Casting doubt over various estimates of financing required to decarbonise India, former Minister of State for Finance Jayant Sinha has warned that raising global capital to fund such endeavors is “very, very difficult” and that even Indian corporate capital expenditure has not been what may be conservatively required to mitigate climate change due to carbon emissions from power, transport, steel, and cement sectors.

Referring to the findings of various studies, Sinha said at a seminar on Tuesday that $50 billion-$100 billion of additional corporate capital expenditure in the current decade was needed for India to be on a meaningful decarbonisation path. But this would be difficult, he said, considering corporate capex in India has flattened in recent years.

The seminar discussed a recent

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