International Institute for Sustainable Development
Abstract
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
