The Aditya Birla Group will make investments in green energy, joining conglomerates like Tatas, Adani Group and Reliance Industries that have announced multi-billion dollar commitments.
Kumar Mangalam Birla, chairman of Aditya Birla Group, said in a blog post his group companies are making investments in green energy, the circular economy and sustainable materials. “The pendulum of climate change will swing globally when we can find technology led solutions to marry the material aspirations of current generations with responsibility towards the lives of future generations. And nowhere is that truer than in rapidly emerging countries like India,” Birla said without elaborating on any investment figures in the green energy business.
The Tata group is investing Rs. 77,000 crore in green energy and Reliance has announced Rs 75,000 crore in the next three years for the sector. The Adani Group has announced $70 billion for green energy in the next 10 years.
Birla said the climate and sustainability will be the defining challenges of the century. “While the short-term flight from natural gas has been to coal, broader efforts to clean energy transition are now truly underway. Governments and large corporations globally finally see a confluence between what is virtuous and financially prudent. And this convergence will drive a multi-decade transition,” Birla said.
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