India will require $900 billion over the next 30 years to move away from coal mines and thermal plants, a New Delhi based think tank said in a report Thursday.
Cost of India quitting coal is $900 billion, think tank says mymotherlode.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mymotherlode.com Daily Mail and Mail on Sunday newspapers.
In the next three to five years, the JETP will provide at least $15.5 billion - half from donor governments and half from commercial banks - to speed up Vietnam's transition away from coal towards clean energy like solar and wind, and create jobs. Murton said this week that the deal represented a "really substantive set of changes" in energy policy that would help Vietnam move on a "much-improved climate trajectory" towards its goal of net-zero emissions by 2050, and encourage investment.