India's Green Investment Surge

India is on the brink of a significant transformation in green investments, with expectations of a five-fold increase to Rs 31 lakh crore by 2030, according to CRISIL. This monumental growth is part of a broader strategy to meet India's net-zero goals under the Paris Agreement, requiring an estimated USD 10-trillion investment through 2070.

Key Areas of Investment

CRISIL highlights that a significant portion of these investments, Rs 19 lakh crore, will be directed towards renewable energy and storage. The transport and automotive sectors are set to receive Rs 4.1 lakh crore, while the oil & gas sector will see investments of Rs 3.3 lakh crore. For emerging technologies like green hydrogen and CCUS, government grants and incentives are crucial for enhancing project viability.

Challenges and Opportunities

Despite the promising outlook, the journey towards achieving these ambitious goals is not without its challenges. High-risk projects require substantial support to become viable. However, with the right policy interventions and a focus on critical minerals and the EV ecosystem, India is poised to make significant strides in its green investment journey.