Which key interventions can trigger a systemic net-zero transition in India?

This briefing presents a list of opportunities for international finance to speed up net-zero transitions in India. It looks at key opportunities for finance to speed up net-zero plans in India as the country takes over the G20 presidency in 2023.

Photo by arihant daga on Unsplash

Summary

There is a big opportunity to accelerate India’s net-zero transition and make the country a pioneer in the clean energy space. The scale of investment required for this to happen is enormous, estimated at USD 10.1 trillion by 2070 and USD 5.7 trillion by 2050, while the current GDP is about USD 3.5 trillion. The national government has provided a mandate to support the transition but operationalising it will require strategic policy focus across key intervention areas. These include:

  • A socially just and climate resilient growth path
  • A robust financing plan
  • Technological strategic development.
Background

This briefing was authored by R R Rashmi, Saswata Chaudhury and Kartikey Sharma (all TERI) as part of the Net Zero Political Economy project. The project received financial support from the ClimateWorks Foundation. The briefing is the work of the authors and does not necessarily represent the views of Climate Strategies or ClimateWorks Foundation.