CEEW-GFC and Tata Sons Report: India Requires $500 Billion Investment by 2030 for Decarbonization

Key facts

• India requires $500 billion in climate investment by 2030 across 20 low-carbon technologies in three key sectors, including power and renewables, green hydrogen, and electric mobility.
• The power and renewables sector requires $198 billion, green hydrogen needs $115 billion, and electric mobility requires the remainder of the $500 billion investment.
• The report suggests that $1.5 billion in catalytic capital is required for the power and renewables sector through 2030.
• The report found that $10 billion in catalytic capital could mobilize $50 billion in blended finance, meaning every dollar of catalytic capital mobilizes five dollars in blended finance.
• Between 2010 and 2022, India recorded $5.6 billion in blended finance transactions, which constituted 3.4 per cent of the global market.
• The report proposed establishing a National Green Finance Institution to aggregate catalytic capital from governments, philanthropies, and development partners.