India faces clean energy challenges as energy demand soars, global fossil fuel subsidies rise
The 2022 global energy crisis, together with India's growing energy demand, has led the country to adopt a hybrid approach, expanding all forms of supply in 2023. This approach has pushed India's total energy subsidies to 9-year high of USD 39.3 billion for the fiscal year ending 2023, states a new IISD report.
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India's energy subsidies reach 9-year peak at $39.3 billion amidst global crisis
India's energy subsidies have soared to a record $39.3 billion in the fiscal year 2023, marking a nine-year high, according to the latest findings. The surge is attributed to the nation's broad-based strategy to enhance its energy supply in light of the 2022 global energy crisis and its burgeoning energy needs.
India Faces Clean Energy Challenges as Energy Demand Soars and Global Fossil Fuel Subsidies Rise
New research finds the global energy crisis and increasing energy demand have pushed India's energy subsidies to a 9-year high.
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