the importance of electrification powered by renewables alongside the potential of green hydrogen in smaller projects.
The London session, part of the India Global Forum's Climate and Business (ClimB) event, brought together industry leaders and experts to discuss innovative approaches to electric vehicles (EVs) and green financing. Bharat Forge, represented by vice-chair Amit Kalyani, called for a departure from China's battery-based EV model and suggested incorporating inductive electric charging in India's highway infrastructure. This move could significantly reduce the need for batteries and harmful mining practices associated with them. The session highlighted the importance of advancing climate solutions and sustainability initiatives, with a focus on clean energy, finance, and mobility to work towards achieving net-zero emissions by 2050. Key discussions revolved around the need for greater green financing mechanisms to support India's energy transition and the role of green hydrogen in moving away from fossil fuels. While emphasizing the importance of electrification powered by renewables, industry leaders also acknowledged the potential of green hydrogen in smaller projects. The session concluded with the recognition of London's financial expertise in facilitating capital flows into India, supporting the country's growth trajectory and investments in infrastructure, innovation, and sustainable development.
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