3 research outputs found

    Mapping India's Energy Policy 2022

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    Carefully designed energy support measures—subsidies, public utilities' investments, and public finance institutions' lending—and government's energy revenues play a key role in India's transition to clean energy and reaching net-zero emissions by 2070. Looking at how the Government of India has supported different types of energy from FY 2014 to FY 2021, the study aims to improve transparency, create accountability, and encourage a responsible shift in support away from fossil fuels and toward clean energy.Mapping India's Energy Subsidies 2022 covers India's subsidies to fossil fuels, electricity transmission and distribution, renewable energy, and electric vehicles between fiscal year (FY) 2014 and FY 2021.We found that fossil fuels continue to receive far more subsidies than clean energy in India. This disparity became even more pronounced from FY 2020 to FY 2021, going from 7.3 times to 9 times the amount of subsidies to renewables

    Mapping India's energy subsidies 2021: time for renewed support to clean energy.

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    Government support is more important than ever for the energy transition in the wake of COVID-19, as governments around the world take unprecedented measures to help stimulate economic recovery. Shifting government support from fossil to clean energy can ensure that every rupee of public money helps access, affordability, energy security and the shift to a low-carbon economy. This report examines how the Government of India has used subsidies to support different types of energy from FY 2014 until FY 2020, and draws on qualitative data to describe major shifts since the onset of COVID-19. In light of the government commitments to Aatmanirbhar Bharat ("self-reliant India"), it also includes two special thematic chapters. The first explores how subsidy policy can best promote solar photovoltaic (PV) manufacturing as part of the road to 450 GW of renewable energy by 2030. The second examines how investments by public sector undertakings (PSUs) - that is, enterprises where the government is the majority owner - are supporting clean energy. Our data, summarized in Figure ES1, cover all subsidies from production to consumption for coal, oil and gas, electricity transmission and distribution (T&D), renewable energy, and electric vehicles (EVs). Nuclear and hydropower are not included due to a lack of adequate data availability. The underlying data are available online and have been made easier to explore with an accompanying data portal
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