India needs $10 trillion investment to hit net zero target

28 Dec 2022 CW Team

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.

Infrastructure Urban

15 Oct 2025

IGBC Net Zero Project Office Inaugurated in Amaravati

The Indian Green Building Council (IGBC) marked a landmark event as Shri N. Chandrababu Naidu, Hon’ble Chief Minister of Andhra Pradesh, inaugurated the Andhra Pradesh Capital Region Development Authority’s (APCRDA) new Project Office in Amaravati on 13 October 2025. The ceremony was attended by Shri Chandra Sekhar Pemmasani, Union Minister of State for Communications & Rural Development; Shri Ponguru Narayana, Minister of Municipal Administration and Urban Development, Government of Andhra Pradesh; Shri S. Suresh Kumar, IAS, Principal Secretary, MA & UD; Mr. C Shekar Reddy, National Vice-..

Ingersoll Rand Opens New Rs 1.7 Billion Facility in Gujarat

Ingersoll Rand (India) Limited, a wholly owned subsidiary of Ingersoll Rand Inc. (NYSE: IR), has inaugurated its state-of-the-art manufacturing facility in Sanand, Gujarat, marking one of its most significant investments in India worth Rs 1.7 billion (?USD 20 million). The new facility reinforces the company’s commitment to innovation, sustainability, and regional growth. In its first phase, the site will produce over 24,000 units annually, with additional phased investments planned. Scheduled to begin production by Q4 FY2025, the Sanand facility will expand Ingersoll Rand’s total capacit..

MoD Spends Over 50% of FY26 Defence Capital Outlay by September

The Ministry of Defence (MoD) has utilised more than 50 per cent of its capital outlay for FY 2025–26 by the end of September. The capital expenditure stands at Rs 922,114.4 million (51.23 per cent) out of the total allocation of Rs 18 billion. In the previous fiscal, MoD had fully utilised its capital budget of Rs 1,597,684 million. This strong expenditure pace will ensure timely delivery of major platforms such as aircraft, ships, submarines, and weapon systems vital for the modernisation of the Armed Forces. Most of the spending has been on aircraft and aero engines, followed by land sys..