India marks significant milestone in journey towards achieving climate goals with launch of Bharat Climate Forum

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India marks significant milestone in journey towards achieving climate goals with launch of Bharat Climate Forum

Saturday, 11 January 2025 | Pioneer News Service | New Delhi

India marked a significant milestone in its journey toward achieving climate goals and economic self-reliance with the launch of the Bharat Climate Forum on Friday. A national platform dedicated to unifying stakeholders from policy, industry, finance, and research to accelerate cleantech manufacturing in India, the Bharat Climate Forum aims to drive sustainable economic growth and innovation.

Hosted by the Centre for Indigenous Economic Understanding (CIEU) and Dalberg Advisors, the Bharat Climate Forum is supported by the Ministry of New and Renewable Energy (MNRE), NITI Aayog, and International Solar Alliance (ISA).

Addressing the launch, Union Minister Ashwini Vaishnaw said Atmanirbhar Bharat embodies India's drive for economic sovereignty and technological leadership through innovation and collaboration. “Our 4G-5G telecom stack showcases this spirit which the cleantech sector can imbibe, with public-private partnerships enabling world-class, competitive solutions. I thank the Bharat Climate Forum organizers for highlighting India’s commitment to cleantech innovation for a sustainable future,” he said in a statement.

The forum comes at a time when India is pursuing ambitious climate targets, including achieving net-zero emissions by 2070 and scaling up non-fossil fuel capacity to 500 GW by 2030. Despite progress in renewables, challenges such as reliance on imports for solar and wind infrastructure persist.

Ashwani Mahajan, National Co-Convener of Swadeshi Jagran Manch and Member-Secretary of the Bharat Climate Forum, emphasized the need for a comprehensive manufacturing policy to address these challenges.

The forum also spotlighted the economic opportunities in cleantech. By 2030, Dalberg estimates suggest that cleantech manufacturing could create a domestic market worth $120-150 billion annually and generate export opportunities of $40-45 billion while generating 50 million new jobs by 2070.

Jagjeet Singh Sareen, Partner, Global Climate Practice at Dalberg Advisors and Member-Secretary of the Bharat Climate Forum mentioned, achieving the 1.5-degree target requires urgent acceleration in our efforts.

The inaugural event witnessed the launch of Bharat Cleantech Manufacturing Platform by Commerce Minister Piyush Goyal an initiative to strengthen India’s clean tech value chains—spanning solar, wind, hydrogen, and battery storage. The Forum launch was also addressed by several distinguished attendees including Amitabh Kant, India’s G20 Sherpa who provided insights into delivering cost-competitive clean tech solutions.

Bharat Climate Forum 2025 is an influential platform that brings together key stakeholders from the government, industry, and global community to accelerate India’s clean energy transition.  CIEU is committed to fostering comprehensive research, facilitating dialogues, and curating innovative ideas that address the needs of diverse communities. Dalberg Advisors is a strategic advisory firm that combines the best private sector strategy skills and rigorous analytical capabilities with deep knowledge and networks across emerging and frontier markets.

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