When electricity was first being introduced in India, city by city, the cost was a major impediment. A bulb in 1905 cost Rs 2 in Bombay — money that could buy 21 kg wheat at the time. So, the government decided to reduce the cost per unit to encourage people to get electricity connections.
This virtual roundtable will outline the pathways to achieving 30% vehicle electrification in India by 2030 and ways to bridge the investment gap to achieve this target.
Decarbonization of the transport sector will be fundamental to reduce the impacts of global climate change and to achieve India’s ambitious climate targets. The Government of India aims for electric vehicles (EVs) to account for at least 30% of all new automotive sales by 2030. While the target will bring enormous advantages in terms of abating carbon emissions and enhancing India’s energy security, a new report estimates that substantially more foreign direct investment is required in EVs and batteries to achieve the EV transition ambitions.
This webinar will present the findings of a new report, Investor Perspectives on Accelerating Growth in the Indian EV Ecosystem, by Invest India, Columbia University’s Center on Global Energy Policy, the International Institute for Sustainable Development, and the Indian Council for Research on International Economic Relations. Speakers will consider pathways to achieving 30% vehicle electrification in India by 2030, including how to bridge India's EV investment gap.
Deepak Bagla, CEO, Invest India
Sudhendu Sinha, Advisor, NITI Aayog
Moderators:
Speakers:
An overview
Fuel subsidies are one of the most common types of government support to the fisheries sector. This brief presents an overview of fuel subsidies to marine fisheries in India, explains why such measures can be risky from a sustainability perspective, and highlights how possible reform could be informed by India's experience in reforming fossil fuel subsidies more broadly.
In the 2019 fiscal year, fuel subsidies to marine fisheries accounted for an estimated 32% of total government support to the sector.
Fuel subsidies tend to accrue more significant benefits to well-off consumers who can afford to purchase more subsidized fuel, so larger vessels can receive 4 times more diesel subsidies than smaller vessels.
With millions of livelihoods depending on fishing activities, fuel subsidies need careful evaluation to assess if they are effective and efficient in supporting low-income fishers in India.
Marine fisheries are an important economic sector in India, in particular, because they provide livelihoods to millions of often small-scale and low-income fishers and nutritional security to many more people across the country. Ensuring that government support to the sector preserves and improves fisheries’ ability to meet the Indian population's needs sustainably is thus a key policy objective. However, some common types of fisheries subsidies, like fuel subsidies, are well known for the risks they can pose to the sustainable exploitation of marine resources.
This brief presents an overview of fuel subsidies to marine fisheries in India and provides a number of key figures and facts on these support measures, including new, updated state-level information on the level of support in four focus states—Andhra Pradesh, Karnataka, Kerala, and Tamil Nadu—which account for more than 50% of total fish landings in India. The brief then explains why fuel subsidies to marine fishers should be carefully evaluated and possibly reformed to support fishers and coastal communities in a more efficient and sustainable way. It concludes by highlighting a few key lessons from broader fossil fuel subsidy reform in the country that could possibly be applied to the reform of fuel subsidies to marine fisheries.
The global transition away from fossil fuels to renewable energy sources could trigger financial challenges for India and major developing countries such as Russia, Brazil and China because of their high dependence on revenues from fossil fuel, according to a study by the International Institute for Sustainable Development (IISD).
A new report by the International Institute for Sustainable Development (IISD), titled Boom and Bust: The Fiscal Implications of Fossil Fuel Phase-Out in Six Large Emerging Economies, looks at the potential financial ramifications of phasing out fossil fuels in six emerging economies — Brazil, Russia, India, Indonesia, China, and South Africa (BRIICS). They must begin adjusting their fiscal policies to account for declining fossil fuel use or risk a $278 billion revenue gap by 2030.
As the global clean energy transition gathers pace, six emerging economies need to start adjusting their fiscal policies now to account for declining fossil fuel use-or risk a $278 billion gap in revenues by 2030, equivalent to the combined total government revenues of Indonesia and S. Africa in 2019, according to a new report by the International Institute for Sustainable Development.
As the world has pledged to transition towards cleaner energy to combat climate change, a latest report said the governments of Brazil, Russia, India, Indonesia, China and South Africa (BRIICS) need to act now to decarbonize and start adjusting their fiscal policies to account for declining fossil fuel use or they could face a USD 278 billion revenue gap by 2030.
Every year in October, cash registers ring in shops dotting east India's mining hubs during the Hindu festival season of Dussehra, when the country's biggest coal company, Coal India Ltd, hands its workers a bonus. Researchers and unions are calling for this coal cash - which fuels spending in homes and local economies - and the revenue local governments earn from coal mining firms to be mapped as a first step towards planning for a post-coal economy.
Every year in October, cash registers ring in shops dotting east India's mining hubs during the Hindu festival season of Dussehra, when the country's biggest coal company, Coal India Ltd., hands its workers a bonus.
Union Commerce & Industry Minister Piyush Goyal has lauded the 'collective efforts' at the World Trade Organisation (WTO) Ministerial Conference and said that 'positive outcomes have come out' of it.