News > India Could Witness 65% Drop in Fossil Fuel Revenues by 2050

India Could Witness 65% Drop in Fossil Fuel Revenues by 2050

Dais Newsfeed | 08/07/2022 10:42 AM | Click to read full article

As the worldwide clear power transition gathers tempo, India might want to begin adjusting its fiscal insurance policies now to account for declining fossil gas use — or witness a fall of round 65% in direct public fossil gas revenues by 2050, in keeping with a brand new report by the Worldwide Institute for Sustainable Improvement (IISD).

The report spotlights fiscal impacts of the power transition on six rising economies — Brazil, Russia, India, Indonesia, China, and South Africa (BRIICS)