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Higher cess on polluting coal to fund research in clean energy tech

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27 February 2010

Energy security concerns and environment have been further embedded in the Budget with a slew of fiscal incentives and budgetary support for green measures.

A National Clean Energy Fund is to be set up to fund research and innovative projects in clean energy technologies. The fund will be fed by an energy cess of Rs 50 on every tonne of coal produced.

The National Solar Mission, with an ambitious target of achieving 20,000 MW capacity by 2030 under the national action plan on climate change, will also be operationalised this year with the ministry of new and renewable energy’s plan budget being increased by 61% from Rs 617 crore to Rs 998 crore. The target: 200 MW grid power and 32 MW equivalent off-grid solar power to be installed in the next financial year.

…………A unique solar-powered rickshaw developed by CSIR will attract a mere 4% excise duty and its components will be exempt from customs duty…..Read complete news item……

Written by csirindia

February 28, 2010 at 3:44 pm

Posted in CSIR

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