About:

• Though India is a net importer of petroleum products, it earns substantial revenues — via cesses and taxes — from the consumption of petrol, diesel and oil.
• The study finds that by 2050, overall fossil fuel revenues in Brazil, Russia, Indonesia, India and China could be as much as $570 billion, lower than a business-as-usual scenario where governments fail to phase down fossil fuels enough to avoid the worst climate impacts.
• The widest gaps are expected to occur in India ($178 billion), China ($140 billion), and Russia ($134 billion).
• Public revenues from fossil fuel production and consumption currently account for 34% of general government revenue in Russia, 18% in India, and 16% in Indonesia. This includes only direct, first-order, government financial revenues. By comparison, such revenues form a smaller fraction of Gross Domestic Product (GDP) in developed countries.
• However, Fossil fuel revenue streams were “unreliable and erratic” and undermined by the negative economic impacts of fossil fuel use, such as health costs due to air pollution and damage from climate change.