Market mechanisms, international funding needed
Warning that a carbon tax of $10 per tonne of greenhouse gas emissions could cause a GDP loss of more than $600 billion, the Economic Survey says the way forward for domestic environment financing must come from a mix of market mechanisms, fiscal instruments and regulatory interventions.
Citing the results of preliminary modelling studies by the Ministry of Environment and Forests, the Survey argues that “relying solely on carbon taxes and subsidy may not be the most viable policy option.” It also discusses the establishment of a National Green Fund to finance environmental protection, but only mentions international sources to fill the coffers of the Fund.
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Links:
[1] http://admin.indiaenvironmentportal.org.in/news/carbon-taxes-will-lead-heavy-gdp-losses-warns-economic-survey
[2] http://admin.indiaenvironmentportal.org.in/category/author/priscilla-jebaraj
[3] http://admin.indiaenvironmentportal.org.in/category/newspaper/hindu-new-delhi
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/carbon-tax
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/green-house-gases
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/ministry-environment-and-forests-moef
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/coal
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy-efficiency
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-economics
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-change
