The Asian Development Bank's Asia–Pacific Climate Report for 2024 highlighted India's transition from fossil fuel subsidies to investments in cleaner energy solutions. India's 'remove, target, and shift' strategy led to an 85% reduction in fossil fuel subsidies from 2014 to 2023, freeing funds for renewable energy projects. The report praised India's efforts to balance environmental and social goals through reduced subsidies and investments in alternative energy sources like LPG and clean energy initiatives. Taxation played a crucial role, with a coal production cess supporting clean energy programs and research. India's renewable energy capacity grew significantly, with a focus on solar and wind power, aiming to achieve 500 GW of capacity by 2030. The country's commitment to green hydrogen production, with a target of 5 million tonnes annually by 2030, highlights its strategic move towards decarbonizing challenging sectors. Key initiatives like the PM-KUSUM Scheme and the National Green Hydrogen Mission demonstrate India's leadership in promoting renewable energy and sustainability.