India’s subsidies to renewables drops 35 per cent from FY17 to FY19: Report
New Delhi: India’s renewable energy subsidies fell 35 per cent from 2017-18 to 2018-19, while its oil and gas subsidies increased by 65 per cent, a study by the International Institute for Sustainable Development (IISD) and the Council on Energy, Environment and Water (CEEW) said on Thursday.
How the government tackles the Covid-19 crisis and economic recovery will be crucial to determining future trends in the energy sector, said experts.
The study, Mapping India’s Energy Subsidies 2020, emphasises that the health and economic crisis caused by Covid-19 will influence subsidy expenditure.
