The Energy Transition Dialogues Communique

India aims to reduce GDP emissions intensity by 45% by 2030 and reach net zero by 2070, requiring an estimated US$2.5 trillion in investment by 2030 and US$10.1 trillion for the full transition. Despite a global high of US$1.3 trillion in clean energy commitments in 2022, the document argues that current investment trajectories are insufficient to meet Paris Agreement targets or India's specific needs.

• India has set specific targets for 2030, including reducing the emissions intensity of its GDP by 45% from 2005 levels and achieving approximately 50% cumulative installed electric power capacity from non-traditional fuel-based energy resources, with a long-term goal of a net zero economy by 2070.
• There is a significant financing gap for India's energy transition: achieving 2030 objectives requires an estimated US$2.5 trillion between 2015 and 2030 (roughly US$200 billion annually), while the total investment needed for the 2070 net-zero target is US$10.1 trillion.
• While global financial commitments for clean energy reached a record US$1.3 trillion in 2022, this level of investment remains insufficient to meet the global climate and energy transition targets established under the Paris Agreement.

APA

Climate Policy Initiative (2023). The Energy Transition Dialogues Communique. https://www.climatepolicyinitiative.org/publication/the-energy-transition-dialogues-communique/

Chicago

Climate Policy Initiative. The Energy Transition Dialogues Communique. 2023. https://www.climatepolicyinitiative.org/publication/the-energy-transition-dialogues-communique/.

Wikipedia

{{cite press release |author=Climate Policy Initiative |title=The Energy Transition Dialogues Communique |date=21 November 2023 |url=https://www.climatepolicyinitiative.org/publication/the-energy-transition-dialogues-communique/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{climatepolicyinitiative2023energy, author = {{Climate Policy Initiative}}, title = {{The Energy Transition Dialogues Communique}}, publisher = {Climate Policy Initiative}, year = {2023}, month = nov, url = {https://www.climatepolicyinitiative.org/publication/the-energy-transition-dialogues-communique/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }