CII to Host Energy Efficiency Summit 2024

The Confederation of Indian Industry (CII) is set to host the 23rd Energy Efficiency Summit in Hyderabad on September 11-12, 2024, focusing on accelerating the transition to a low carbon economy. Key leaders, including Dr. Ashok Kumar from the Bureau of Energy Efficiency, emphasized the importance of innovative strategies to overcome challenges in achieving carbon reduction goals. A study by the World Resources Institute indicates that India's transport sector could achieve a 71% reduction in CO2 emissions by 2050 through electrification and improved fuel economy. Meanwhile, climate tech investments saw a decline of 20% in the first half of 2024, although the sector is gaining market share amid broader investment trends. New funds like Visionaries Tomorrow aim to support industrial decarbonization, indicating ongoing interest in climate innovations despite market fluctuations. An Axios event on September 17 will explore decarbonization progress in Southern California, featuring prominent local leaders.