India needs annual investments of $20 billion to meet climate goals: report

According to a report, India needs $20 billion (about SR 1.53 crore) in investment every year to meet its climate targets and fund its green transition.

Ficci and Trilegal’s white paper highlights that the country needs a significant budget allocation, international funding from bilateral and multilateral sources, and green private investment.

The report also highlights reforms in the power sector to encourage environmental, social and governance-focused investments in India’s climate transition.

Focusing on redefining corporate citizenship – the path to sustainability, the report details how companies can contribute to the sustainability agenda, non-financial metrics and environmental, social and governance (ESG) risk management .

As regulators actively integrate ESG and sustainability factors into the legal framework, the ways companies operate will change, he added.

“India needs $20 billion in investments every year to meet its climate goals and fund its green transition. It needs a large budget allocation, international funding from bilateral and multilateral sources, and investments private greens,” the report said.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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