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India Needs $12.4 Trillion for Net-Zero Transition, Report Says

  • Funds from developed nations needed for fair transition
  • Emerging markets to need a total $94.8 trillion till 2060

India will need investments worth $12.4 trillion, nearly half of U.S. GDP, from developed nations and investors to help its economy transition to net-zero carbon emissions by 2060, according to a report.

Without capital inflows and grants from the developed world, emerging economies including India’s will see household consumption fall by 5% on average each year, according to a study by Standard Chartered Plc.