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According to the latest report from the Deloitte Institute for Economics, India must act now to prevent it from losing $35 trillion in economic potential
over the next 50 years due to unmitigated climate change.
Deloitte added that by limiting global temperature rise and realizing its potential to "decarbonize" the world, India could reap $11 trillion in economic value
over the same period.
"We only have a short time – the next 10 years – to make the decisions needed to change the
trajectory of climate change.
No one is immune to the effects of climate change, but for India, this is a window of opportunity to lead the way," said Atul Dhawan, Chairman of Deloitte India
.
According to the report, the five sectors most affected by economic activity over the next 50 years will be – government and private services, manufacturing, retail and tourism, construction and transportation
.
The Deloitte report estimates that these five industries alone will lose more than $1.
5 trillion
in added value to GDP annually by 2070.
"By making the right choices now, India can chart a more prosperous path to a low-emission future, accelerating progress in the rest of the world by exporting key technologies, processing and expertise," Dhawan added
.
India can achieve significant economic growth
by providing the world with the products, services and financing it needs to limit temperature rise, the report said.
According to the latest report from the Deloitte Institute for Economics, India must act now to prevent it from losing $35 trillion in economic potential
over the next 50 years due to unmitigated climate change.
Deloitte added that by limiting global temperature rise and realizing its potential to "decarbonize" the world, India could reap $11 trillion in economic value
over the same period.
"We only have a short time – the next 10 years – to make the decisions needed to change the
trajectory of climate change.
No one is immune to the effects of climate change, but for India, this is a window of opportunity to lead the way," said Atul Dhawan, Chairman of Deloitte India
.
According to the report, the five sectors most affected by economic activity over the next 50 years will be – government and private services, manufacturing, retail and tourism, construction and transportation
.
The Deloitte report estimates that these five industries alone will lose more than $1.
5 trillion
in added value to GDP annually by 2070.
"By making the right choices now, India can chart a more prosperous path to a low-emission future, accelerating progress in the rest of the world by exporting key technologies, processing and expertise," Dhawan added
.
India can achieve significant economic growth
by providing the world with the products, services and financing it needs to limit temperature rise, the report said.
