India's Energy Transition: Subsidies for Fossil Fuels and Renewable Energy, 2018 Update
Pricing drives economic decision making, and subsidies (along with taxation) are one of the key tools that governments use to influence prices, and through them investment decisions and consumer behaviour.
This update highlights the most significant developments in the dynamic domain of India’s energy subsidy policies in FY 2017 and explores the role that subsidies play with respect to four themes: energy access; the role of coal; prospects for renewables; and a transport sector transition. It finds that the total value of quantified energy subsidies has declined from INR 2,15,974 crore (USD 35.7 billion) in FY2014 to INR 1,51,484 crore (USD 23 billion) in FY2017. Subsidies to fossil fuels have declined over this period, while subsidies to renewables and electric vehicles (EVs) have increased. However, the absolute value of subsidies to fossil fuels is much greater than those to renewables and EV.
You might also be interested in
Implementing Solar Irrigation Sustainably
This guidebook provides recommendations to state policy-makers on how they can implement solar irrigation models, particularly decentralized solar plants for irrigation under the PM-KUSUM scheme, effectively and sustainably.
Fighting for a place to breathe
In the shadow of a retired coal-fired power plant in India's capital, Meena Devi tries to make her family home -- four brick walls with a tin roof -- a safe place to breathe.
Subsidies for renewable energy and EVs more than double: Study
Nagpur: India’s subsidies for renewable energy and electric vehicles more than doubled this fiscal, according to a new study by independent think-tank International Institute for Sustainable Development (IISD). However, it also found that it will be critical for the government to build this momentum over the coming years to reach the country's climate targets.
EV subsidies in India doubled in FY 2022: IISD report
According to a recent study conducted by IISD (International Institute for Sustainable Development) subsidies for renewable energy and EVS in India have more than doubled in FY 2022. India still allocated four times more support to fossil fuels than clean energy, although the gap narrowed significantly since FY 2021 when support was nine times greater.