Question:
Argument II. Rapid decarbonisation to fulfill India's Net Zero commitment will have business consequences.
Argument II. Rapid decarbonisation to fulfill India's Net Zero commitment will have business consequences.
Updated On: Aug 4, 2024
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Solution and Explanation
The correct answer is: Argument II: Rapid Decarbonization and Business Consequences .Rapid decarbonization to meet India's Net Zero commitment will undoubtedly impact businesses. Transitioning from fossil fuels to renewable energy sources requires substantial investment, restructuring, and adaptation. Industries dependent on carbon-intensive processes must innovate or face obsolescence. This shift could lead to short-term economic disruptions, including job losses and increased costs. However, it also presents opportunities for growth in green technologies and sustainable practices, potentially positioning businesses as leaders in the new economy. Balancing these challenges and opportunities is crucial for a smooth transition to a sustainable future, emphasizing the need for strategic planning and support.
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