India's fast growing economy, large population to drive carbon-intensive product demand: Moody's
- Posted on October 17, 2024
- By Business News Today
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India's fast growing economy, large population to drive carbon-intensive product demand: Moody's
India is rapidly building its renewable energy capacity, yet its growing economy and population will increase demand for carbon-intensive products. Moody's forecasts high GDP growth rates for the coming years. The country aims for net-zero emissions by 2070 but faces challenges, including social and environmental risks. Private investment is crucial for climate mitigation.