India Proposes Pollution-Reducing Incentives

Renewable energy is crucial in order to meet the international goals and national goals India has set regarding an increased pace of growth, tackling air pollution and meeting the global commitments on climate change.

In addition to these goals, the increase of output should be carried out in a sustainable manner to tackle the current unmet demand in the electricity output.

In this regard, the Indian government is putting more emphasis on enablers, such as the recently proposed pollution-reducing incentives in value of USD 12.4 billion (885 billion rupees) to encourage power plants to install equipment to reduce emissions and to develop infrastructure for electric vehicles. The proposal was made by the Power Ministry in addition to an existing proposal that would introduce installation costs for emission-cutting equipment to be passed on to consumers.

According to the ministry, a significant amount would be invested in reducing sulfur emissions from power plants and the remaining amount would be devoted to development infrastructure for electric vehicles in 70 cities in the next couple of years  (until 2025).

Thermal power companies are solely responsible for 80 percent of all industrial emissions of sulfur and nitrous oxides in India.

Source: https://www.reuters.com/article/us-india-pollution/india-proposes-more-than-12-billion-of-pollution-reducing-incentives-idUSKCN1Q41TN

 

 

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