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India To Invest USD 316 Billion For De-Carbonisation By 2030

EV Ultimo Team

23-11-2023

India To Invest USD 316 Billion For De-Carbonisation By 2030

India will spend USD 316 billion (about Rs 23 lakh crore) in the decade to 2030 towards de-carbonisation, with a high proportion of the investment to be allocated to renewable sources of energy. The investment will be in addition to the estimated Rs 6 lakh crore or USD 84 billion already spent since the country joined the Paris climate accord in 2015, Bofa Securities said. According to its estimates, the de-carbonisation efforts will help India save over 106 GW of energy between 2015-2030, and cut carbon emissions by 1.1 billion tonnes by 2030. Electric vehicles to play a critical role.


SOURCE: ECONOMIC TIMES


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