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India proposes more than $12 billion of pollution-reducing incentives

India proposes more than $12 billion of pollution-reducing incentives

The incentives will cover emissions reduction equipment and EV infrastructure. India has proposed incentives worth 885 billion rupees ($12.4 billion) to encourage power plants to install equipment to curb emissions and to develop infrastructure for electric vehicles (EVs), according to a government statement. The bulk of the money, 835 billion rupees, would be aimed at curbing sulphur emissions from power plants, with the rest devoted to development of EV infrastructure in 70 cities over five years ending 2025, the statement said. The proposal by India’s power ministry to its finance commission is in addition to an existing proposal that […]

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