+
India needs $10 trillion investment to hit net zero target
POWER & RENEWABLE ENERGY

India needs $10 trillion investment to hit net zero target

India’s target of achieving net zero emissions by 2070, announced by Prime Minister Narendra Modi at the UN Climate Summit COP26 in Glasgow in November 2021, might be somewhat over-ambitious, according to experts, and would require a huge investment.

India is the third largest emitter of greenhouse gases after China and the US. China has said that it plans to achieve net carbon neutrality by 2060, and the US along with the European Union (EU) aims to do so by 2050.

To achieve its target, India will have to move away from its heavy dependency on coal and a proper roadmap is required to achieve this, before moving towards the larger target.

According to a study, an investment of $10 trillion, starting from this year itself, would be needed to achieve the net zero target. And if the deadline is advanced to 2050, then the amount may go up to $13.5 trillion.

The economic benefits of India stepping up its transition to climate neutrality by 2070 are immense - boost of up to 4.7% per cent to the annual GDP by 2036 and creating some 15 million new jobs by 2047, according to a report by the High-Level Policy Commission on Getting Asia to Net Zero. The benefits are even greater if India reaches net zero carbon emissions by 2050.

The report, titled ‘Getting India to Net Zero’, released in August this year, said that achieving the zero-emission target by 2070 would be worth $371 billion in financial terms.

See also:
Rs 100 bn infra works for Andamans in pipeline: minister
Ahmedabad’s Sakri Lake to be developed in Rs 190 mn project


India’s target of achieving net zero emissions by 2070, announced by Prime Minister Narendra Modi at the UN Climate Summit COP26 in Glasgow in November 2021, might be somewhat over-ambitious, according to experts, and would require a huge investment. India is the third largest emitter of greenhouse gases after China and the US. China has said that it plans to achieve net carbon neutrality by 2060, and the US along with the European Union (EU) aims to do so by 2050. To achieve its target, India will have to move away from its heavy dependency on coal and a proper roadmap is required to achieve this, before moving towards the larger target. According to a study, an investment of $10 trillion, starting from this year itself, would be needed to achieve the net zero target. And if the deadline is advanced to 2050, then the amount may go up to $13.5 trillion. The economic benefits of India stepping up its transition to climate neutrality by 2070 are immense - boost of up to 4.7% per cent to the annual GDP by 2036 and creating some 15 million new jobs by 2047, according to a report by the High-Level Policy Commission on Getting Asia to Net Zero. The benefits are even greater if India reaches net zero carbon emissions by 2050. The report, titled ‘Getting India to Net Zero’, released in August this year, said that achieving the zero-emission target by 2070 would be worth $371 billion in financial terms. See also: Rs 100 bn infra works for Andamans in pipeline: ministerAhmedabad’s Sakri Lake to be developed in Rs 190 mn project

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?