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India will need as much as $21 trillion to achieve its climate goals and lift its population out of poverty, according to a draft government plan seen by bloomberg. A new report from the institute for energy economics and financial analysis (ieefa) reveals that india will need up to $12.1 trillion in investments by 2050 to reach its emissions target.

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This isn’t simply about renewable energy deployment India will require over $10 trillion in investments by 2070 to achieve its net zero ambitions, and building confidence in green investments will be critical, union minister for environment, forest and climate change bhupender yadav said on thursday. It encompasses a systemic overhaul of infrastructure, industry, and agriculture.