The

Niti Aayog

will soon firm up policy interventions as well as investments needed across key sectors of power, transport, industry and building and construction to help India in

green energy transition

and meet the national net-zero commitment by 2070.

It is assessing India's requirement for technology upgradation and financial investments across these sectors and will soon come up with projections for investments, which will form the basis for the future course of action, said people familiar with the development.

Besides, it will point out the investment gap and the external investment support that the country will need to fulfil its commitment.

India has committed to meet half of its energy requirements via renewables by 2030, achieve a non-fossil fuel energy capacity of 500 GW by 2030, reduce carbon dioxide emissions by 1 billion tonnes by 2030, reduce carbon intensity below 45 per cent by 2030 and achieve net-zero carbon emissions by 2070.

Different industry projections have pegged investments in the range of $10 trillion to $15 trillion.

A NITI Aayog presentation, seen by ET, shows the Council on Energy, Environment and Water (CEEW) projected India's cumulative investment requirement for net zero by 2070 at $10.1 trillion while Standard Chartered pegs it at $12.4 trillion. The World Economic Forum sees it higher at $15 trillion and the Deloitte-Ficci report pegs it at $15.7 trillion.

"The NITI Aayog will develop pathways for meeting national commitments on net zero in a manner consistent with developmental goals (India becoming a developed economy by 2047)," said one of the persons, who did not wish to be identified, adding that the roadmap will also provide policy options needed for India to achieve net zero.

The Aayog had set up nine inter-ministerial working groups and has been holding stakeholder consultations to lay out a blueprint aligned with the government's vision to make India a developed country in the next 25 years.

The working groups include stakeholders from relevant line ministries and departments, industry bodies and think tanks, brainstorming on the financial implications for India and how it would be shared with all stakeholders, including states and the private sector.

The government is of the view that achieving India's net-zero emissions target of 2070 requires massive technological upgrades across the identified sectors as well as financial flows to fund the creation of requisite physical infrastructure.

Finance minister Nirmala Sitharaman had said in her 2024-25 budget speech in July last year that the government would come up with a policy document on green energy transition pathways.