How green is India’s stimulus for economic recovery?
How green is India’s stimulus for economic recovery?
Is India's 'green recovery' green enough? IEEFA and IISD's new report shows the government’s stimulus is a ‘mixed bag’ for the country’s energy transition. While India has committed more public money than any other economy to date – at least US$122 billion – to supporting the energy sector since the start of the COVID-19 crisis in early 2020, a new report shows the government’s stimulus is a ‘mixed bag’ for the country’s energy transition. The Government of India continues to promote a greener recovery by committing US$35 billion (28.5%) of the US$122 billion in energy-related funding to renewables, almost twice the US$18 billion (15%) flowing to fossil fuels.