28 AUG,2023 | MEDC
India’s ambitious goal of a net-zero economy by 2050 presents an unprecedented investment opportunity estimated at $12.7 trillion according to the New Energy Outlook: India Report released by Bloomberg. The report highlights both the challenges and the opportunities that lie ahead. At a global level, phasing out fossil fuels is easier said than done. Global subsidies for fossil fuels saw a $2 trillion rise over the past two years to reach a record $7 trillion in 2022, as per the latest IMF estimates. Subsidies for oil, coal, and natural gas are costing the equivalent of 7.1% of global GDP. Investing in the net-zero transition may be a lucrative business opportunity, but the current spending pattern on fossil fuel subsidies has to undergo a paradigm shift.
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Interactive Meeting with Mr. Jaykumar Rawal Hon'ble Minister for Tourism & Employment Guarantee Scheme Govt. of Maharashtra