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Energy Credit Cards and Incentives for Energy Growth in India


Affiliations
1 Institute of Environment and Sustainable Development, Banaras Hindu University, Varanasi 221 005, India
 

The energy sector in India is undergoing a major transformation and economy uplift by opting for renewable energy sources. Presently, 36 GW renewable energy generation (REG) plants are installed with 175 GW expansions by 2022. Incentives/taxes have contributed in accelerating energy growth worldwide. An integrated energy credit card (ECC) is proposed as a positive force for policy reinforcement in India to achieve REG growth. The ECC will accumulate eco-credits as R&D incentives, biofuel usage incentives, CO2 taxes on fossil fuel emissions and the credit points may be utilized for payment of bills/taxes towards amenities paralleled with reduction in CO2 emissions.

Keywords

Energy Credit Card, Incentives and Taxes, Policy Reinforcement, Renewable Energy Generation.
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  • Energy Credit Cards and Incentives for Energy Growth in India

Abstract Views: 447  |  PDF Views: 147

Authors

Lakshmi Pathak
Institute of Environment and Sustainable Development, Banaras Hindu University, Varanasi 221 005, India
Kavita Shah
Institute of Environment and Sustainable Development, Banaras Hindu University, Varanasi 221 005, India

Abstract


The energy sector in India is undergoing a major transformation and economy uplift by opting for renewable energy sources. Presently, 36 GW renewable energy generation (REG) plants are installed with 175 GW expansions by 2022. Incentives/taxes have contributed in accelerating energy growth worldwide. An integrated energy credit card (ECC) is proposed as a positive force for policy reinforcement in India to achieve REG growth. The ECC will accumulate eco-credits as R&D incentives, biofuel usage incentives, CO2 taxes on fossil fuel emissions and the credit points may be utilized for payment of bills/taxes towards amenities paralleled with reduction in CO2 emissions.

Keywords


Energy Credit Card, Incentives and Taxes, Policy Reinforcement, Renewable Energy Generation.

References





DOI: https://doi.org/10.18520/cs%2Fv117%2Fi9%2F1441-1448