As per BofA statement release, it shows that India needs USD 401 billion in capital investment which could save over 100 GW of energy and 1.1 billion tonne of greenhouse gasses between 2015 and 2030, if it goes ahead with the measures to control pollution under the Paris climate agreement.

"Over 2015-30, India could drive USD401 billion in capex, which could lead to over 106 gw in energy savings, and 1.1 billion tonne per annum reduction in Co2 and impacting 99 stocks with a market capitalisation of USD 1.4 trillion," BofA said in a note.

Since the country is set to far exceed most of its 2015 Paris Agreement targets on climate change, analysts are keenly watching whether India raises its pollution curtailment targets or signals a 'net carbon neutrality' deadline at the two-day Climate Summit that began on Thursday.

The government's push towards blending ethanol up to 25 percent and move towards green hydrogen are encouraging, Bank of America Securities said in a note on Thursday-- which is the Earth Day and also the opening day of the two-day climate summit being pushed by US President Joe Biden.

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