March 23, 2021 Read More →

Largest part of Indian energy stimulus spent on “other energy”

NS Energy:

India has committed more public money than any other economy to date – at least $122bn – as part of its Covid-19 stimulus to support the nation’s energy sector.

But a report by the Institute for Energy Economics and Financial Analysis (IEEFA) and the International Institute for Sustainable Development (IISD) claims that since the start of the pandemic in early 2020, the government’s stimulus has provided a “mixed bag” for the country’s energy transition.

The Government of India is continuing to promote a greener recovery by committing $35bn (28.5%) of the $122bn in energy-related funding to renewables, almost twice the $18bn (15%) provided to fossil fuels. 

[James Murray]

More: India’s energy stimulus has provided a ‘mixed bag’ for the nation’s energy transition

Posted in: IEEFA In the News

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