In addition to presenting a framework for sustainable development, ethical business conduct, and open reporting, the ESG policy promotes Kerala as a state that will achieve net carbon neutrality by 2050 and a 100% renewable energy base by 2040. 

 

The policy will go into effect in October 2025 and last for five years. 

 

Since it needs to handle different areas, the state government's focus on renewable energy involves a diversified approach. Along with steps to improve energy efficiency for cheaper power production, this also involves efforts to expand the production of renewable energy, which will reduce emissions of greenhouse gases and other pollutants.

 

Furthermore, by offering training and educational opportunities, the government is dedicated to promoting local engagement and skill development in communities.

 

To improve technology in the renewable energy business and make it more sustainable and affordable over time, research and development expenditures are given top priority. Creating job opportunities in the renewable energy sector is a vital part of these initiatives, as it promotes wealth and economic growth.

 

According to the policy, as renewable energy sources like solar, wind, hydro, and biomass lower greenhouse gas emissions and fight climate change, they are essential to environmental sustainability initiatives.

 

Solar parks, floating solar installations, rooftop solar systems, wind farms, minor hydroelectric plants, and biomass energy facilities are among the proposed infrastructure components included. It draws attention to how important public-private collaborations are for knowledge sharing, technological transfer, and innovation.