Indian entrepreneur Nikhil Kamath discusses energy transition, unveils $602,000 fund to combat climate change
Entrepreneur Nikhil Kamath, the co-founder of retail stockbroker Zerodha and asset management company True Beacon, has stepped up support for climate change mitigation by allocating Rs 50 lakh ($602,000) to a climate change charity.
The initiative is also set to involve the community on the ground in order to raise awareness about the pressing topic. The announcement comes as several prominent individuals recently discussed the issue on macro and micro levels on Kamath’s podcast.
Podcast dives into complexities in energy transition
Climate researcher Navroz Dubash, Bollywood actress Bhumi Pednekar, CSE Director General Sunita Narain and sustainability collaborator Mirik Gogri were on ‘WTF is Climate Change?’, which covered everything from fighting climate anxiety to implementing policies.
The episode dived into the complexities in energy transition, stressing the significant role of renewable energy sources such as solar and nuclear in addressing climate change. It also highlighted the need for advancing energy storage technologies for consistent energy supply.
The discussion explored the potential of nuclear energy, particularly through the advancement of small modular reactors and the exploration of thorium as a fuel source, advocating for a diversified approach to the energy landscape, reported DownToEarth.
Major entrepreneurial opportunities in sustainability
Talking about the idea behind the episode, Kamath said: “Climate change is radically changing lives around us, often without us realising it. While everyone is aware of the rudimentary explanation, we wanted to break it down and then make the climate conversation mainstream.”
In addition, the businessperson also highlighted the incredible potential the space holds for future entrepreneurs to solve climate change through innovative solutions. The fund is important as global temperatures continue to break records every now and then.
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