The petrol subsidy in Indi was removed in June 2010, producing annual savings of $1 billion; diesel was deregulated in October 2014, producing annual savings of $10 billion. For example, government savings realized from the removal of fossil fuel subsidies could be redirected towards sustainable infrastructure, which would support improvements in energy access and efficiency, and contribute to further development of renewable energy. However, the evidence so far does not point uniformly in this direction. In fact, global investment in renewable energy rebounded in 2014 to $270 billion, a 17 percent increase from that of 2013.“