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India's Power Sector Needs $700 Billion for Net-Zero
Hindustan Times Pune
|February 20, 2025
Moody's Pegged Sector's Annual Investment Requirement at ₹4.5-₹6.4 Lakh Cr Until FY35
NEW DELHI: India's power sector, the biggest carbon emitter, will need a massive $700 billion investment over the next 10 years to help the country achieve its 2070 net-zero pledge, Moody's Ratings said on Wednesday.
Stating that the power sector accounts for around 37% of carbon emissions in the country, the rating agency said the investments required by the power sector during fiscal 2026-51 would be of the order of 1.5% to 2% of GDP (around 2% for the next 10 years), which is manageable for India.
The sector, which currently is highly dependent on coal-fired generation, has to make significant decarbonization investments for the country to meet its emission cut goals.
This story is from the February 20, 2025 edition of Hindustan Times Pune.
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