Decarbonisation and Climate Finance in India
A recent study conducted by Centre for Social and Economic Progress (CSEP) highlights the investment required for decarbonisation in India's key sectors.
Investment Requirements
- An additional investment of about $467 billion is needed by 2030 to significantly decarbonise four major emissions-intensive sectors.
- The study focuses on power, steel, cement, and road transport, which contribute to over half of India's CO2 emissions.
Impact of Decarbonisation
- Decarbonising the power, cement, and steel sectors would mitigate about 6.9 billion tonnes of CO2 emissions by 2030.
- India is on track with its climate targets under the Paris Agreement, having already achieved significant milestones.