India May See 20Bn $ FDI In Climate-Tech

Sakshi Education

India may see up to $20 billion worth of investments in climatetech sector by 2030, said Enzia Ventures, a new-age, mid-market venture capital firm focused on healthcare, education and environment. Co-founder and partner Namita Dalmia said Indian entrepreneurs, over the next decade, would lead the way and build new products for the global market.
India needs USD 20 billion (about RS 1.53 lakh crore) worth of investments each year to achieve its climate targets and fund its green transition, according to a report.
As the third largest global emitter of greenhouse gases, it is estimated that climate change will potentially push over 132 million people globally toward extreme poverty by 2030. Ranking 7th on the Global Climate Risk 2021, climate change will lead to at least 40 per cent of India’s population living with water scarcity by 2050, while 35 million people could face annual coastal flooding. With melting ice caps, a decrease in agricultural productivity and erratic climatic patterns, it is eminent that disruptive innovations and technology are required to respond rapidly and creatively across different sectors.
India ranks at the ninth spot globally for climate tech investment, with the country’s climate tech firms receiving $ 1 Bn in venture capital funding between 2016 and 2021