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India's fast growing economy, large population to drive carbon-intensive product demand: Moody's

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India's fast growing economy, large population to drive carbon-intensive product demand: Moody's

Moody's Ratings highlighted India's progress in building renewables capacity, but also warned of increasing carbon-intensive product demand due to the country's growing economy and population. India's share of global greenhouse gas emissions has risen to 7.5%, and its commitment to achieving net-zero emissions by 2070 faces challenges. The government's ability to attract private investment and address decarbonization spillovers will determine its credit exposure to carbon transition and social risks. India's renewable energy capacity has expanded, but decarbonization in transportation and the wider economy has been slower. The government plans to launch a compulsory emissions trading mechanism in 2026 to accelerate the transition.

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