India's $55 Billion Green Energy Pipeline Faces Climate Damage

India's $55 Billion Green Energy Pipeline Faces Climate Damage

(Bloomberg) — The majority of India’s planned renewable energy infrastructure will be exposed to escalating climate hazards, putting about $55 billion of physical assets at risk of damage by the end of this decade, according to a new study.

Investing in Climate Resilience Could Materially Strengthen India’s Renewable Energy Sector; Helping Avert USD 28 Billion in Potential Losses

Mumbai  –  According to a new report released today by Zurich Kotak General Insurance and Zurich Resilience Solutions, the risk advisory division of Zurich Insurance, a targeted upfront investment of just 2% of capital expenditure (CapEx) in climate resilience measures across India’s planned renewable energy pipeline could cut potential climate-related losses by half, from USD 55 billion to USD 27 billion, an estimated saving of USD 28 billion, …

Climate resilience investment could avert $28 billion in losses across India’s renewable energy pipeline

India could avoid nearly $28 billion in climate-related losses across its planned renewable energy pipeline by investing around $4.6 billion in resilience measures, according to a report by Zurich Kotak General Insurance and Zurich Resilience Solutions. The investment, equivalent to about 2% of project capital expenditure (CapEx), could reduce projected climate-related losses from $55 billion to $27 billion and deliver an estimated sixfold retur…