NITI Aayog Releases $14.23 Trillion Net-Zero Pathway to 2070

Key Points

• $14.23 trillion investment needed through 2070 for net-zero pathway
• Focus on renewables, energy storage scale-up, and stronger nuclear capacity
• Policy frameworks to improve bankability including long-term contracts and clear market rules
• Industrial heat transition to green hydrogen, biomass, electrified boilers, and solar thermal

Full Details

NITI Aayog has released a $14.23 trillion pathway to achieve net-zero emissions by 2070, with major emphasis on renewable power expansion, energy storage scale-up, and a stronger nuclear capacity target. The report highlights that industrial heat can shift over time to green hydrogen, biomass, electrified boilers, and solar thermal, with carbon capture and storage for residual emissions. Near-term focus includes storage tenders, pumped hydro closures, grid InvITs, and battery supply chains with bankable offtake. The policy framework emphasizes improving bankability through long-term contracts, clear market rules for storage, and financing models that can attract domestic and global capital at lower costs. As solar and wind grow, India needs storage to shift energy across hours and seasons, keep the grid stable, and provide firm capacity. Clarity on a nuclear capacity target and fuel strategy can de-risk construction and operations, reduce financing costs, and support predictable long-term cash flows.