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New Delhi: With a goal to reduce carbon emissions by 20-25% by 2020, as a part of India’s commitments at Copenhagen, India Inc is trying its best to adopt newer strategies to reach that target. In the Financial Express-Emergent Ventures India Green Business Awards on Saturday, several industry associations discussed myriad ways to cut emissions and make the environment cleaner.
Take for instance the metals and mining industry. Over 95% of the green house gas emissions are generated directly by the mining industry as a result of the fossil fuel use. In this industry, energy use represents 15-20% of the operating cost. According to the FE-EVI report on corporate India’s green initiatives, the energy component in the mining industry has to be controlled to reduce the green house gas emissions.
The report warns that if adequate care is not taken then the mining industry can have