India Needs up to $12.1 Trillion by 2050 to Reach Net Zero Target: Think Tank

India has committed to decreasing its carbon intensity to below 45 percent by 2030 and reaching net zero emissions by 2070.

Workers carry coal at a coal yard near a mine in Sonbhadra, Uttar Pradesh India, on Nov. 23, 2021. Ritesh Shukla/Getty Images

India will need investments amounting to US$7.2 trillion (A$10.7 trillion) to US$12.1 trillion by 2050 to achieve its net zero ambitions, a think tank said.

The South Asian country has committed to decreasing its carbon emissions to below 45 percent by 2030 and reaching net zero emissions by 2070.