Global alliance of 131 CEOs for climate action cut emissions while boosting revenues: WEF – Times of India
NEW DELHI: A group of 131 CEOs of the Global Alliance for climate action representing some big companies from across 27 countries, including India, had reduced 10% of aggregate absolute emissions between 2019 to 2022 while recording 18% aggregated growth in their revenues during the same period, according to a report from the World Economic Forum (WEF) which shows that the economic growth and climate actions can go hand in hand.The report, released on the sidelines of the UN General Assembly in New York on Thursday, noted that the 18% aggregate revenue growth, surpassing global GDP growth of 15%, was amounted to over $640 million whereas emission reduction of 10% was equivalent to 450 megatons, roughly the annual emissions output of France or the United Kingdom.The Alliance is the world’s ...