India to need $1.3 trillion green, social funds by 2030, says report
India will need $1.3 trillion in cumulative green, social, sustainability and sustainability debt (GSS) by 2030 as it transitions to decarbonising sectors like cement and steel, a report by Japan's MUFG Bank and London based advocacy group Climate Bonds Initiative said.The report said that by 2030, $756 billion is expected to come from private sources opening up space for both infrastructure-scale and innovative financing models."Decarbonising steel and cement alone will require $650 billion, presenting one of India’s largest opportunities for transition-aligned capital," the report said.Until December 2024, India’s cumulative GSS...
