IFC sees $3.1-trillion business opportunity in green ventures

The IFC study examined climate-investment opportunities in the six countries, which together generate 7.4 per cent of global carbon dioxide emissions

India’s ambitious plans to meet its climate targets under the Paris Agreement on climate change offer a $3.1 trillion investment opportunity by 2030 in renewable energy, green buildings, transport infrastructure, electric vehicles and climate-smart agriculture, a new report by the International Finance Corporation has said.
 
While green buildings represent the largest chunk, $1.4 trillion, Alzbeta Klein, IFC director and global head, climate business, said it was not only the government’s renewables policy but the sector’s competitiveness that was driving deployment both at the utility scale and on rooftops.
 
Bangladesh, India, Bhutan, Maldives, Nepal and Sri Lanka together have