<p>India needs $20 billion (about Rs 1.53 lakh crore) worth of investments each year to achieve its climate targets and fund its green transition, according to a report.</p>.<p>The white paper by Ficci and Trilegal highlights that the country needs a large budget allocation, international finance from bilateral and multilateral sources and green private investments.</p>.<p>The report also spotlights reforms in the power sector for encouraging environmental, social and governance-led investment in India's climate transition.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/science-and-environment/maladaptation-how-not-to-cope-with-climate-change-1088247.html" target="_blank">'Maladaptation': How not to cope with climate change</a></strong></p>.<p>Focussing on redefining corporate citizenship -- the road to sustainability, the report details how corporates can contribute to the sustainability agenda, non-financial metrics and management of environmental, social and governance (ESG) risks.</p>.<p>As regulators actively incorporate ESG and sustainability factors into the legal framework, the ways in which companies operate will change, it added.</p>.<p>"India needs $20 billion worth of investments each year to achieve its climate targets and fund its green transition. It needs a large budget allocation, international finance from bilateral and multilateral sources and green private investments," the report stated. </p>.<p><strong>Check out DH's latest videos:</strong></p>
<p>India needs $20 billion (about Rs 1.53 lakh crore) worth of investments each year to achieve its climate targets and fund its green transition, according to a report.</p>.<p>The white paper by Ficci and Trilegal highlights that the country needs a large budget allocation, international finance from bilateral and multilateral sources and green private investments.</p>.<p>The report also spotlights reforms in the power sector for encouraging environmental, social and governance-led investment in India's climate transition.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/science-and-environment/maladaptation-how-not-to-cope-with-climate-change-1088247.html" target="_blank">'Maladaptation': How not to cope with climate change</a></strong></p>.<p>Focussing on redefining corporate citizenship -- the road to sustainability, the report details how corporates can contribute to the sustainability agenda, non-financial metrics and management of environmental, social and governance (ESG) risks.</p>.<p>As regulators actively incorporate ESG and sustainability factors into the legal framework, the ways in which companies operate will change, it added.</p>.<p>"India needs $20 billion worth of investments each year to achieve its climate targets and fund its green transition. It needs a large budget allocation, international finance from bilateral and multilateral sources and green private investments," the report stated. </p>.<p><strong>Check out DH's latest videos:</strong></p>