Achieving 2070 Net-Zero Target Could Boost India’s GDP

Achieving 2070 Net-Zero Target Could Boost India’s GDP

• Achieving net zero emissions by 2070 could boost India’s economy by as much as 4.7 per cent above the projected baseline growth in GDP terms by 2036 worth a total of $371 billion, illustrates modelling and research commissioned by the High-level Policy Commission on Getting Asia to Net Zero.  it could boost GDP by 7.3 per cent ($470 billion) and create almost 20 million additional jobs by 2032.
• The commission has four members — former Australian prime minister Kevin Rudd, former United Nations secretary general Ban Ki-Moon, former vice chairman of NitiAayogArvindPanagariya, and global head and director of Climate Business, International Finance Corporation, VivekPathak. The commission launched the “Getting India to Net Zero” report on Friday, which said India achieving net zero by 2070 would boost annual GDP by up to 4.7 per cent by 2036.

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Published date : 27 Aug 2022 06:02PM