India's energy transition: subsidies for fossil fuels and renewable energy, 2018 update

This update highlights the most significant developments in the dynamic domain of India’s energy subsidy policies in FY 2017 and explores the role that subsidies play with respect to four themes: energy access; the role of coal; prospects for renewables; and a transport sector transition. It finds that the total value of quantified energy subsidies has declined from INR 2,15,974 crore (USD 35.7 billion) in FY2014 to INR 1,51,484 crore (USD 23 billion) in FY2017. Subsidies to fossil fuels have declined over this period, while subsidies to renewables and electric vehicles (EVs) have increased. However, the absolute value of subsidies to fossil fuels is much greater than those to renewables and EV.