Report Says India Requires Around $20 Billion Annual Investments to Meet Climate Goals
According to a recent report, India needs around $20 billion, which is equivalent to 1.53 lakh crore Indian money, to achieve the climate-related goals of the country.
Ficci and Trilegal's white paper emphasises the importance of a significant budget allocation, foreign funding from bilateral and multilateral sources, and green private investments for the country.
The research highlights power sector changes to boost environmental, social, and governance-led investment in India's climate transition.
The report details how corporations can contribute to the sustainability agenda, non-financial indicators, and risk management of environmental, social, and governance (ESG) concerns, focusing on redefining corporate citizenship as the route to sustainability.
"India needs USD 20 billion worth of investments each year to achieve its climate targets and fund its green transition. It needs a large budget allocation, international finance from bilateral and multilateral sources and green private investments," the report stated.