India’s Coal Tax May Fund Electricity Lines

Bloomberg reported that India is considering using the money from its coal tax to fund electricity lines to help distribute power from clean energy sources.

The market news is quoted as saying:

India took its first step to charge companies for fossil fuel pollution with a tax on coal, lignite and peat that took effect on July 1. The levy is expected to raise 25 billion rupees in the first year for clean energy projects.

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