National Thermal Power Corporation (NTPC):
National Thermal Power Corporation (NTPC) Limited has become the first energy company in the energy domain in India to declare its Energy Compact Goals as part of UN High-level Dialogue on Energy (HLDE).
- 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.
- NTPC is India’s largest power generating company which is under the Ministry of Power.
Energy Compacts (a platform to unite and connect commitments and actions):
- Energy Compacts are being mobilized by UN-Energy and will continue to be mobilized and updated throughout the current Decade of Action.
- These are ongoing or new commitments with clear, underlying actions 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, such as companies, regional/local governments, NGOs, and others.
- Since affordable, clean energy is a prerequisite for achieving all other SDGs and the Paris Agreement, actions defined in an Energy Compact can be directly linked to Nationally Determined Contributions considered as SDG Acceleration Actions.
- UN-Energy was established by the UN System Chief Executives Board for Coordination (CEB) in 2004 as the United Nations‘ mechanism for inter-agency collaboration in the field of energy.
- It seeks to act to support countries in achieving SDG7 and the interrelated goals of the Paris Climate Agenda and the broader SDG agenda.
- In September 2019, the United Nations General Assembly proclaimed the Decade of Action (2021-2030) to deliver the Sustainable Development Goals (SDGs) to accelerate efforts to deliver on the ambitious, universal and inclusive 2030 Agenda.