India Needs to Spend $1.4 Trillion More on Clean Energy Shift
- India to see largest increase in energy demand over 20 years
- The country is facing many evolving energy security challenges
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India will need to spend an additional $1.4 trillion to adopt clean energy technologies and be on a sustainable trajectory over the next 20 years, the International Energy Agency said in a report titled ‘India Energy Outlook 2021’ on Tuesday.
The investment is around 70% higher than that envisaged under the country’s current policy, but would bring huge benefits including savings of the same magnitude on its oil import bill, the report said.