Report

How Green Is India’s Stimulus for Economic Recovery?

How India Can Raise Its Ambition for a Green Stimulus in 2021

Is India's 'green recovery' green enough? IEEFA and IISD's new report shows the government’s stimulus is a ‘mixed bag’ for the country’s energy transition.

While India has committed more public money than any other economy to date – at least US$122 billion – to supporting the energy sector since the start of the COVID-19 crisis in early 2020, a new report shows the government’s stimulus is a ‘mixed bag’ for the country’s energy transition. The Government of India continues to promote a greener recovery by committing US$35 billion (28.5%) of the US$122 billion in energy-related funding to renewables, almost twice the US$18 billion (15%) flowing to fossil fuels.

Reposted with permission from IEEFA, originally published here.

Report details

Topic
Energy
Just Transition
COVID-19 and Resilient Recovery
Climate Change Mitigation
Project
IISD Global Subsidies Initiative
Publisher
IEEFA
Copyright
Institute for Energy Economics and Financial Analysis (IEEFA), 2021