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Development Initiatives


Climate Change - Policy Framework

The present policy instruments of Government of India to various low carbon technologies and strategies constitute one of the strongest responses to global climate change by any developing country. The present policy framework to combat climate change includes:

 

  • Numerous fiscal and financial incentives to renewable energy projects such as accelerated depreciation, renewable portfolio standards, tax incentives, soft capital and R,D&D grants.
  • Incentives to energy efficiency projects and the upcoming energy efficiency trading scheme termed as ‘Perform, Achieve and Trade (PAT)’
  • Support instruments to promote solar energy projects to achieve a target of 20,000 MW by 2022 under National Solar Mission
  • Accelerated programme for restoration and regeneration of forest cover with enhanced funding support to forestry.


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