Enhanced financing can unlock $50tn in global green transition: report

14 Dec 2023 CW Team

According to Deloitte's report on "Financing the Green Energy Transition," the implementation of enhanced financial mechanisms has the potential to generate savings of up to $50 trillion for global decarbonisation initiatives. The study underscores a substantial rise in the annual global investments required, estimated to be between $5 trillion and $7 trillion, to meet the target of achieving net-zero greenhouse gas emissions by 2050. This marks a significant increase from the current annual investment of less than $2 trillion.

The report pinpoints two key issues contributing to the underinvestment and heightened return expectations in green projects: perceived risk by private investors and the necessity for increased collaboration among governments, financial institutions, and investors in developing economies to address these risks. The proposed solution involves establishing blended, low-cost finance solutions to make green projects more appealing for investment, thereby contributing to a fair and inclusive global energy transition.

Viral Thakker, Partner and Sustainability Leader at Deloitte India, emphasised the critical role of efficient financing mechanisms for India in the global shift to net-zero. Thakker stressed the significance of public-private partnerships and innovative finance structures in achieving this objective. Jennifer Steinmann, Deloitte Global Sustainability and Climate practice leader, underscored the urgency of removing financial barriers in developing economies to expedite the transition to green energy. Hans-Juergen Walter, Global Financial Services Industry Sustainability and Climate leader, highlighted the pivotal role of concessional finance and innovative financing structures in mobilising private capital for climate action, particularly in the Global South.

According to Pradeep Philip, Partner at Deloitte Australia and report author, implementing these financial strategies could potentially reduce the cost of the net-zero transition by 40% for developing economies, contingent upon proper international coordination and participation. The report also outlines specific actions for governments to address the green finance gap, including updating energy transition policies, creating transparent regulatory frameworks, addressing market barriers, and developing human capital for the green energy sectors.

Bernhard Lorentz, Founding Chair of the Deloitte Center for Sustainable Progress, emphasised the significance of the upcoming COP28 as a crucial moment for addressing the financial gap in the transition to net-zero. He stated, "Solving the financial gap is key to accelerating the transition."

According to Deloitte's report on Financing the Green Energy Transition, the implementation of enhanced financial mechanisms has the potential to generate savings of up to $50 trillion for global decarbonisation initiatives. The study underscores a substantial rise in the annual global investments required, estimated to be between $5 trillion and $7 trillion, to meet the target of achieving net-zero greenhouse gas emissions by 2050. This marks a significant increase from the current annual investment of less than $2 trillion. The report pinpoints two key issues contributing to the underinvestment and heightened return expectations in green projects: perceived risk by private investors and the necessity for increased collaboration among governments, financial institutions, and investors in developing economies to address these risks. The proposed solution involves establishing blended, low-cost finance solutions to make green projects more appealing for investment, thereby contributing to a fair and inclusive global energy transition. Viral Thakker, Partner and Sustainability Leader at Deloitte India, emphasised the critical role of efficient financing mechanisms for India in the global shift to net-zero. Thakker stressed the significance of public-private partnerships and innovative finance structures in achieving this objective. Jennifer Steinmann, Deloitte Global Sustainability and Climate practice leader, underscored the urgency of removing financial barriers in developing economies to expedite the transition to green energy. Hans-Juergen Walter, Global Financial Services Industry Sustainability and Climate leader, highlighted the pivotal role of concessional finance and innovative financing structures in mobilising private capital for climate action, particularly in the Global South. According to Pradeep Philip, Partner at Deloitte Australia and report author, implementing these financial strategies could potentially reduce the cost of the net-zero transition by 40% for developing economies, contingent upon proper international coordination and participation. The report also outlines specific actions for governments to address the green finance gap, including updating energy transition policies, creating transparent regulatory frameworks, addressing market barriers, and developing human capital for the green energy sectors. Bernhard Lorentz, Founding Chair of the Deloitte Center for Sustainable Progress, emphasised the significance of the upcoming COP28 as a crucial moment for addressing the financial gap in the transition to net-zero. He stated, Solving the financial gap is key to accelerating the transition.

Infrastructure Urban

13 Mar 2026

Implementation Status of Jal Jeevan Mission

Since August 2019 the Government has implemented Jal Jeevan Mission to provide assured potable water through household tap connections in rural India. At the start of the mission only 32.3 million (mn) rural households, representing 16.7 per cent, were reported to have tap water connections. States and union territories have reported that 125.8 mn additional rural households have since been provided with tap connections. As a result, of about 193.6 mn rural households roughly 158.2 mn, or 81.71 per cent, are reported to have tap water supply at home.\n\nThe State, district and village level st..

Infrastructure Urban

13 Mar 2026

Jal Jeevan Mission Reaches Eighty One Per Cent Rural Coverage

The Government reported substantial progress under the Jal Jeevan Mission, launched in August 2019 to provide tap water to every rural household. At launch only 32.3 million (mn) rural households had tap connections and states and Union territories reported provision of 125.8 mn additional households by March 2026. Consequently, out of about 193.6 mn rural households around 158.2 mn, or 81.71 per cent, are reported to have tap water at home. The Finance Minister announced extension of the mission until 2028 in the 2025-26 budget speech. The Swachh Bharat Mission Grameen, launched in October 20..

Infrastructure Urban

13 Mar 2026

Empowering Local Governance for Sustainable Rural Water Supply

The Ministry of Jal Shakti has aligned the Jal Jeevan Mission (JJM) with the 73rd Amendment to strengthen village level planning and community ownership of water supply. Gram Panchayats, village water and sanitation committees and Pani Samitis are to plan, implement, manage and maintain piped water systems, with gram sabha processes formalising handover and oversight. Implementation support agencies including non government organisations, community based organisations and self help groups have been empanelled to train local committees and promote women participation. Under JJM, the department ..