#Adani BTIndia@100: HBS’s Prof. Vikram Gandhi on India's Net Zero Emission Goal By 2070

At the Adani_BTIndia@100 Summit, Rahul Kanwal, Executive Director of Business Today, engaged in a thought-provoking conversation with Prof. Vikram Gandhi, Senior Lecturer at Harvard Business School. The discussion centered around India’s ambitious goal of achieving net zero emissions by 2070, a target that requires an estimated $7 trillion investment. Prof. Gandhi emphasized the complexity of this transition, highlighting that the capital needed must come from diverse sources, including government funding, blended finance, and private sector investment. He advocated for the government to act as a catalyst, leveraging its capital to attract more private investment, particularly in scaling up renewable energy projects. Prof. Gandhi also underscored the importance of carbon markets, suggesting that India could capitalize on this by selling carbon credits to global companies struggling to meet their net zero targets. He acknowledged the challenges but remained optimistic, pointing out that technological innovation could eventually reduce the overall cost and make the $7 trillion target more attainable.