New Delhi, June 25 -- Investing in climate resilience at the early stages of renewable energy projects could save India's clean energy sector an estimated USD 28 billion in potential losses, according to a new report released by Zurich Kotak General Insurance and Zurich Resilience Solutions.
The study finds that allocating just 2per cent of capital expenditure (CapEx) towards climate resilience measures across India's planned renewable energy projects could reduce climate-related losses by nearly half-from USD 55 billion to USD 27 billion-delivering a six-fold return on investment.
The findings come as India continues its rapid transition towards clean energy. India emerged as the world's third-largest renewable energy capacity holder in ...