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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.

IISD in the news March 13, 2024

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.

IISD in the news March 12, 2024

The State of Global Environmental Governance 2023

In global environmental talks in 2023, the focus across nearly all issue areas was funding implementation and reviewing performance.

Report March 12, 2024

Monitoring Progress in Green Public Procurement

This report outlines the importance of monitoring progress in green public procurement (GPP) and highlights various methodologies, challenges, and recommendations.

Report March 12, 2024

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.

Press release March 11, 2024

Mapping India's Energy Policy 2023

Mapping India's Energy Policy 2023 is the latest publication in a series of annual updates on government support for energy in India that includes critical data on energy subsidies and taxation.

Report March 11, 2024

Ana Balanean

Person March 8, 2024

Investor–State Dispute Settlement and Fossil Fuels: What role for a carveout?

Next week, at the 9th annual OECD Investment Treaty Conference, delegates will discuss a possible carveout of climate change measures from investor-state dispute settlements (ISDS). We assess the implications of this for states' climate policies and broader efforts to reform international investment governance.

Policy Analysis March 8, 2024

Minh Nhat Le

Person March 6, 2024

Hrishabh Chandra

Person March 6, 2024

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