A clean energy tax of 50 rupees ($1) per tonne will be imposed on domestic and imported coal, Mukherjee says, without specifying a target for the fund. The new levy could help raise about 25bn rupees, according to Emergent Ventures, a climate change consulting company.
“Harnessing renewable energy sources to reduce dependence on fossil fuels is now recognized as a credible strategy for combating global warming and climate change,” Finance Minister Pranab Mukherjee said in his annual budget speech to parliament in New Delhi.
Mukherjee
