• Environmental legislation news: India coal tax to raise clean energy funds

Environmental Laboratory

Environmental legislation news: India coal tax to raise clean energy funds

Apr 06 2010

A piece of environmental legislation introduced by the Indian government could raise about $660 million (£433 million) for researching and producing clean energy technology.

The cash raised from this coal tax, which levys a charge of just over $1 for each ton of coal used, will be put into the National Clean Energy Fund, with the financial estimate based on the 600 million ton yearly usage of the substance in India.

Internet resource Revolt explained that the recent budget revealed that the capital costs for investors in the solar industry have also been reduced for the fiscal year 2010/11.

The news provider labelled the moves as indicative of India's progress in terms of becoming a low-carbon economy, with such environmental legislation making implementation easier.

Pranab Mukherjee, minister of finance in India, presented the budget to the country on February 26th, which contained details of the coal tax and solar power discounts.

Posted by Joseph Hutton

Digital Edition

IET 34.1 Jan 2024

January 2024

In This Edition Water/Wastewater - Continuous remote water quality monitoring networks Environmental Laboratory - The Important Role of ICP-MS in Understanding the Toxicological Link Be...

View all digital editions


Water Today's Water Expo 2024

Feb 28 2024 Chennai, India

Asia Pharma Expo/Asia Lab Expo

Feb 29 2024 Dhaka, Bangladesh

Nepal Lab

Feb 29 2024 Kathmandu, Nepal

ChemTech World Expo 2024

Mar 04 2024 Mumbai, India

SIAF Guangzhou

Mar 04 2024 Guanghzou, China

View all events