3 min read.Updated: 17 Mar 2016, 10:10 PM ISTLivemint
Low oil prices make it the right time to introduce a variable stabilizing carbon tax
The environment ministry’s special secretary, Susheel Kumar, said earlier this week that the Indian government is now looking to retrofit existing national action plans on climate change while building new ones. With the date of signing of the historic Paris climate change agreement in April approaching fast, and its ratification to follow soon, that’s good to hear. But the entire process will require care and finesse—particularly the groundwork for integration with the world’s networked carbon market.