No Global Net Zero Without India, Says Economist Nicki Hutley

As the 31st UN Climate Change Conference unfolds in Antalya, the focus shifts to financing India's energy transition. Economist Nicki Hutley emphasizes that India's climate targets are crucial for global net zero goals. She argues that the developed world should view India's climate needs as an opportunity rather than a burden. Hutley highlights that India's growth, driven by Prime Minister Modi's government, requires significant energy. She asserts that growth and clean energy can coexist, a challenge now faced by both developing and developed nations due to rising energy demands. The key issue remains financing this transition. Hutley stresses that securing adequate funding is essential for India to meet its climate goals, as outlined in a recent NITI Aayog study estimating substantial financial requirements.