National Green Financing Institution will support India in achieving a net-zero target by 2070
- Government is working to set up a National Green Financing Institution.
- National Green Financing Institution will support India in achieving a net-zero target by 2070.
- A dedicated National Green Financing Institution will help bridge the gap between target and achievement.
- NITI Aayog is examining structuring mechanisms for operationalizing a potential National Green Financing Institution.
- India aims to reduce its GDP emission intensity by 45 per cent by 2030 compared to 2005 levels.
- India also aimed to achieve 50 per cent of its installed electric power capacity from non-fossil fuel sources by 2030.
- India has also made a commitment to create an additional carbon sink of 2.5 to 3 billion tonnes through additional forest and tree cover by 2030.
