India, Feb. 11 -- A CSEP study suggests redirecting India's fossil fuel tax revenues to fund clean energy and industrial efficiency.

This could potentially boost GDP, reduce emissions and improve household incomes.

The study models three scenarios, with renewable energy investments showing the highest economic gains and emissions reductions.

Redirecting a portion of India's fossil fuel tax revenues toward clean energy and industrial efficiency could simultaneously boost economic growth, cut emissions intensity and improve household incomes, according to a new working paper by the Centre for Social and Economic Progress (CSEP).

The analysis comes at a time when India faces the dual challenge of sustaining economic growth while meeting ...