Financing India’s Renewable Energy Transition
India is among the top 10 countries most severely affected by climate change, with over 80% of its population residing in regions vulnerable to climate-related disasters, according to the World Bank (2023).
The country faces extreme heatwaves, unpredictable rainfall patterns, frequent droughts, declining groundwater levels, and escalating food prices. However, India is not the primary driver of global climate change, as developed nations have been the largest contributors to greenhouse gas (GHG) emissions during their industrialisation and economic growth.
Developed nations have been the largest contributors to greenhouse gas (GHG) emissions during their industrialisation and economic growth, placing a disproportionate responsibility for the crisis on them.
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Author's summary: India faces climate change challenges despite not being the primary driver.