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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.
IISD in the news December 21, 2022

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.
IISD in the news December 21, 2022

IISD Welcomes New Deal on Global Biodiversity Framework

IISD congratulates the Parties to the Convention on Biological Diversity (CBD) for adopting the Kunming-Montreal Global Biodiversity Framework, which will guide work within and outside the UN system on tackling biodiversity loss and help lay the groundwork towards the CBD’s vision of living in harmony with nature by 2050.
Statement December 20, 2022

Subsidies for EVs in India increased 160%, reached record high of Rs 2,358 crore in FY22: IISD report

A recent study conducted by the International Institute for Sustainable Development (IISD) shows that subsidies for renewable energy and electric vehicles have more than doubled in FY22 at Rs 2,358 crore, when compared to FY21. The rise in EV subsidies is being attributed to growing stability in policies, post-COVID economic resurgence and the increased uptake of EVs that has encouraged growing subsidies on such vehicles.
IISD in the news December 20, 2022

India's subsidies for renewable energy, electric vehicles doubled in FY 22

India's subsidies for renewable energy and electric vehicles more than doubled in FY 2022, but it will be critical for the government to build this momentum over the coming years to reach the country's climate targets, a new study by the International Institute for Sustainable Development (IISD) said on Tuesday.
IISD in the news December 20, 2022

COP15: Biodiversity draft eyes more funds, saving rich areas

If agreed to, the non-paper, released on Sunday night (11am Montreal time) by China — which holds the presidency of the 15th Conference of Parties (COP15) to the UN Convention on Biological Diversity (CBD) — will be a historic moment when the world agrees to conserve global biodiversity by 2030.
IISD in the news December 19, 2022

Ottawa Playbook: 2022 in 22 numbers

This week, we take stock of the whirlwind that was 2022. Today we present the year in numbers. Plus, we do the math on which lobbyists registered the most meetings. Also, an excerpt from the farewell speech Jim Carr had hoped to deliver in Parliament.
IISD in the news December 19, 2022