India Needs to Invest US$ 12.1 Trillion by 2050 for Decarbonization
2023-02-19
Climate change is a major concern. Despite emitting only 1.8 tons of CO2e per capita, India is the world’s third largest emitter, accounting for 2.9 gigatons of CO2 equivalent (GtCO2e) or 4.9% of the annual global emissions. Nonetheless, India must take immediate action to lay the groundwork for a low-carbon economy. According to McKinsey & Company, decarbonizing India in an accelerated scenario will require an estimated US$ 12.1 trillion.
