"Welcome to Cold Call, where we dive deep into Harvard Business School's groundbreaking case studies. It's been 10 years since 195 nations signed the Paris Agreement, the landmark international treaty that formalized the concept of net zero emissions. Today, thousands of companies around the world have set ambitious goals to achieve net zero emissions, including Tata Power, India's oldest and largest private power producer."
"By 2045, Tata has committed to phasing down its reliance on coal, even as India's energy demand continues to grow. Today's case looks at whether Tata Power can balance profitability with purpose as it diversifies into renewables, distributed energy, EV charging, and smart grids. Should they focus narrowly on their strongest businesses or is being integrated across the value chain, a source of resilience in a transforming sector? And what lessons does their journey offer for companies navigating similar energy transitions worldwide?"
The Paris Agreement formalized the concept of net zero emissions ten years ago, prompting thousands of companies worldwide to set net zero targets. Tata Power, India's oldest and largest private power producer, committed to phasing down coal by 2045 even as national energy demand rises. The company is diversifying into renewables, distributed energy, electric vehicle charging, and smart-grid technologies while weighing trade-offs between focusing on core profitable businesses and pursuing integrated value-chain strategies that may offer resilience. The Tata Power journey provides practical lessons for companies managing transitions from fossil fuels to low-carbon energy systems amid growth and profitability pressures.
Read at Harvard Business Review
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