India raises coal tax for renewable energies

05.03.2010: The Indian government plans to introduce a clean energy tax of US$ 1 per ton of coal.

With the tax India wants to fund research and innovative projects in renewable energy technologies. Indian Finance Minister Prnab Mukherjee estimates that the tax can generate an income of US$ 543 million per annum. India targets a total capacity of 20 GW solar power in 2022.