Bhubaneswar, May 8 Low carbon industrial development project has been taken up in Odisha under the joint collaboration of UKFCO under its Prosperity Fund India, IPICOL, Odisha, and Confederation of Indian industries (CII). UNI | 3 months ago

Official sources here said the state after due considerations and analysis of national as well as international policies will adopt fiscal instruments for promoting low carbon industrial development.

A workshop in this regard was deliberated here today in which a number of fiscal instruments like low carbon refunding scheme, incentive for low carbon, increasing waste recycling, incentive for waste heat recovery, adoption of renewable energy, incentives for green buildings were short-listed. Addressing the workshop, Chief Secretary Jugal Kishore Mohapatra said people who pollute and people who bear the effect of pollution were not always same.

There is always a divergence between individual cost benefit and social cost benefit, he said adding that this divergence needs to be balanced, and, individual and social cost benefit should be aligned through introduction of fiscal instruments like taxation and subsidy. Additional Chief Secretary Finance U N Behera said Green House Emission (GHE) has already caused warning for future course of development. He said though per capita GHE in India is far low(around 1.18 tonnes) against other developed countries like US where the per capita GHE is around 20 tonnes, still India has adopted the principles of reducing GHE. The Odisha government, Mr Behera said, has already initiated actions on this direction.

(Posted on 09-05-2014)