India is the world’s second most populous country and the world’s third largest economy—and it continues to grow at a rapid pace. It is also undertaking enormous efforts to provide modern energy products and services to millions of households living in energy poverty. In years to come, it will therefore have to deal with a substantial increase in the demand for energy. How will this demand be met?
India’s fossil-fuel subsidies fell sharply by nearly 70 per cent, from INR 1,73,330 crore (USD 29 billion) in FY14 to INR 52,980 crore (USD 8 billion) in FY17. Between FY16 and FY17, fossil-fuel subsidies declined by INR 12,270 crore (USD 2 billion).
India is currently one of the most polluted countries in the world, with air pollution contributing to hundreds of thousands of deaths per year—much caused by burning biomass fuel, such as wood and dung. The health impacts, and the burden of collecting and preparing traditional fuels, falls disproportionately on women and children.
This paper develops a broad framework for understanding the links between government interventions and the wider drivers of asset stranding and applies this to India’s coal power sector as a first case study.
In 2015, nearly 780 million people, or more than 60 per cent of the Indian population, did not have access to clean cooking. Like many countries, the Government of India has attempted to address this by subsidizing liquefied petroleum gas (LPG).
Solar power has a key role in India's transition towards universal household electrification by March 2019. India has a growing market for off-grid products, recording its highest sales volume of off-grid products in 2017.
Sustainable Development Goal (SDG) 7 calls upon the global community to ensure access to affordable, reliable, sustainable and modern energy for all by 2030. The High-level Political Forum on Sustainable Development (HLPF) in New York noted progress, but also established that the world is still not on track to reach the targets on energy access, energy efficiency and renewable energies.