The nonconventional energy sector is seen as the mainstay of the nation's future power requirements and is all set for major expansion, following a significant infusion of funds.

A large number of "economic instruments" are already being used in industrialised countries, according to a recent survey conducted by J B Opschoor of the Free University of Amsterdam. These economic instruments can be classified into five types: charges,

Tax reforms, which would penalise the unlimited use of nature, are fast becoming an imperative part of preparing national budgets, prodded by the realisation that ecological costs have to be accounted for, here and now. But will Manmohan Singh pay heed to

Environmental protection will work only if it makes economic sense. And, one good way of making sure it does is by introducing a comprehensive system of environmental taxes.