ADB lauds India’s fossil fuel subsidy reforms

India has since 2010 made noteworthy progress on fossil fuel subsidy reform through a calibrated ‘remove’, ‘target’, and ‘shift’ approach, the Asian Development Bank (ADB) said in a new report. “By carefully balancing the combined effect of three key policy levers – retail prices, tax rates, and subsidies on selected petroleum products – the country

Climate change will cause India’s GDP to decline by 24.7% by 2070: ADB

According to a recent analysis, climate change is predicted to cause a 16.9% GDP reduction in the Asia-Pacific area by 2070 under a high-emission scenario, with India estimated to suffer a 24.7% GDP decline. According to the report, increasing sea levels and declining labor productivity would have the biggest impact on losses, with lower-income and

EIB, ADB, WB to provide $27 bn for green energy

The Asian Development Bank (ADB) has recently conveyed their intent to provide $20–$25 billion over five years to aid India’s aspirations for green growth.