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India will need as much as $21 trillion to achieve its climate goals and lift its population out of poverty, according to a draft government plan seen by bloomberg. India’s new draft climate finance rules are set to channel $2.5 trillion for its climate transition This ambitious overhaul could inspire global climate strategies.
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The $10 trillion climate investment is not just a capital allocation exercise, it is a massive job creator According to the ministry of finance, reaching india’s 2030 climate goal will require approximately $2.5 trillion of investment. According to a report by ceew and nrdc, india’s renewable energy sector alone could create 3.5 million jobs by 2030.
