Question
How has India’s fossil fuel subsidy in the oil and gas
sector changed from 2013 to 2023, according to the Asian Development Bank (ADB)?Solution
India’s fossil fuel subsidy in the oil and gas sector decreased by 85%, from $25 billion in 2013 to $3.5 billion in 2023, due to targeted reforms aimed at reducing reliance on fossil fuels and promoting renewable energy.
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