The global transition away from fossil fuels to renewable energy sources could trigger financial challenges for India and major developing countries such as Russia, Brazil and China because of their high dependence on revenues from fossil fuel, according to a study by the International Institute for Sustainable Development (IISD).

A new report by the International Institute for Sustainable Development (IISD), titled Boom and Bust: The Fiscal Implications of Fossil Fuel Phase-Out in Six Large Emerging Economies, looks at the potential financial ramifications of phasing out fossil fuels in six emerging economies — Brazil, Russia, India, Indonesia, China, and South Africa (BRIICS). They must begin adjusting their fiscal policies to account for declining fossil fuel use or risk a $278 billion revenue gap by 2030. 

As the global clean energy transition gathers pace, six emerging economies need to start adjusting their fiscal policies now to account for declining fossil fuel use-or risk a $278 billion gap in revenues by 2030, equivalent to the combined total government revenues of Indonesia and S. Africa in 2019, according to a new report by the International Institute for Sustainable Development. 

As the world has pledged to transition towards cleaner energy to combat climate change, a latest report said the governments of Brazil, Russia, India, Indonesia, China and South Africa (BRIICS) need to act now to decarbonize and start adjusting their fiscal policies to account for declining fossil fuel use or they could face a USD 278 billion revenue gap by 2030.

Every year in October, cash registers ring in shops dotting east India's mining hubs during the Hindu festival season of Dussehra, when the country's biggest coal company, Coal India Ltd, hands its workers a bonus. Researchers and unions are calling for this coal cash - which fuels spending in homes and local economies - and the revenue local governments earn from coal mining firms to be mapped as a first step towards planning for a post-coal economy.

Every year in October, cash registers ring in shops dotting east India's mining hubs during the Hindu festival season of Dussehra, when the country's biggest coal company, Coal India Ltd., hands its workers a bonus.

Union Commerce & Industry Minister Piyush Goyal has lauded the 'collective efforts' at the World Trade Organisation (WTO) Ministerial Conference and said that 'positive outcomes have come out' of it. 

After a slowdown during the first two years of the covid-19 pandemic, India’s renewable energy sector seems to be bouncing back in terms of investments. But recent studies raise doubts about the overall pace of the sector’s growth with finance emerging as a major impediment.

After a slowdown during the first two years of the COVID-19 pandemic, India's renewable energy sector seems to be bouncing back in terms of investments. But recent studies raise doubts about the overall pace of the sector's growth with finance emerging as a major impediment.

India has to do a lot more to meet its net-zero emission target as fossil fuel subsidies are nine times higher than those for clean energy, despite a 72 per cent fall in the former since 2014, says a study by the think tanks International Institute for Sustainable Development (IISD) and the Council on Energy, Environment and Water (CEEW).