WHAT IS CARBON TAX?
Answer :
*The tax that is levied on the carbon content of fuels is called Carbon Tax. * So, in Carbon Tax, the burning of fossil fuels viz. coal,petroleum products such as gasoline and aviation fuel, and natural gas is taxed in proportion to their carbon content.
* The result is an increase in thecompetitiveness of non-carbon technologies compared to the traditional burning of fossil fuels.
* It directly helps to protect the environment while raising revenues.
Carbon Tax in India:-
*In July 2010, India also introduced a nationwide carbon tax of 50 rupees per metric tonne of coal both produced and imported into India.
* India's total coal production is estimated to be around 571.87 million tons in the year ending March, 2010.
* Apart from that India imports around 100 million tons of coal every year.
* Half of India's energy demand is fulfilled by coal only .
*The Carbon Tax was imposed with an expected raise of an amount 25 billion rupees for the financial year 2010-2011.
* This money would be used to establish and fund the National Clean Energy Fund (NCEF).
* Apart from that India imports around 100 million tons of coal every year.
* Half of India's energy demand is fulfilled by coal only .
*The Carbon Tax was imposed with an expected raise of an amount 25 billion rupees for the financial year 2010-2011.
* This money would be used to establish and fund the National Clean Energy Fund (NCEF).