Strategic Plan For New And Renewable Energy - 782 Words

Current Prime Minister Modi has called for the development of renewable and nuclear energy along with gas and coal. He believes that increased use of renewable energy will help the environment while also providing electricity to rural areas. Future policies show that India’s primary focus is the economy. India is open to setting a peak emission year in the future but refuses to do so until its emissions match China’s emissions. This is projected to be sometime between 2030 and 2050. India has several other policies that are currently being discussed. The Super-Efficient Equipment Program encourages the production of equipment that is 30-50% more efficient than current energy efficient products. The Strategic Plan for the New and Renewable†¦show more content†¦Mitigation policies are generally funded by general government revenues, but this alone will not be enough. It is expected that public and private funds will be necessary to obtaining enough money to pursu e the NAPCC. One possible way to raise the money is to increase the tax currently placed on coal. Increasing this tax from its current rate of 50 rupees per ton, 0.01 US dollar, would be extremely valuable to securing the proper financing. To increase private funding of climate change mitigation regulatory reforms that reduce risk of investment and provide long-term certainty must be developed. An increase in the current coal tax and better security for private investors will help India to allocate enough money to accomplish their goals. A solution to India’s issues with federal structure is to ensure that states place a high priority on climate change policy. Requiring states to draft their own state action plan allows each state to focus on climate change as it affects them. For example, states with cities located on the coast may wish to implement policies that target improved infrastructure that protects against future flooding caused by global warming. Other states that receive a great deal of sunlight like Karnataka may choose to focus on solar power. In addition to making climate change a priority at the state level, the states must not rely on central funds. States must take