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It has now been just over a year since the US signed into law the Inflation Reduction Act and already, it has been followed by more than US $110 billion in clean energy investments.
Rising debt levels and the ravages wrought by climate change present acute threats to achieving sustainable development goals in emerging market and developing economies.
As the world races to transition to cleaner energy sources, there exists a substantial gap between the financing required for this transition and the actual investments being made.
As the world’s most populous country, fifth-largest economy, and third-largest emitter of CO2, India has taken several policy measures to address its energy trilemma of ensuring energy security, energy affordability, and environmental sustainability.