India would need cumulative investments of $10.1 trillion to achieve net-zero emissions by 2070, according to an independent study released on Thursday by CEE-CEF.
The Council for Environment, Energy and Water – Centre for Energy Finance (CEEW-CEF) said these investments would help de-carbonize India’s power, industrial and transport sectors. However, the first-of-its-kind study estimated that India could face a significant investment shortfall of $3.5 trillion to achieve its net-zero target.
Hence, investment support of $1.4 trillion in the form of concessional finance would be required from developed economies to mobilize foreign capital that bridges the gap, the CEEW-CEF study ‘Investment Sizing India’s 2070 Net-Zero Target’ said.
