The ‘Getting India to Net Zero’ report was released by former Australian prime minister Kevin Rudd and others in New Delhi on August 26. As per the report, India will require an economy-wide investment of $10.1 trillion from now if it is to achieve its net-zero emissions target by 2070.
Key highlights
- The investment required will be $13.5 trillion if the target is to be met by 2050. The report also says achieving net-zero by 2070 would boost annual GDP by up to 4.7% ($371 billion) by 2036 and create as many as 15 million new jobs by 2047.
- The report said India could peak in emissions as soon as 2030.
- Reaching net zero by 2050 would lead to greater benefits, increasing India’s GDP by up to 7.3% ($470 billion) and creating 20 million new jobs by 2032. The independent commission is about getting India, China, Indonesia to Net Zero.
- The report was released by Rudd, also the president of Asia Society Policy Institute,, former UN Secretary-General and Global Green Growth Institute President & Chair Ban Ki-moon, International Finance Corporation’s Head and Director of Climate Business, Vivek Pathak and former Indian foreign secretary Shyam Saran.
