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India can save up to 78 per cent in subsidies provided to the green energy sector by making adjustments to its renewable energy policies, according to a new study. As per this joint study from Climate Policy Initiative (CPI) and the Bharti Institute of Public Policy at the Indian School of Business (ISB), India’s current wind and solar policies were not as cost-effective as they could be. “For wind energy, reducing debt cost to 5.9 per cent and extending tenor by 10 years can cut the cost of total federal and state support by up to 78 per cent. For solar energy, which is more capital-intensive, reducing debt cost to 1.2 per cent and extending tenor by 10 years can cut the cost of support by 28 per cent,” the study says.