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.
