Modi Commits to Clean Environment by Doubling India’s Coal Tax
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India will double the tax on coal production and promote electric vehicles and renewable-energy projects to balance out emissions from coal-fired power plants.
The world’s third-biggest emitter of greenhouse gases will raise the duty on coal to 200 rupees ($3.2) a ton, Finance Minister Arun Jaitley said in his budget speech for the year starting April 1. The money will be used to promote clean energy, he said, indicating India’s commitment to fight global warming.