Last week, the Reserve Bank of India (RBI), the country's central bank, released a report pointing out that India will spend an estimated $1.05 trillion ( 959 billion) by 2030 on adapting its various industries to be compliant with climate change norms.In order to speed up and drive green finance in the country and meet climate goals, the government needs to put in place a broad-based carbon pricing system in line with emerging global best practices and introduce a carbon tax, the report said.
#possibility #climate-change #uncertainty #initiatives #instruments #implications #carbon-emissions #renewable-energy #greenhouse-gas-emissions #coming-years
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