India’s taxes and subsidies threaten clean energy growth in the country ...Middle East

Quartz - Economy
India’s taxes and subsidies threaten clean energy growth in the country
source : Quartz ( Middle East ) () 28
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.According to the studies, renewable energy is facing a reduction in subsidies, an increase in tax, and restrictions on the import of equipment for solar and wind energy projects. One such research is a joint study by the Council on Energy Environment and Water (CEEW) and the International Institute of Sustainable Development (IISD) which notes that since 2017 the subsidy for the renewable energy sector has dipped by 59%.

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