IISD Report: Shifting Away from Fossil Fuels Could Lower BRIICS Nations' Revenues
A new report by the International Institute for Sustainable Development (IISD), titled Boom and Bust: The Fiscal Implications of Fossil Fuel Phase-Out in Six Large Emerging Economies, looks at the potential financial ramifications of phasing out fossil fuels in six emerging economies — Brazil, Russia, India, Indonesia, China, and South Africa (BRIICS). They must begin adjusting their fiscal policies to account for declining fossil fuel use or risk a $278 billion revenue gap by 2030.
You might also be interested in
State of the Sector: Critical energy transition minerals for India
This report presents a comprehensive strategy for securing a reliable supply of critical energy transition materials (CETMs) essential to India's clean energy and low-carbon technology initiatives.
Increased Support Needed to Achieve India's Clean Energy Goals
India is on track to achieve many of its 2030 clean energy goals but needs to step up government support measures to accelerate the deployment of offshore wind, electric vehicles, and green hydrogen, according to a new report.
Budgeting for Net Zero
This study estimates the cost gap for battery energy storage systems (BESSs), offshore wind, solar photovoltaic (PV), electric vehicles (EVs), and green hydrogen (GH2) to inform government support.
How South Africa can Improve Grid Battery Deployment to Unlock Economic and Security Benefits
South Africa can take action to boost the deployment of grid-located batteries through better understanding of the sector, co-operative planning, increasing access to finance, and supporting localized production, new research suggests.