Stakeholder Discussion: India's 2035 Climate Target A Business Opportunity for Growth and Global Leadership
As India prepares to submit its updated Nationally Determined Contribution (NDC) ahead of COP30, there is a pivotal opportunity to align national climate ambition with the country’s broader development goals and industrial transition pathways. Under the aegis of TERI’s ‘Industry Charter for Near Zero Emissions by 2050’, TERI collaborated with the global We Mean Business Coalition, to jointly develop a brief, ‘India’s 2035 Climate Target: A Business Opportunity for Growth and Global Leadership. It’s a set of actionable, sector-specific recommendations across key emissions-intensive areas such as power, industry, transport and nature-based solutions that can better shape India’s 2035 Climate Target. TERI’s charter, a coalition of like-minded industries bound in their voluntary pledge to reduce emissions, deliberated the need to align India’s climate ambition with industrial competitiveness, clean investment and sustainable growth.
Since the launch of India’s NAPCC, the private sector has emerged as a key partner in delivering on the ambition of its 8 national missions through – innovation, technology deployment and the integration of sustainability into business strategy. As India positions itself as a global climate leader, there is growing recognition of the pivotal role that Indian industry can play in advancing national targets and unlocking new pathways to low-carbon growth.
The brief highlights how Indian companies are already delivering climate action – across renewables, energy efficiency, clean transport, green finance, and nature-positive business models. It also underscores how well structured NDCs can act as forward-looking investment signals – mobilizing capital, de-risking innovation and driving cross-sectoral transformation. The TERI roadmap for power sector decarbonization, steel sector decarbonization, cement sector decarbonization, transport sector decarbonization and nature-based solution sector are integrated in the TERI-WMBC brief, with evidence of action from over 30 indian companies.
The stakeholder discussion on “India’s 2035 Climate Target: A Business Opportunity for Growth and Global Leadership” involved participation from senior Government officials, key sectoral ministries, business leaders and institutional partners. By bringing the Government and the private sector together, this initiative aims to reinforce how India’s next NDC can become a roadmap for inclusive, investible and high-impact climate ambition – setting a global example in the run up to COP30.
Read the press coverage here: The Hindu Business Line, India RE News, Agro Spectrum, Global Agriculture, and Climate Samurai.
