Budget 2022: India's new climate pledges await funding push

Will India continue to spend more on carbon-emitting coal than on renewable energy?

India has set ambitious greenhouse gas emissions reduction targets for 2030 and 2070, which experts say will take trillions of dollars, access to technology and an overhaul of some sectors of the economy to achieve. For this, our analysis shows that Union Budget 2022-23 will have to change past trends in India's budgetary spending and provide a renewed push to current key climate-change abatement schemes.

India is the third-largest carbon emitter in the world although our per capita carbon emissions are low. Achieving carbon neutrality, also known as net-zero greenhouse gas emissions, by 2070--i.e., balancing carbon emissions and carbon