Adani Group Commits 70% Capex Until 2030 To Energy Transition

Port-to-energy conglomerate Adani Group will invest over $50-70 billion in renewable energy value chain over the next decade and the group firms have committed 70 per cent of planned capex until 2030 to the energy transition, its billionaire chairman Gautam Adani said on Tuesday.

NEW DELHI:

Speaking to business leaders on the sidelines of the UK's Global Investment Summit at the London Science Museum, he made a plea for equitable and pragmatic policies in the battle against climate change and recommended setting practical goals and agendas.

Hydrogen, he said, is a game-changer and the group's green energy portfolio will expand to become one of the world's largest green hydrogen producers.

Green policies and climate action not based on equitable growth will struggle in the long run, he was quoted as saying in a statement issued by Adani Group.

Decision-makers, he said, must consider the voices of the vulnerable when developing climate strategies and mitigation measures.