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India Requires $2.5 Trillion for Climate Finance
Financial Express Lucknow
|May 08, 2025
Draft taxonomy framework skips tax measures
INDIA MAY REQUIRE financing to the tune of $2.5 trillion by 2030 for climate transition, given its pledge to achieve net-zero emission by 2070, the government said on Wednesday.
"India's climate finance taxonomy will facilitate greater resource flow to climate-friendly technologies and activities, enabling India to achieve the vision of being Net Zero by 2070, while ensuring long-term access to reliable and affordable energy," the department of economic affairs said in a draft paper on "India's Climate Finance Taxonomy."
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