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India to offer green investment potential of $3 trillion

1 Dec 2017
green investment

India, which has pledged to significantly reduce the emissions intensity of its GDP, offers a climate-smart green investment potential of $3 trillion between 2018 and 2030, according to a report released by International Finance Corporation (IFC).

India’s efforts to fulfil its commitment to low carbon growth would require large green investments in diverse fields such as agriculture, energy, infrastructure and transport, according to an analysis by the multilateral agency.

The world’s third largest economy has said that by 2030 it will reduce its carbon emissions intensity by 35 per cent from 2005 levels, as part of the ambitious Paris agreement targets. IFC has estimated that the housing sector offers an investment potential of $1.4 trillion, of which $1.25 trillion would come from the residential sector and $228 billion from commercial buildings.

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