Mumbai, June 4 -- Mumbai: India will need to invest about 2% of its real gross domestic product (GDP) annually in the power sector over the next decade to meet its 2070 net-zero pledge, Moody's Ratings said on Wednesday.

The renewable energy sector is expected to add 450 gigawatts (GW) of clean energy capacity during this period, while coal-based power generation is also projected to rise by 32-35%, or 70-75 GW, to meet growing electricity demand.

India, Moody's said, will need to balance the trilemma of energy security, affordability, and transition.

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According to the United Nations, net zero means cutting carbon emissions to a small amount of residual emission...