India needs $401 bn capex to fight climate change: Report
The country needs over USD 400 billion in capital investment which could save over 100 GW of energy and 1.1 billion tonne of greenhouse gasses between 2015 and 2030, if it goes ahead with the measures to control pollution under the Paris climate agreement, says a report. Since the country is set to far exceed most of its 2015 Paris Agreement targets on climate change, analysts are keenly watching whether India raises its pollution curtailment targets or signals a ‘net carbon neutrality’ deadline at the two-day Climate Summit that began on Thursday.
The government’s push towards blending ethanol up to 25 per cent and move towards green hydrogen are encouraging, Bank of America Securities said in a note on Thursday–
