Green projects hit but 60% of Rs 1L cr in coal cess sits idle


Green projects hit but 60% of Rs 1L cr in coal cess sits idle

More than 60% of the Rs 1 lakh crore collected through carbon tax on coal remains unutilised seven years after the levy was imposed to fund green energy transition, while transmission projects for upcoming solar and wind power units worth Rs 40,000 crore struggle to keep tariffs low in the absence of viability funding support.

The Centre in 2010-11 imposed a cess of Rs 50 per tonne on domestic and imported coal to create a corpus, National Clean Energy Fund (NCEF), for promoting clean energy initiatives and research. Subsequently, the fund’s scope was expanded to clean energy environment also. Read More

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