Mukesh Ambani Pushes For Clean, Affordable Energy; Tech To Decarbonise

In his biggest push for clean and affordable energy, billionaire Mukesh Ambani said it was imperative to adopt technologies that can recycle to set the carbon balance right.

With Prince Abdulaziz bin Salman Al-Saud, Energy Minister of the world's largest oil exporter Saudi Arabia, listening, Ambani said there is a need to provide efficient, clean, and affordable energy.

"The way I see is that in the progress that humankind has made (between) industrial revolutions, we have disturbed the carbon cycle and now it is time to use technology... to reset that balance and adopt the carbon cycle right," he said speaking at the FII Investment Institute Conference over a video link.

He went on to stress the need for technologies that can recycle carbon dioxide.

"I think that, where we are, if we take a clean sheet of paper and adopt technologies whereby we can complete the energy cycle, we can adopt new technologies particularly biochemical photosynthesis. Instead of treating carbon dioxide as a liability - we can make that as raw material," he said.

"It's not only imperative for us to be net carbon zero but I think that we should opt to recycle carbon."

Ambani said for those in the energy business, it is not so much about the decarbonisation but about completing the cycle for zero carbon emission.

"Energy is an essential requirement for all 8 billion people on this earth. There is a need to provide efficient, clean, affordable energy. And we have to do it in a responsible way. That's the business. We should not confuse that between clean and unclean," he said.