RENEWABLE ENERGY

India Needs USD 2.64 Trillion Investment to Meet Sustainable Development Goals by 2030: Report

India needs a whopping USD 2.64 trillion investment to meet the UN’s sustainable development goals (SDGs), offering the private sector an investment opportunity of over USD 1.12 trillion by 2030, according to a report.

According to the Standard Chartered SDG Investment Map, the total investment that the country needs to make by 2030 is a whopping USD 2,633.9 billion. Of the total, USD 1,558.8 billion is for clean energy, USD 505.5 billion for transport infrastructure, USD 377.4 billion for digital access; and USD 192.2 billion for clean water and sanitation.

Of the total USD 2.64 trillion of investment needed, the potential investment opportunity for the private sector is a whopping USD 1.12 trillion with USD 701.5 billion going into clean energy, USD 226.5 billion for digital access, USD 176.9 billion in transport infrastructure, and USD 19.2 billion for clean water and sanitation, said the report.

For the emerging markets as a whole, the opportunity for the private sector is around USD 10 trillion, said the report adding that “India represents USD 1.124 trillion of SDG opportunity, or more than 10 per cent of the USD 9.668 trillion opportunity for private sector investors across all emerging markets to help achieve the UN goals.”

At USD 701.5 billion, the greatest private sector opportunity in the country is investment in achieving and maintaining universal access to electricity, which is the seventh SDG.

Source
News18
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