Mapping India's Energy Policy 2022

The report finds a significant disparity in India's energy support, with fossil fuel subsidies remaining substantially higher than those for clean energy, reaching 9 times the amount in FY 2021. While overall fossil fuel subsidies decreased by 72% between 2014 and 2021, public finance institutions and state-owned utilities continue to prioritize fossil fuel projects over renewables. The study emphasizes the need to shift financial support toward clean energy technologies to meet the target of 500 GW of non-fossil power capacity by 2030.

• Fossil fuel subsidies in India significantly outweighed clean energy subsidies in FY 2021, being 9 times higher, compared to 7.3 times higher in FY 2020, although total fossil fuel subsidies decreased by 72% between 2014 and 2021.
• India's total energy sector support in FY 2021 exceeded INR 540,000 crore (USD 77 billion), comprising nearly INR 218,000 crore in subsidies, INR 140,000 crore in public sector utility investments, and at least INR 190,116 crore in loans from the three largest public finance institutions.
• Public financial support remains heavily skewed toward fossil fuels: in FY 2021, the largest power finance institutions disbursed three times more for fossil generation than for renewable energy, and in FY 2020, the 7 Maharatna PSUs invested 11 times more in fossil projects than in renewables.
• Subsidies for renewable energy declined by 59% between FY 2017 and FY 2021 due to slower deployment and the achievement of cost parity for grid-scale wind and photovoltaic solar.
• Low-priced electricity represents the largest portion of energy subsidies, accounting for 65% of the total at INR 141,895 crore.
• Support for electric vehicles grew significantly, with subsidies tripling to INR 849 crore between 2017 and 2021, complemented by a production-linked incentive program for domestic manufacturing.

APA

Viswanathan,, P. A. G. L. M. P. R. V. B. G. (2022). Mapping India's Energy Policy 2022. International Institute for Sustainable Development. https://www.iisd.org/publications/mapping-india-energy-policy-2022

Chicago

Viswanathan,, Prateek Aggarwal,Siddharth Goel,Tara Laan,Tarun Mehta,Aditya Pant,Swasti Raizada,Anjali Viswamohanan,Christopher Beaton,Karthik Ganesan,Balasubramanian. Mapping India's Energy Policy 2022. International Institute for Sustainable Development, 2022. https://www.iisd.org/publications/mapping-india-energy-policy-2022.

Wikipedia

{{cite report |last1=Viswanathan, |first1=Prateek Aggarwal,Siddharth Goel,Tara Laan,Tarun Mehta,Aditya Pant,Swasti Raizada,Anjali Viswamohanan,Christopher Beaton,Karthik Ganesan,Balasubramanian |title=Mapping India's Energy Policy 2022 |publisher=International Institute for Sustainable Development |date=31 May 2022 |url=https://www.iisd.org/publications/mapping-india-energy-policy-2022 |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{viswanathan2022mapping, author = {Viswanathan,, Prateek Aggarwal,Siddharth Goel,Tara Laan,Tarun Mehta,Aditya Pant,Swasti Raizada,Anjali Viswamohanan,Christopher Beaton,Karthik Ganesan,Balasubramanian}, title = {{Mapping India's Energy Policy 2022}}, institution = {International Institute for Sustainable Development}, year = {2022}, month = may, url = {https://www.iisd.org/publications/mapping-india-energy-policy-2022}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }