CURRENT AFFAIRS

Detailed explanation-1: -Mumbai, June 3, 2021: HDFC Bank today announced plans to become carbon neutral by 2031-32. As part of this initiative, the Bank is looking at reducing its emissions, energy, and water consumption.

Detailed explanation-2: -HDFC Bank has pledged to become carbon neutral by FY2032.

Detailed explanation-3: -Unilever, Amazon and Toyota are few examples of companies who have committed to become carbon neutral by 2030, 2040 and 2050. As the time is ticking and the intensity of global warming growing, it is a moral imperative for every company to work towards carbon neutrality, irrespective of the nature and size of business.

Detailed explanation-4: -Tencent today announced its plan to achieve carbon neutrality in its own operations and supply chain by no later than 2030. The world-leading internet and technology company also committed to using green power for 100% of all electricity consumed by the end of the decade.

Detailed explanation-5: -India’s five new pledges are: net-zero emissions by 2070, and by 2030 achieving non-fossil fuel energy capacity of 500 GW, 50% energy requirements from renewable sources, reducing total projected carbon emissions by 1 billion tonnes and reducing the carbon intensity of the economy to less than 45%.