G20 Scorecard of Fossil Fuel Funding: India

There has 4. Scale of support for oil and $13.1 billion of support to oil and gas also been a renewed push to boost domestic coal gas exploration, production, 3rd / Low exploration, production, refining, and production. [...] However, India has successfully cut down on consumer subsidies for 7. Progress in ending support for 146% increase in public finance and 38% fossil fuels 8th / Very poor increase in SOE investment in fossil fuels petrol, diesel, and kerosene (Garg et al., 2020). [...] Estimates in the table are in USD ($) and are annual averages based on the following sources: UNACCOUNTED FOR PROGRESS → A production • For direct transfers and tax expenditure: OECD (2020) data, 2017–2019 averages tax on coal has been raised three times from • For induced transfers: International Energy Agency (2020) data, 2017–2019 averages 2010 to 2016 and is now at INR 400 per tonne, • For pub [...] Mapping India’s energy subsidies 2020: Fossil fuels, MAIN UNACCOUNTED FOR AND UNQUANTIFIED SUPPORT → India’s power renewables and electric vehicles. [...] G20 COVID-19 GOVERNMENT SUPPORT → Coal India Limited, India’s large coal voluntary peer reviews of the reform of inefficient fossil fuel subsidies.