India s position in the race to achieve net-zero emissions may not be comparable to economies like the US, EU, China, and Japan, but it is making progress in incorporating renewable energy sources and meeting its climate targets. The country is also expected to see significant growth in the electric vehicle industry, creating millions of jobs. India has been a top recipient of international public financial flows for renewable energy projects. As India aims to become part of the global net-zero supply chain, it has the potential to benefit from the transition in the near future.
India s Net-Zero Mission: According to the report, the first point is that "India is among few countries which are on track to meet its Nationally Determined Contributions target, however, it will need to invest USD 12.7 trillion to reach net zero emission by 2050."
India’s starting position in the race to reach net zero is not comparable to the fiscal space of the four leading economies of the world, including the
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A new report by Strategic Perspectives on Tuesday described the potential socio-economic effects of achieving the European Union's climate target for 2030.The potential benefits can turn into reality if governments implement the laws to .