India’s 2035 Climate Target: A Business Opportunity for Growth and Global Leadership

The document argues that India's next NDC for 2035 should reflect technological progress and corporate ambition to attract investment and ensure energy security. It proposes three pillars for action: raising NDC ambition with clear sectoral targets, implementing consistent policies across power, industry, transport, and nature, and strengthening government-business engagement. The briefing highlights that 99% of Indian executives support a transition to renewable energy and suggests specific policy levers, such as Zero Emission Vehicle (ZEV) targets and the National Carbon Market, to accelerate decarbonization.

• India has made significant progress toward its 2030 NDC targets, reducing GDP emission intensity by 36% between 2005 and 2020 and reaching 47% non-fossil-fuel-based power capacity as of December 2024.
• There is overwhelming support among Indian business leaders for the energy transition, with 99% of executives supporting a shift from fossil fuels to renewable energy electricity generation, and 84% wanting this transition within the next decade.
• To sustain momentum in the power sector, the document recommends removing regulatory uncertainty regarding Green Energy Open Access (GEOA) rules, incentivizing behind-the-meter battery energy storage (BESS), and fast-tracking grid integration through smart grids and pumped hydro.
• Industrial decarbonization can be accelerated through the National Carbon Market (launching in 2026), sector-specific emission reduction roadmaps for heavy industries like aluminium and cement, and the implementation of Hydrogen Purchase Obligations.
• In the transport sector, the briefing suggests introducing Zero Emission Vehicle (ZEV) sales targets—specifically a 30% target by 2030 for two- and three-wheelers—and creating a national e-truck charging master plan.
• India's land sector has created a carbon sink of 2.3 billion tonnes of CO2 equivalent since 2005, but private investment in nature-based solutions remains low, with only 3% of Corporate Social Responsibility (CSR) funds supporting biodiversity.
• The document emphasizes the need for institutionalized government-business collaboration, citing the 'Greening the Steel Sector in India' roadmap and the India-Sweden Industry Transition Partnership (ITP) as successful models of co-creation.

APA

We Mean Business Coalition (2025). India’s 2035 Climate Target: A Business Opportunity for Growth and Global Leadership. https://www.wemeanbusinesscoalition.org/wp-content/uploads/2025/06/India-NDC-briefing_Final.pdf

Chicago

We Mean Business Coalition. India’s 2035 Climate Target: A Business Opportunity for Growth and Global Leadership. 2025. https://www.wemeanbusinesscoalition.org/wp-content/uploads/2025/06/India-NDC-briefing_Final.pdf.

Wikipedia

{{cite report |author=We Mean Business Coalition |title=India’s 2035 Climate Target: A Business Opportunity for Growth and Global Leadership |date=June 2025 |url=https://www.wemeanbusinesscoalition.org/wp-content/uploads/2025/06/India-NDC-briefing_Final.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{wemeanbusinesscoalition2025indias, author = {{We Mean Business Coalition}}, title = {{India’s 2035 Climate Target: A Business Opportunity for Growth and Global Leadership}}, institution = {We Mean Business Coalition}, year = {2025}, month = jun, url = {https://www.wemeanbusinesscoalition.org/wp-content/uploads/2025/06/India-NDC-briefing_Final.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }