CURRENT AFFAIRS

Detailed explanation-1: -Mahindra & Mahindra (M&M), India’s leading manufacturer of utility vehicles and part of the US$ 20.7 billion Mahindra Group, today announced its commitment to become a carbon-neutral company by 2040. Mahindra will focus on energy efficiency and the use of renewable power to achieve this target.

Detailed explanation-2: -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-3: -With its determination to continue the phase-out of fossil fuels and build-out of green energy, Ørsted will see its emissions reduced by at least 98% by 2025.

Detailed explanation-4: -India has set itself a target to achieve net zero by 2070. But the world’s third-largest emitter of greenhouse gases faces many challenges, including a heavy dependence on coal and a lack of funding.

Detailed explanation-5: -Shaklee Corporation became the first Climate Neutral certified company in April 2000. The company employs a variety of investments, and offset activities, including tree-planting, use of solar energy, methane capture in abandoned mines and its manufacturing processes.