India Draft Plan Reveals $21 Trillion Net-Zero Investment Need (financialpost.com)
(Monday October 20, 2025 @11:22AM (msmash)
from the closer-look dept.)
- Reference: 0179835984
- News link: https://news.slashdot.org/story/25/10/20/1447219/india-draft-plan-reveals-21-trillion-net-zero-investment-need
- Source link: https://financialpost.com/pmn/business-pmn/india-draft-plan-reveals-21-trillion-net-zero-investment-need
India will need as much as [1]$21 trillion to achieve its climate goals and lift its population out of poverty, according to a draft government plan seen by Bloomberg. From the report:
> The estimate offers a first glimpse of how the country intends to live up to its target of net zero emissions by 2070. The updated scenario implies hitting peak emissions in 2045, which is a decade earlier than the current trajectory.
>
> India is already being severely battered by the fallout of climate change, as deadly floods and heat waves become more destructive each year. But the need to mitigate the emissions that feed climate change has historically been at odds with India's priorities of economic growth and energy security, with the latter still mostly provided through coal. The new plan shows India will seek to achieve climate and economic development goals simultaneously, with low-carbon options envisaged for much of its yet-to-be-built residential and industrial infrastructure.
[1] https://financialpost.com/pmn/business-pmn/india-draft-plan-reveals-21-trillion-net-zero-investment-need
> The estimate offers a first glimpse of how the country intends to live up to its target of net zero emissions by 2070. The updated scenario implies hitting peak emissions in 2045, which is a decade earlier than the current trajectory.
>
> India is already being severely battered by the fallout of climate change, as deadly floods and heat waves become more destructive each year. But the need to mitigate the emissions that feed climate change has historically been at odds with India's priorities of economic growth and energy security, with the latter still mostly provided through coal. The new plan shows India will seek to achieve climate and economic development goals simultaneously, with low-carbon options envisaged for much of its yet-to-be-built residential and industrial infrastructure.
[1] https://financialpost.com/pmn/business-pmn/india-draft-plan-reveals-21-trillion-net-zero-investment-need
Cost of Net-Zero vs Cost of fossils and disasters (Score:2)
Often these types of analysis focus on only the costs of investing in renewables and ignore the financial benefits of the investment.
There are solid benefits to eliminating fossil fuels (cost of the fuel, climate disasters, pollution damaging health, etc.).
In addition, providing access to lowest cost renewable non-polluting energy has benefits to everyone by improving the quality of life.
Their plan also includes unproven high cost nuclear which should be a non-starter.
They should instead rely on proven low