IMF welcomes India's announcement at COP26 on renewables, net zero target by 2070

At the COP26 summit in Glasgow, Prime Minister Narendra Modi made significant announcements, including the bold pledge of India becoming net zero by 2070.

The IMF has welcomed India's announcement at the COP26 summit on new targets to increase reliance on renewables and reduce the carbon intensity of its economy, including to adopt a net zero target by 2070.

Gerry Rice, Director, Communication Department at the International Monetary Fund (IMF), said India’s actions may help catalyse action in other emerging economies as well in addressing the climate change challenges.