India to face investment shortfall of $3.5 tn to achieve target of net-zero emission by 2070

India could face a significant investment shortfall of USD3.5 trillion to achieve its target of net-zero emission by 2070. Of this, it would need investment support of USD1.4 trillion in the form of concessional finance from developed economies to mobilize foreign capital. Overall, India would need cumulative investments of $10.1 trillion to achieve net-zero emissions within the next fifty years, according to an independent study released here by The Council for Environment, Energy and Water – Centre for Energy Finance (CEEW-CEF).

The first of its kind study ‘Investment Sizing India’s 2070 Net-Zero Target’ estimates that these investments would help decarbonize 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.