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Will doubling Indias coal tax boost the clean energy sector?
2016-04-01 09:01:00| Climate Ark Climate Change & Global Warming Newsfeed
Climate Home: In the recently announced Union Budget speech, the Modi government doubled the carbon cess [tax] on coal, lignite and peat from US$ 2.96 per tonne to $5.94 per ton. This is the third time the cess is doubled since it was introduced. A move that began as a minor redistribution policy of taxing production of coal/lignite/peat (both domestic and imported), initially at $0.74 per tonne in 2010, aimed at redistributing revenue to fund clean energy projects in India. A pricing policy which started...
Tags: energy
tax
clean
sector
Category:Electronics and Electrical