Finance Minister Nirmala Sitharaman today participated virtually in the G20 High-Level Tax Symposium on tax policy and Climate Change. The Symposium was organised by G20 Italy, ahead of the 3rd G20 Finance Ministers and Central Bank Governors Meeting.
Speaking on the occasion, Ms Sitharaman highlighted that in India, fiscal policy options are used for better environmental outcomes and concessional tax rates are in place to promote use of renewables. She shared India’s innovative policy mix for better environmental outcomes such as new energy map of India, digital innovation and emerging fuels, solar alliance for enabling clean energy, promotion of energy efficiency and afforestation.
The Minister emphasised on the role of technology in fighting Climate Change and called for international cooperation to increase supply of alternative sources of energy and technologies for adaptation.