India emerges as $24 billion opportunity in global climate adaptation and resilience market

AMID a projected global surge in demand for climate adaptation and resilience solutions -- estimated to reach between $0.5 and $1.3 trillion by 2030 -- India has emerged as a standout market, offering a $24 billion investment opportunity, a new report said on Wednesday.

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As climate risks continue to intensify worldwide, the new report by Boston Consulting Group (BCG) and Temasek highlighted the urgent need for large-scale solutions to build resilience across sectors.

However, despite this growing demand, current global spending on adaptation and resilience solutions remained limited -- hovering around $76 billion annually -- with most of the funding coming from public sources.

This leaves a significant gap that private investment, particularly from private equity firms, has the potential to fill. The report outlined a variety of fast-growing subsectors ripe for private investment, including flood defence systems, wildfire protection, climate intelligence tools, water efficiency technologies, and more.