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2024 | OriginalPaper | Chapter

Fueling India’s Net-Zero Transition

Author : Kruti Upadhyay

Published in: Sustainable Built Environment

Publisher: Springer Nature Singapore

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Abstract

India has expressed its willingness to become a Net-Zero economy by 2070 and to reduce emissions by 45% from the 2005 level by 2030. As per Council on Energy, Environment and Water estimates (a leading think-tank in India specializing in energy and environmental issues), to reach net zero by 2070, India needs investments worth USD 10 trillion. The objective of this research is to analyze if financing mechanisms proposed by the Government of India (GoI) are in line with international practices and to suggest solutions for leveraging existing institutional structures. The methodology adopted for the analysis is case analysis of innovative financial tools adopted by different countries or regions to deal with the impacts of the NZT and facilities from these regions like DBSA Climate Finance Facility (South Africa), SDG Indonesia One Green Finance Facility (Indonesia), and ASEAN Catalytic Green Finance Facility (ASEAN countries) have been compared and contrasted with the existing Indian institutional structures like National Investment and Infrastructure Fund (NIIF) to understand the best practices and how they can be adopted by India to accelerate its NZT. The research outputs can provide valuable pointers to the policymakers to structure the financing mechanisms and develop appropriate instruments.

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Footnotes
1
Platform is a company that can be partially or fully owned by the fund that can acquire a collection of operational infrastructure projects in a specific sector.
 
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Metadata
Title
Fueling India’s Net-Zero Transition
Author
Kruti Upadhyay
Copyright Year
2024
Publisher
Springer Nature Singapore
DOI
https://doi.org/10.1007/978-981-99-8842-6_14