Govt subsidies on oil & gas down 76% between 2014 and 2017, coal stable

Subsidies for oil and gas decreased from Rs 1.5 lakh crore ($21 billion) in 2014 to Rs 36,900 crore ($5.1 billion) in 2017

Indian government subsidies for fossil fuels, including oil and gas, have decreased by 76% over the three years to 2017, but subsidies for the coal industry have remained stable over the same period, a new study by think-tank International Institute for Sustainable Development (IISD), has found.

India, the world’s second largest consumer of coal and the fourth largest emitter of carbon dioxide, accounts for 7% of global emissions and continues to subsidise the loss-making, polluting coal industry. Burning of fossil fuels, such as coal, is the largest source of greenhouse gas emissions warming up the