India needs $10.1 trn to achieve net-zero emission by 2070: Report
India will require a total investment of USD 10.1 trillion to achieve net-zero emissions by 2070, while the nation could face a shortfall of USD 3.5 trillion, a study by CEEW Centre for Energy Finance (CEEW-CEF) said.
At the recently concluded COP26, Prime Minister Narendra Modi announced India’s aim to achieve net-zero emissions by 2070.
“India would need cumulative investments of USD 10.1 trillion to achieve net-zero emissions by 2070, according to an independent study released today by the CEEW Centre for Energy Finance (CEEW-CEF),” a statement said.
According to the statement, these investments would help decarbonise India’s power, industrial, and transport sectors. However, the first-of-its-kind study also estimated that India could face a significant investment shortfall of USD 3.5 trillion to achieve its net-zero target.
