Fossil fuel subsidy reform in India: addressing the challenges

The latest issues of both the World Energy Outlook (WEO) and the World Economic and Social Survey (WESS) brought to the fore the importance and urgency of a low carbon revolution in order to align climate and development imperative and digress from
the alarming fossil-fuel dependent path. Although both the reports emphasised on enhancing end-use efficiency, massive investment in energy infrastructure and providing incentives for renewable, the WESS further underscored that one of the prerequisites for shifting to a low carbon-trajectory would be to
progressively do away with fossil-fuel subsidies. With the heightened concerns surrounding climate change the list of emerging developing countries that have been increasingly coming under the scanner for providing substantial chunk of fossil
fuel end-user (or consumer) subsidy especially on oil includes India. Interestingly, however, the communiqu