India Using $1.8 billion of its Coal Tax Money to Fund Renewable Energy Projects
India is using 1.8 billion of its coal tax fund to invest in renewable energy projects. The tax was collected from fossil fuel companies on every ton of coal mined in, or imported to, India between 2010 and 2016. India wants to quadruple its electricity generating capacity from renewable sources to 175 GW by 2022. It also plans to reduce emissions up to 35 percent by 2030.
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