Green TERRE Foundation and EESL collaborate to propel U75: Net-Zero University Campus’ Movement
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State-owned Energy Efficiency Services Ltd (EESL) on Thursday said it has inked five initial pacts with partners to boost energy efficiency and renewables in the country, aligning with G20 and COP28 commitments.
These initiatives are poised to double energy efficiency and triple renewable energy, in line with the ambitious targets set at COP28 and G20, an Energy Efficiency Services Ltd (EESL) statement said.
According to the statement, EESL, a joint venture of public sector undertakings under the administration of the Ministry of Power, has signed memorandum of understanding (MoUs) with strategic partner organisations.
EESL Chief Executive Officer Vishal Kapoor said, “The commitment we are making through these MoUs is crucial for not only support in meeting our Nationally Determined Contributions but also for contributing to the global effort in achieving the goals set at COP28”.
Collaborations like these are crucial imperatives for us to actively contribute to the goal of doubling the rate of energy efficiency and tripling the rate of renewable energy, he stated.
India has made significant progress in these sectors. As the nation climbs the socio-economic ladder, it will be pivotal for our business models to be people-oriented, he said.
Energy efficiency has rightly been called the first fuel, and the only way to amplify its impact is by making it available to people at the bottom of the pyramid, he pointed out.
Erik Solheim, former under-secretary general of the United Nations and former minister of Environment and International Cooperation, Norway, said, “The world has moved from the choice of environment or development to environment and development. Asia is the driving force of global economic growth and also leading the world in the space of renewable energy and energy efficiency”.
Through collaborative efforts, EESL is forging impactful partnerships with leading organisations to drive sustainable energy solutions and climate action. Under the MoU with Green TERRE Foundation EESL collaborated with the foundation to propel a movement ‘U75: Net-Zero University Campus’. Seventy-five educational institutes join the initiative to transform campuses into carbon-neutral hubs, advancing energy efficiency and clean energy. This movement not only aims for local impact but also catalyses India’s Nationally Determined Contributions (NDCs).
Read More: https://www.business-standard.com/companies/news/energy-efficiency-services-inks-5-initial-pacts-to-boost-renewables-others-124011800683_1.html
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