India, the world’s third-largest energy consumer is undergoing a clean energy transition. This transition must not only advance climate commitments but also development needs and economic priorities.
This is a delicate balancing act. As we tread this tightrope, introduction of new macroeconomic policies could add further complexities.The goods and services tax (GST), introduced in July 2017, is one such example.
The GST removed tax exemptions offered previously to solar photovoltaic (PV) and added much uncertainty during the first year of its introduction. How has the GST implementation impacted the cost of solar PV power? Read More