India needs $20bn annual investment to meet climate targets: report

According to one report, India needs investments worth US$20 billion (approx.

The FICCI and Trilegal White Paper highlights that the country needs a large budget allocation, international funding from bilateral and multilateral sources, and green private investment.

The report also highlights energy sector reforms to encourage environmental, social and governmental investment in India’s climate transition.

The report focuses on redefining corporate citizenship – the journey to sustainability, and describes 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 regulatory framework, the way companies operate will change, she added.

“India needs $20 billion worth of investments each 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 green private investment,” the report said.

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