Jharkhand's Sustainable Transition: Reports Unveil Financial Strategies for a Net-Zero Economy

Ranchi: The Task Force-Sustainable Just Transition and the Centre for Environment and Energy Development (CEED) on Monday released two reports in a bid to strengthen financial planning of the transition process in Jharkhand.The reports, ‘Transforming Jharkhand’s economy in line with India’s net-zero ambitions’ and ‘Decarbonising Jharkhand’s industrial sector for sustainable just transition’, highlight the financing pathways for transition planning and ways to accelerate cross-sectoral decarbonisation process in the state.Task Force-Sustainable Just Transition chairman AK Rastogi said, “The reports present pathways of investment and finance and industrial decarbonisation, which are two thematic areas, among eight identified by the state.

A well-planned, sustainable financing strategy can transform potential disruption into opportunity, enabling the state to capture high-growth sectors, create sustainable livelihoods, and strengthen local economies.

”CEED CEO Ramapati Kumar said, “Jharkhand must adopt a sustainable finance framework-anchored in public funding, private investment, and climate finance-to drive a financially viable, inclusive transition.

Early planning will allow the state to capture first-mover advantages.”State development commissioner Ajoy Kumar Singh said, “The reports involve mapping assets, identifying capital instruments, building financing partnerships across public and private sectors, and designing policy enablers. We can start with green budgeting as a key step. Future-ready planning integrates social safeguards with economic diversification through investments in green infrastructure, clean energy, and low-carbon sectors to promote inclusive growth.

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