India Needs $22.7 Trillion Investment to Achieve Net-Zero Emissions by 2070: NITI Aayog
According to a NITI Aayog study, India will need a total investment of $22.7 trillion to achieve net-zero carbon emissions by 2070. Of this, $8 trillion will need to be raised by 2050. Current annual investment is $135 billion, while $500 billion is needed annually.
NITI Aayog said in a study on Monday that India will need a total investment of $22.7 trillion to reduce greenhouse gas emissions and achieve net-zero carbon emissions by 2070.
According to the study, this will require an investment of $500 billion annually, while actual investment by 2024 was approximately $135 billion. Of this, only $70-80 billion supports clean energy.
The study states that out of the total $22.7 trillion, $8 trillion will need to be mobilized in advance by 2050. Of this, approximately $5 trillion should be related to the power sector.