Wednesday
November 6
2024

Report: India Requires $6.5 Billion to Achieve Apparel Sector’s 2030 Emission Reduction Target Through Renewables and Energy Efficiency

A new report by Apparel Impact Institute and Development Finance International Inc. says India needs $6.5 billion in financing to reduce its textile and apparel industry’s emissions by 45% by 2030 through renewable energy and energy efficiency interventions. While around $2.5 billion is available, there is still a $4 billion financing gap in India.

Photo courtesy of Steve Taylor.

Source: PV Magazine (link opens in a new window)

Categories
Energy, Environment
Tags
climate change, climate finance, decarbonization, renewable energy