New Delhi, May 8 -- India may require financing to the tune of USD 2.5 trillion by 2030 for climate transition, given its pledge to achieve net-zero emissions by 2070, the government said on Wednesday in a draft paper titled 'India's Climate Finance Taxonomy.'

The Department of Economic Affairs stated, "India's climate finance taxonomy will facilitate greater resource flow to climate-friendly technologies and activities, enabling India to achieve the vision of being Net Zero by 2070, while ensuring long-term access to reliable and affordable energy."

However, the report did not reveal any specific tax measures to be taken to support the green transition, though these details are understood to have been shared with experts.

The framewor...