India

Country indicators

GDP per capita - gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. (Source: World Bank)

GDP per capita
(USD):

1,961.30

Fossil fuel subsidies (USD, billions) - All consumer and producer pre-tax subsidies. Pre-tax consumer subsidies exist when energy consumers pay prices that are below the costs incurred to supply them with this energy. (Source: IMF)

Fossil fuel subsidies (USD, billions):

7.03

Fossil Fuel Subsidies as % of GDP - All consumer and producer pre-tax subsidies as percent of a country’s GDP. (Source: IMF)

Fossil fuel subsidies
(% of GDP):

0.27

Fossil Fuel Subsidies with externalities as % of GDP - All consumer and producer post-tax subsidies. Post-tax consumer subsidies exist if consumer prices for energy are below supply costs plus the efficient levels of taxation. (Source: IMF)

Fossil fuel subsidies with externalities (% of GDP):

9.21

Revenue from environmentally related taxes as % of GDP - All revenue from environmentally related taxes - defined as any compulsory, unrequited payment to general government levied on tax-bases deemed to be of particular environmental relevance – as percent of a country’s GDP. (Source: OECD)

Revenue from environmentally related taxes (% of GDP):

1.238

Carbon pricing gap - Measure of how much countries fall short of pricing carbon emissions in line with a EUR 60 benchmark value (midpoint estimate of the carbon costs in 2020 and a low-end estimate for 2030). The difference is presented as percentage: If the Effective Carbon Rate (ECR) on all emissions is at least as high as the benchmark, the gap is zero, and if the ECR is zero throughout, the gap is 100%. (Source: OECD)

Carbon Pricing Gap
(%):

News

India Will Oppose ‘Unfair’ Carbon Border Tax Plans at COP26

2021-07-05

Environment minister Javadekar calls the tax proposal regressive; Minister says India wants developed nations to do more. India and other developing nations will oppose plans by the European Union and

Govt Working On New Scheme Worth Rs 20,000 Crore To Solarise Agriculture Feeders: Union Minister R K Singh

2021-06-21

Government of India planning to set aside Rs 20,000 under a new scheme to solarise agricultural feeders

Sustainable Fisheries Versus Harmful Subsidies: Let’s End the War of Attrition

2021-06-21

There is only one month left to fine-tune possible agreements for governments to stop funding overfishing

Reports

India’s Energy Transition: Mapping subsidies to fossil fuels and clean energy in India (GSI)

2017-12-01

India is the world’s third largest economy with a rapidly expanding population, and hence substantial increases in energy demand. India’s government is looking for ways to power further economic growth

Taxing Energy Use 2015 (OECD)

2017-05-05

This OECD report provides a systematic analysis of the structure and level of energy taxes in OECD and selected partner countries, which together cover 80% of global energy use. The

Estimating the Impact of Price Reforms on Kerosene Subsidy Expenditure in India (GSI)

2017-04-21

India is one of the world’s largest users of kerosene, most of which is provided at highly subsidized prices. In late 2016, the Government of India announced that it would

India

Country indicators

News

India Will Oppose ‘Unfair’ Carbon Border Tax Plans at COP26

Govt Working On New Scheme Worth Rs 20,000 Crore To Solarise Agriculture Feeders: Union Minister R K Singh

Sustainable Fisheries Versus Harmful Subsidies: Let’s End the War of Attrition

Reports

India’s Energy Transition: Mapping subsidies to fossil fuels and clean energy in India (GSI)

Taxing Energy Use 2015 (OECD)

Estimating the Impact of Price Reforms on Kerosene Subsidy Expenditure in India (GSI)

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