Subsidies to oil & gas sector reduce 85 pc in 10 years to 2023: MNRE

Within India's energy mix, RE presently accounts for ~18 mtoe, a significant jump from ~3 mtoe in 2010, marking a ~6x increase. Over the same period, RE installed capacity saw an ~8x growth, showcasing remarkable progress. This surge was driven by a supportive policy environment and the creation of fiscal space through an 85% reduction in oil and gas subsidies, enabling the government to channel funds into RE initiatives. 

Can green hydrogen, a promising alternative to oil and gas in hard-to-abate sectors, where conventional renewable energy falls short, replicate the rapid growth trajectory achieved by RE over the past decade?