ENA Sectors 2025-05-01 17:26:12 <p><span style="font-size:14px"><strong>New Delhi, May 1 (KNN)</strong> In a significant push toward climate action, Indian tech giant HCL Group, in collaboration with the India Climate Collaborative (ICC), has launched the HCL ClimaForce Fund&mdash;a Rs 25 crore initiative aimed at supporting market-ready solutions for climate mitigation and adaptation.</span></p> <p><span style="font-size:14px">The fund seeks to address critical sectors like cooling, buildings, and freight mobility, which are vital to Indias development and environmental goals.</span></p> <p><span style="font-size:14px">With rising demand for cooling&mdash;expected to increase eightfold by 2037&mdash;and an expanding building sector, the need for sustainable solutions has never been greater. Freight emissions, too, are projected to surge by over 450 per cent by 2050.</span></p> <p><span style="font-size:14px"> This is our first dedicated climate initiative, said Roshni Nadar Malhotra, Chairperson, HCL Group. We are investing in innovators creating real solutions for a low-carbon future, aiming to bridge innovation and adoption. </span></p> <p><span style="font-size:14px">Unlike traditional grants, ClimaForce will operate in a commercial setting, backing over 20 solutions initially. Selected innovations will be piloted with industry partners and supported by technical experts.</span></p> <p><span style="font-size:14px">The pilots will serve as proof-of-concept to attract wider investor and industry interest, paving the way for large-scale adoption.</span></p> <p><span style="font-size:14px">The initiative aligns with Indias commitments under the Paris Agreement and the Montreal Protocol, especially in phasing down harmful refrigerants.</span></p> <p><span style="font-size:14px">Shloka Nath, CEO of ICC, emphasised the urgency: Were at a point where innovation must meet speed. This fund is about turning climate ambition into real-world impact.</span></p> <p><span style="font-size:14px">With hopes to inspire broader corporate participation, the ClimaForce Fund may become a model for how industry and philanthropy can work together to combat climate change.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 41939 https://knnindia.co.in/news/newsdetails/sectors/hcl-group-launches-climate-fund-to-support-low-carbon-innovations 2025-05-01 17:26:12 knnindia.co.in