Increasing costs: The impact of climate change on output will be large

Over 90 per cent of solar projects in the country achieved investment-grade ratings by 2020, a significant improvement from 2012, when all solar projects were rated "non-investment grade"

There is a need to comprehend the macroeconomic ramifications of climate change fully. A report published by the Asian Development Bank (ADB) attempts to estimate the impact of climate change on the gross domestic product (GDP) of countries in the Asia-Pacific region under a high-end greenhouse gas emission scenario. It concludes that India could experience a 24.7 per cent loss in its GDP by 2070, thereby remaining one of the worst-affected countries in the region. The negative economic impact is expected to occur via channels like coastal inundation, lower labour productivity, and lower natural resource productivity, with relative impact concentrated