
Summary:
According to CRISIL, India's green investments are projected to increase fivefold to ₹31 trillion (US$ 358.46 billion) by 2030. Renewable energy will account for ₹18.8 trillion, followed by investments in oil, gas, and transportation. Achieving net-zero emissions and Paris Agreement targets is estimated to cost ₹8,64,80,000 crore (US$ 10 trillion) by 2070. Road transport and Indian Railways will play pivotal roles in long-term decarbonization efforts.
High-risk green initiatives, such as hydrogen generation, carbon capture, usage and storage (CCUS), and energy storage, require government incentives, subsidies, and private investments to succeed. CRISIL highlights the importance of green funding pools, carbon credit systems, and centralized transparency. Public-private partnerships, blended financing, and global climate funds are essential for scaling emerging technologies. The Indian Railways’ push for solar and wind energy underscores the critical role of legislation in accelerating decarbonization and reducing operational costs.
Source: IBEF
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