India can hit net zero by 2070 which will cost $10tn

Greta Thunberg, the 18-year-old Swedish superstar climate activist, has come out blazing with her views on the final agreement cobbled together by leading world leaders at this month’s United Nations Climate Change Conference in Glasgow, Scotland.

According to the latest report of the Environment, Energy, and Water Council and the Energy Finance Centre, India will need more than $10 trillion in capital spending to be on track for net zero by 2070.

At the opening of COP26, Prime Minister Narendra Modi promised that India – the third-largest fossil-fuel emitter in the world- would achieve net-zero emissions by 2070.

Sources said the industrialized countries pushed for more action to confine the climate crisis without commitments in terms of climate finance.

They and other members of generation Z – those born from the mid – 1990s to early 2010s – stand to lose the most if the planet is not saved from man-made contaminant.

For this reason, the prime minister argued for a world-beating $1.3 trillion in climate finance a year, rather than $100 billion.

Each illuminates a facet of the climate crisis and the unrelenting inactivity of older generations that drives youth.

The electricity sector alone will require investment that amounts to more than $8.4 trillion, and the creation of green hydrogen capacity will require $1.5 trillion.

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