Climate Finance Leadership Initiative India announces finance solutions to mobilise over $6.5 bn
Notable because
India aims to reach net-zero emissions by 2070. To realise this goal at pace, the transition of the three highest carbon-emitting sectors, power, industry, and mobility, is necessary. These three sub-transitions will require investment support of USD 1.4 trillion to mobilise USD 3.5 trillion. In this regard, the proposed climate finance solutions, for areas spanning e-mobility, renewable energy, and green hydrogen, could help narrow the financing gap.
What to look out for in the months ahead
What will be the total investment corpus provided by the members of the Climate Finance Leadership Initiative (CFLI) to mobilise climate finance?
So far, CFLI members have announced climate finance solutions for EVs and municipal infrastructure.
Which sector(s) will attract the most amount of investment from the members?