India To Push For Climate Finance, Green Jobs At COP30 In Brazil
India to seek reform in climate finance and highlight its growing green jobs potential as global leaders gather in Brazil for COP30
Brazil has opened three weeks of events tied to the upcoming COP30 climate summit with a series of business-led meetings in São Paulo urging governments to accelerate the shift from fossil fuels to renewables.
Chief executives and corporate representatives from around the world signed an open letter on 3 November, calling for urgent fiscal incentives and regulatory clarity to support the clean energy transition. The initiative, coordinated by Maria Mendiluce, CEO of the We Mean Business Coalition, brought together 35 business alliances representing more than 1000,000 companies. Mendiluce told Reuters that the events underscore the value of multilateralism and the need for higher ambition in climate commitments.
Parallel events include a Local Leaders Summit in Rio de Janeiro attended by mayors and governors, and the Earthshot Prize ceremony, led by Prince William, recognising global environmental achievements. Yet optimism has been tempered by growing geopolitical tensions and economic uncertainty, as global cooperation on climate issues stalls.
Amid these developments, India is preparing to push for stronger climate finance mechanisms at COP30. Officials and policy experts say reform in global climate funding is vital to support developing and climate-vulnerable economies facing rising adaptation costs.
A recent study, The State of Climate Response in India, estimated that achieving India’s clean transition targets would require USD 1.5 trillion in investment, which could generate up to USD 4 trillion in additional annual output and create jobs across manufacturing, logistics, green materials, and renewable infrastructure.
Supporting this, a joint report by Deloitte India and the Rainmatter Foundation projected that investing in climate action could generate over five million jobs by 2030, while a June 2025 study by NLB Services forecast nearly 7.3 million green jobs by FY28.
The sectors expected to drive this growth include **renewable energy, waste management, electric mobility, sustainable textiles, and green construction**, positioning India as a potential hub for green employment in the coming decade.
As COP30 unfolds, India’s delegation is likely to call for a coordinated global approach to finance and technology transfer, emphasising that equitable funding remains central to meeting shared climate goals.
