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India Puts $10 Trillion Price on 2070 Net-Zero, Says $300 Billion Climate Goal Falls Short

The minister cast climate finance as development finance to mobilise private capital through high-integrity carbon markets.

Overview

  • India is advancing blended finance to de-risk private investment across renewables, energy efficiency, electric mobility, waste-to-wealth projects and nature-based solutions.
  • Bhupender Yadav backed Article 6 mechanisms, arguing that rigorously accounted carbon transactions aligned with national targets can deliver results-based payments and spur innovation.
  • A Reserve Bank of India analysis from 2023 estimates industries will need about ₹85.6 trillion (roughly $1.05 trillion) by 2030 to meet climate norms.
  • Sovereign green bonds have drawn strong international demand as the RBI and SEBI tighten disclosure and accountability standards for green financial instruments.
  • The Green Credit Programme, launched in 2023 and revised on August 29, 2025, is directing private capital to ecological restoration through a formal market for green credits.