India aims for net-zero by 2070 while becoming a “Viksit Bharat” by 2047 — requiring unprecedented long-term investment
Net-zero requires $22.7 trillion by 2070 (~$500 billion annually)
Current annual investment: ~$135 billion — leaving a $6.5 trillion gap
High cost of capital, limited concessional finance, weak project pipelines, and uneven sectoral readiness slow the transition
Climate finance is concentrated in solar and wind
Adaptation, storage, green hydrogen, MSMEs, and hard-to-abate sectors remain underfunded
83% of mitigation finance and 98% of adaptation finance come from domestic sources — highlighting limited global climate support
Proposals include a National Green Finance Institution, blended finance expansion, unified taxonomies, and deeper green-bond markets