Targeted Renewable Spending Can Save India USD 28 bn in Climate Losses
POWER & RENEWABLE ENERGY

Targeted Renewable Spending Can Save India USD 28 bn in Climate Losses

The investment of two per cent of capital expenditure in climate resilience across India's planned renewable energy pipeline could halve potential losses from USD 55 bn to USD 27 bn, the report said. This targeted expenditure would result in an estimated saving of USD 28 bn, equating to a sixfold return on investment. The analysis was prepared by Zurich Kotak General Insurance in partnership with Zurich Resilience Solutions, the risk advisory division of Zurich Insurance.

The report noted that India has become the world's third-largest holder of renewable energy capacity in 2026, with installed non-fossil capacity reaching 283.5 gigawatts (GW) in March. Renewable generation is expanding at about 11 per cent annually, keeping the country on track towards its 2030 target of 500 GW of non-fossil capacity. The study examined 871 planned renewable generation sites across 10 states and Union territories, representing around 90 per cent of planned capacity.

It found that nearly 90 per cent of planned renewable generation capacity could face high or critical climate risk exposure by 2030, with a 15-30 per cent likelihood of experiencing a major climate event. The findings highlighted a material risk to the build-out as climate hazards intensify and infrastructure remains vulnerable. The authors argued that addressing resilience now would protect investments and reduce systemic loss potentials.

The report recommended mandatory climate risk screening during project planning, stress-testing of high-risk assets and incorporation of hazard-specific resilience standards into procurement. It further advised strengthening supporting infrastructure and quantifying resilience benefits to improve access to capital for developers, lenders and insurers. Policymakers were urged to consider these measures to safeguard the renewable energy expansion and its role in emissions reduction.

The investment of two per cent of capital expenditure in climate resilience across India's planned renewable energy pipeline could halve potential losses from USD 55 bn to USD 27 bn, the report said. This targeted expenditure would result in an estimated saving of USD 28 bn, equating to a sixfold return on investment. The analysis was prepared by Zurich Kotak General Insurance in partnership with Zurich Resilience Solutions, the risk advisory division of Zurich Insurance. The report noted that India has become the world's third-largest holder of renewable energy capacity in 2026, with installed non-fossil capacity reaching 283.5 gigawatts (GW) in March. Renewable generation is expanding at about 11 per cent annually, keeping the country on track towards its 2030 target of 500 GW of non-fossil capacity. The study examined 871 planned renewable generation sites across 10 states and Union territories, representing around 90 per cent of planned capacity. It found that nearly 90 per cent of planned renewable generation capacity could face high or critical climate risk exposure by 2030, with a 15-30 per cent likelihood of experiencing a major climate event. The findings highlighted a material risk to the build-out as climate hazards intensify and infrastructure remains vulnerable. The authors argued that addressing resilience now would protect investments and reduce systemic loss potentials. The report recommended mandatory climate risk screening during project planning, stress-testing of high-risk assets and incorporation of hazard-specific resilience standards into procurement. It further advised strengthening supporting infrastructure and quantifying resilience benefits to improve access to capital for developers, lenders and insurers. Policymakers were urged to consider these measures to safeguard the renewable energy expansion and its role in emissions reduction.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement