
India faces $6.5 trillion funding gap to achieve Net Zero target by 2070: Report
New Delhi, Nov 9 (IANS) India faces a funding gap of $6.5 trillion to achieve its target of Net Zero emissions by 2070, with international capital needing to find a way to fund 40 per cent of the gap at a minimum, according to a report compiled by Australian economist Nicki Hutley.The report, released just ahead of the COP31 UN conference on climate change, highlights the NITI Aayog analysis, which suggests India has a cumulative need of $22.7 trillion by 2070 to fund its Net Zero transition, with the energy sector accounting for about half of this.NITI Aayog estimates that domestic capital can provide just over 70 per cent of financing needs, but significant reforms are required to achieve this. Reforms should include expanding corporate bond markets, mobilising pension savings, encouragi...








