India increases climate spending to 5.6% of GDP
pre-market1 source ↓written by the desknot a recommendation
- climate action
- 5.6% of GDP
- six years ago
- 3.7%
Finance Minister Nirmala Sitharaman announced that India has raised its public spending on climate action to 5.6% of GDP, up from 3.7% six years ago. This increase highlights India's commitment to its nationally determined contributions (NDCs) and the transition to a low-carbon economy. The spending spans various sectors, including renewable energy and sustainable urban infrastructure.
Not investment advice. For informational purposes only.