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Title: India to attract large investments due to COP26 commitments: ICRA
Source:The Economic Times
Date:5 January 2022

The commitments on emission control made by India at the recent Glasgow COP26 summit are expected to benefit the country in the long-term with new technologies in energy efficiency, carbon reduction and green fuels, rating agency ICRA said adding this is likely to attract investment in billions across sectors. ICRA, in its recent research report, has analysed India’s commitment in two phases – up to 2030, and the net-zero target for 2070. Being a developing country, which is at an inflection point in terms of its energy consumption, the nation’s per capita energy consumption is expected to surge 3x-4x over the long term. Parallel to this, India has also committed to reducing greenhouse gas (GHG) emissions by 1 bn MT by 2030.




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