Climate Economics
The economics of climate change — carbon pricing, green finance, and the trillion-dollar transition.
The Cost of Climate Change
Climate change is an economic crisis. Extreme weather events cost the global economy $313 billion in 2022 alone. Unmitigated warming could reduce global GDP by 10-23% by 2100 — dwarfing any pandemic or war.
Solutions and Opportunities
India committed to net-zero emissions by 2070. The transition to clean energy is the largest economic opportunity of our time — $4 trillion annually by 2030. Solar power in India is now cheaper than coal. Green hydrogen, EVs, and carbon markets are creating entire new industries.
- •Carbon pricing makes pollution expensive — either through taxes or cap-and-trade
- •India's solar power cost has fallen 90% in a decade
- •Green bonds finance climate-friendly infrastructure projects
- •Climate risk is now a mainstream concern for investors and financial regulators
💡 Did You Know?
India's International Solar Alliance, launched in 2015, has 116 member countries. India aims to install 500 GW of renewable energy capacity by 2030 — enough to power 375 million homes.