NTPC Limited first energy company to declare its Energy Compact Goals
Part of: GS Prelims and GS -III – Energy Sector
In news
National Thermal Power Corporation (NTPC) Limited has become the first energy company in the Indian energy domain to declare its Energy Compact Goals as part of UN High-level Dialogue on Energy (HLDE).
NTPC is India’s largest power generating company which is under the Ministry of Power.
The United Nations is set to convene a high-level dialogue (HLD) in September, 2021 to promote the implementation of the energy-related goals and targets of the 2030 Agenda for Sustainable Development.
About Energy Compacts
It is a platform to unite and connect commitments and actions.
They are being mobilized by UN-Energy throughout the current Decade of Action.
They form part of commitments that will advance progress on one or more of SDG7’s three core targets.
SDG7 calls for “affordable, reliable, sustainable and modern energy for all” by 2030.
SDG 7 three core targets: Access to energy, Renewable energy, Energy efficiency.
These are voluntary commitments from Member States and non-state actors
About NTPC Energy Compact Goals
It has set a target to install 60 GW of renewable energy capacity by 2032.
It is also aiming at 10% reduction in net energy intensity by 2032.
NTPC has declared that it will form at least 2 international alliances/groups to facilitate clean energy research and promote sustainability in the energy value chain by 2025.
