Chennai:
As TN aims for aggressive growth
path and huge investments on development under Vision 2023, levying of green
cess on power generation, cess on waste disposal and taxes on polluting
vehicles are suggested to cut down on carbon emissions.
The report ‘Fiscal Instruments for
Low Carbon Investment And Industrial Development in Tamil Nadu’, which was
launched by Lord Mayor of London David Wooton, suggests levying of green cess
on producers of power to create funds for promoting non-conventional energy.
The director of Madras School of
Economics Prof Shanmugham said that the report also suggested cess on waste disposal
and subsidy for co-incineration of waste in cement plants. The report said that
cement sector contributes 66 per cent of total emissions within the industry
sector.
It also suggested cess on waste
disposal like used tyres, coal ash, waste plastic etc by local government so as
to divert them to cement plants. It also stressed the need for subsidies to
cement plants for installation of specialized waste incinerators.
The report also suggested reduced
value added tax on installation of energy saving materials besides rebate on
property tax for green buildings.
The report also suggested levying
of congestion tax in specific areas where vehicle density is highest besides
revision of existing green tax on old vehicles.
K S Venkatagiri, CII Sohrabji
Godrej Green Business said the final report will be submitted on December 2012.
Box: Carbon Footprints for Tamil
Nadu:
• Total Emission: 111.86 million
tons
• Major contributors:
Energy-75%;
Industry-16%
Waste-2% 
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