India is set to witness a five-fold growth in green infrastructure and energy investments, reaching Rs. 31 trillion (US$ 358.46 billion) by 2030, according to CRISIL. These investments will primarily target renewable energy Rs. 18.8 trillion (US$ 217.39 billion), oil and gas Rs. 3.3 trillion (US$ 38.16 billion), and transportation Rs. 4.1 trillion (US$ 47.41 billion) as part of the nation’s push toward net-zero emissions. Achieving India’s Paris Agreement commitments—such as reducing Gross Domestic Product (GDP) carbon intensity by 45% by 2030 and increasing non-fossil fuel power capacity to 50%—will require an estimated Rs. 8,64,80,000 crore (US$ 10 trillion) by 2070. Key sectors like road transport and Indian Railways are pivotal in decarbonization efforts, leveraging green financing, innovative technologies, and supportive policies to transition towards sustainable operations.
High-risk green initiatives, including hydrogen production, carbon capture, usage and storage (CCUS), and energy storage, will depend on government incentives, grants, and private investments for viability. CRISIL emphasizes creating green financing pools, leveraging carbon credits, and enhancing transparency through centralized oversight. It also highlights the need for public-private partnerships, blended financing, and global climate funds to scale emerging technologies. The Indian Railways increased solar and wind energy production underscores the importance of supportive policies in accelerating decarbonization and reducing operational costs while achieving environmental conservation goals.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.