Current Affairs - Environment - Discussion

India has pledged to achieve net-zero emissions by 2070 as part of its commitment under the Panchamrit strategy at COP26. This ambitious goal requires significant investments, with an estimated need of over USD 10 trillion. The government is working on setting up a National Green Financing Institution to aggregate green finance and lower the cost of capital to support this target. Achieving net zero by 2070 is crucial for mitigating the economic and environmental risks posed by climate change.