CURRENT AFFAIRS

Detailed explanation-1: -Seven Indian companies have made it to a carbon-clean list of 200 largest companies worldwide ranked by their total clean-energy revenues.

Detailed explanation-2: -The Clean200™ is an educational tool intended to give individuals the ability to research companies that are effectively balancing people, planet, and profit. The Clean200 list may be used by individuals free of charge. All commercial investment products derived from The Clean200 require a license.

Detailed explanation-3: -India’s green energy companies, such as Adani Greens, owned by billionaire Gautam Adani’s Adani Group, and carbon offsetters like EKI Energy Services, have come together to develop a carbon credit market to help achieve energy transition goals.

Detailed explanation-4: -India’s carbon market is one of the fastest growing markets in the world and has already generated approximately 30 million carbon credits, the second highest transacted volumes in the world. The carbon trading market in India is growing faster than even information technology, bio technology and BPO sectors.

Detailed explanation-5: -Several Indian corporate houses have set decarbonisation targets internally to become carbon neutral by 2050 or before. These include Vedanta, Aditya Birla Group, JSW Group, Adani Transmission, Mahindra & Mahindra, and Dalmia Cement, among others. Reliance Industries has set a target of net-zero by 2035.