CBAM should consider where country is going, not just where it is: Stern

For emerging markets and developing economies outside China, the total flow of climate-related investment should be $2.4 trillion, said Stern

Economist Nicholas Stern, IG Patel professor of economics and government, London School of Economics, and chairman of the Grantham Research Institute on Climate Change and Environment spoke to Ruchika Chitravanshi in New Delhi on climate finance and India’s efforts towards becoming net zero, among other things. Edited excerpts:

What do you think of India’s efforts towards becoming net zero by 2070?

India has really accelerated its actions on climate in the last few years. One landmark in that acceleration was Prime Minister Narendra Modi’s speech in Glasgow two years ago, when he set very strong targets for 2030 for energy