TERI and WMBC launch policy brief urging stronger business-government collaboration, sector-specific policies, and investment-friendly climate strategies ahead of India’s updated NDC submission at COP30.
As India gear up to submit its updated climate commitment ahead of COP30 in Belém, Brazil, The Energy and Resources Institute (TERI) and the We Mean Business Coalition (WMBC) have jointly launched a policy brief titled “India’s 2035 Climate Target: A Business Opportunity for Growth and Global Leadership.” The document highlights how India’s next Nationally Determined Contribution (NDC) can drive economic growth, unlock private investment, and position the country as a global hub for low-carbon solutions.
The brief underscores the private sector’s pivotal role in achieving national goals—cutting emissions intensity by 45% by 2030 and ensuring 50% of installed power capacity comes from non-fossil sources. It calls for policy clarity, sector-specific strategies, and greater business-government collaboration to scale clean energy investments and innovations.
Speakers including TERI DG Dr. Vibha Dhawan, WMBC’s Andrew Prag, and senior officials from the Ministry of Power and BEE, emphasized the need for stable policies, financing pathways, and integration of energy storage and cooling sectors in the roadmap. The brief frames India’s climate ambition as both a national imperative and a replicable model for other emerging economies, especially as it leads the Global South on the international stage.
With tools like green taxonomies, FAME, PM E-DRIVE, and the National Green Hydrogen Mission, the brief offers an actionable path toward net zero, encouraging India to institutionalize business participation in climate policymaking for a sustainable future.