Reforming Energy Policy in India
Author | : Ian W.H. Parry |
Publisher | : International Monetary Fund |
Total Pages | : 51 |
Release | : 2017-05-03 |
ISBN-10 | : 9781475595734 |
ISBN-13 | : 1475595735 |
Rating | : 4/5 (34 Downloads) |
Download or read book Reforming Energy Policy in India written by Ian W.H. Parry and published by International Monetary Fund. This book was released on 2017-05-03 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: Spreadsheet models are used to assess the environmental, fiscal, economic, and incidence effects of a wide range of options for reducing fossil fuel use in India. Among the most effective options is ramping up the existing coal tax. Annually increasing the tax by INR 150 ($2.25) per ton of coal from 2017 to 2030 avoids over 270,000 air pollution deaths, raises revenue of 1 percent of GDP in 2030, reduces CO2 emissions 12 percent, and generates net economic benefits of approximately 1 percent of GDP. The policy is mildly progressive and (at least initially) imposes a relatively modest cost burden on industries.