Policies and enabling environment to drive private investments for industrial decarbonization in India

Industrial emission accounts for about one-third of all global anthropogenic CO2 emissions and are expected to grow rapidly, with major contribution from developing economies. In India, the industrial sector is the largest and fastest-growing energy end-use sector and is expected to be the single largest source of CO2 emissions by 2040. Decarbonization of industries is one of the most critical issues that needs to be addressed to achieve global climate ambition and India’s target of net-zero emissions (NZE) by 2070.