https://www.taxtmi.com/news?id=53201 India requires about USD 467 billion by 2030 to decarbonise power, steel, cement and transport, averaging roughly 1.3% of GDP per year to 2030. Steel and cement constitute over 80% of the need due to being hard to abate and dependent on carbon capture and storage; power needs are lower because renewable capital costs have fallen. Closing the financing gap will require both domestic mobilisation and external finance, prudent fiscal expansion to absorb external flows, and policy measures such as targeted subsidies, R&D support, technology transfer, an EV adoption framework, and enhanced grid storage capacity. en-us Thu, 21 Aug 2025 18:01:04 +0530 Thu, 21 Aug 2025 18:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=53201 India requires about USD 467 billion by 2030 to decarbonise power, steel, cement and transport, averaging roughly 1.3% of GDP per year to 2030. Steel and cement constitute over 80% of the need due to being hard to abate and dependent on carbon capture and storage; power needs are lower because renewable capital costs have fallen. Closing the financing gap will require both domestic mobilisation and external finance, prudent fiscal expansion to absorb external flows, and policy measures such as targeted subsidies, R&D support, technology transfer, an EV adoption framework, and enhanced grid storage capacity. News - Thu, 21 Aug 2025 18:01:04 +0530 https://www.taxtmi.com/news?id=53201