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Defaulting to Decarbonization? Financial Insolvency and the Energy Transition in India’s States

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analysisand-evaluationcoalindiapolicy-designpublic-affairspublic-policy-and-public-administrationrenewable-energy
How do financial constraints shape the energy transition in developing countries? I study this question in India, where electricity procurement is governed at the subnational level. Electoral politics motivates state governments to subsidize electricity consumption, resulting in financial stress for
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