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 can be a global leader in building a nature-positive economy

2021-05-31

India’s total agriculture subsidies are likely to reach $45-50 billion in perpetuity by 2030. Repurposing it to support India’s 120 million smallholder farmers transition to regenerative agriculture can help generate

International Energy agency: End new fossil fuel supply investments

2021-05-31

The International Energy Agency says immediate action is needed to reshape the world’s energy sector in order to meet ambitious climate goals by 2050, including ending investments in new coal

Leaders Summit Showcases Clean Energy Commitments to Tackle Global Climate Crisis

2021-05-11

In late April, US President Joe Biden convened 40 world leaders to “galvanize efforts” by the world’s major economies to tackle climate change, highlight economic benefits of early, “decisive” action,

Reports

OECD-IEA inventory of fossil fuels and other support

2017-03-29

The OECD-IEA Inventory of Support Measures for Fossil Fuels provides updated fossil fuel support data for 34 OECD member countries and six partner countries, including a number of measures applied

Fossil Fuel Subsidies in Asia: Trends, Impacts and Reforms (ADB)

2016-07-14

This report by the Asian Development Bank measures the size of subsidies on fossil fuels including direct transfers, tax exemptions, subsidized credit, and losses of state enterprises in India, Indonesia,

India

Country indicators

News

India can be a global leader in building a nature-positive economy

International Energy agency: End new fossil fuel supply investments

Leaders Summit Showcases Clean Energy Commitments to Tackle Global Climate Crisis

Reports

OECD-IEA inventory of fossil fuels and other support

Fossil Fuel Subsidies in Asia: Trends, Impacts and Reforms (ADB)

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