연구정보
[경제] India’s Energy and Fiscal Transition
인도 국외연구자료 연구보고서 - CSEP 발간일 : 2022-09-15 등록일 : 2023-02-24 원문링크
This paper looks at India’s expected energy transition towards a low-carbon future, and studies how government revenues from fossil fuels will be affected over the next two decades. It takes the International Energy Association (IEA 2021) scenarios for India and studies how both tax revenues and non-tax revenues for national (Central) and sub-national (State) governments would be affected. The study finds that under fairly standard assumptions on growth, prices and taxes, there would be continued growth in revenues from fossil fuels till 2040. However, revenues would fall significantly as a share of the gross domestic product (GDP) and overall government budget, and this would impose challenges for both the Central and State governments in India. Moreover, since the Central government is the greatest beneficiary of fossil fuels, it would face the brunt of the pressure. The paper also briefly discusses the possible impact of net zero and carbon taxes were India to take that route, as well as how subsidies are expected to impact and be impacted by such considerations.
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