India’s Coal Tax for Clean Energy Plan Lagging, Solar Lobby Says
This article is for subscribers only.
The Indian government, which expected to raise 25 billion rupees ($555 million) in its first year from a carbon tax on coal, failed to disclose how it will spend the money, a solar industry group said.
The proceeds from the coal tax, which took effect last July, were meant to fund renewable energy technologies, Anil Lakhina, managing director of the Gurgaon-based Forum for Advancement of Solar Thermal, said today in an e-mail. The government has yet to consult companies on how the fund will be used or its terms, he said.