National Clean Energy Fund

India Doubles Tax On Coal Again

Broadly along expected lines, India has yet again increased the tax on coal mined or imported in the country. On 29 February, the Indian Finance Minister tabled a budget proposal to double the tax on coal from Rs 200 (~US$3) to Rs 400 (~US$6) per tonne. This was the third … [continued]

Make in India logo with a backdrop of solar panels.

India Plans $1 Billion Equity Fund For Renewable Energy Projects

As competition among renewable energy project developers in India continues to increase the Indian Government is planning to step up investment in the sector to keep the momentum going. The Indian Minister for Power, Coal, and Renewable Energy, Piyush Goyal, recently announced that his government will soon float an equity … [continued]

India Doubles Coal Tax, Yet Again

Of late, India has been cutting subsidies while at the same time increasing taxes on fossil fuels so as to transform itself from a carbon subsidy regime to one of carbon taxation. On Saturday, the country moved forward to double the “clean energy cess” it levies on coal used in the country. While … [continued]