Asset financing structures for energy efficiency, alternative heating and cooling solutions, and decarbonised industrial processes can go a long way towards helping scale climate adoption, Climake founders Shravan Shankar and Simmi Sareen write
The year 2021 proved to be a pivotal one for advancing action against climate change in India. For the first time ever, the country announced a net-zero target—the commitment to get to zero carbon emissions by 2070—at the Glasgow COP 26 conference.
Over the last year, private investment in climate innovation has grown rapidly, with equity investors deploying $7.15 billion in capital. If debt and green bonds are included, total climate investment in India is estimated to be as high as $20 billion. Renewable energy (solar and wind power) attracted 60 percent of equity investment; emerging sectors such as electric mobility and agritech supply chain also generated considerable interest.
(This story appears in the 03 June, 2022 issue of Forbes India. To visit our Archives, click here.)