India needs $394 billion additional financing to reach net-zero targets
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Delhi
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29 November 2023
Neshwin Rodrigues India Electricity Policy Analyst, Ember
Despite investment risks, India needs financing to build capacity in renewables, storage and transmission to even meet the NEP14 targets. To further step up ambitions to match a global net-zero pathway, securing significantly more financing at competitive rates will be vital to ensure the viability for India to reach the goal. Access to this finance is critical for India to avoid building new coal capacity to meet its growing demand in this decade.