21 Jul 2014:
India Doubles Coal Tax to
Fund Ambitious Clean Energy Initiatives
India's finance minister has doubled the tax on coal imported to or mined in the country, raising the tariff from $0.83 to $1.67 per metric ton, with plans to use the revenue to fund a host of renewable energy projects over the next decade, Clean Technica
reports. The revenue will be added to the National Clean Energy Fund, which was established to provide low-cost financing for renewable energy projects. The fund's scope will be expanded to include environmental projects as well as clean energy research and development, including a national wind energy program, four major solar power projects, and an initiative that aims to establish transmission corridors for distributing electricity from renewable energy sources. The revenue will also be used to fund a new, separate ministry focused on cleaning the heavily polluted Ganges River. The tax could raise as much as $1.2 billion in the first 12 months, according to some estimates.
Yale Environment 360 is
a publication of the
Yale School of Forestry
& Environmental Studies
Yale Environment 360
articles are now available in Spanish and Portuguese on Universia
, the online educational network. Visit the site.
Business & Innovation
Policy & Politics
Pollution & Health
Science & Technology
Antarctica and the Arctic
Central & South America
The 2015 Yale e360 Video Contest winner documents a Northeastern town's bitter battle over a wind farm. Watch the video.
is now available for mobile devices at e360.yale.edu/mobile
A 2015 Yale e360 Video Contest winner captures stunning images of wild salmon runs in Alaska. Watch the video.
video goes onto the front lines with Colorado firefighters confronting deadly blazes fueled by a hotter, drier climate. Watch the video.
A three-part series Tainted Harvest
looks at the soil pollution crisis in China, the threat it poses to the food supply, and the complexity of any cleanup. Read the series.
Top Image: aerial view of Iceland
. © Google & TerraMetrics.