India can lose $35 trillion over next 50 years due to climate change: Deloitte

India must act now to prevent it from losing $35 trillion in economic potential over the next 50 years due to unmitigated climate change, according to a latest report from the Deloitte Economics Institute.

It added that India can gain $11 trillion in economic value over the same period by limiting rising global temperatures and realising its potential to ‘export decarbonisation’ to the world.

“We have a narrow window of time — the next 10 years — to make the decisions needed to alter the trajectory of climate change. No one is immune to the impact of climate change, but for India this is a window of opportunity to lead the way,” said Atul Dhawan, chairperson, Deloitte India.

ET Energy World
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