India increases climate spending to 5.6% of GDP
after close1 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 investment reflects a commitment to achieving its nationally determined contributions (NDCs) and transitioning to a low-carbon economy.
The spending encompasses various sectors, including renewable energy, clean transport, and sustainable urban infrastructure, highlighting India's proactive approach to climate change without relying on external financing. 🌱
Not investment advice. For informational purposes only.