The power sector would require over $8.4 trillion, and industrial sector over $1.5 trillion for setting up green hydrogen capacity. However, India is disappointed with the COP26 meeting on the issue of climate financing, as the meeting was pushing for more measures on climate crisis mitigation with few commitments on climate finance.
Also, India would need foreign investment support of $1.4 trillion as concessional finance. The report goes on to say that financial regulators like RBI and SEBI need to create an enabling ecosystem for green financing, and India's total installed solar power capacity would need to increase to 5,630 gigawatts by 2070.
Also Read: India committed to reach net-zero emissions by 2070: PM Modi