By Sanjeev Sabhlock – Re-Blogged From Times of India
The Modi government has been shovelling scarce taxpayer resources into solar energy, with a further $6.5 billion promised till 2022. This is over and above indirect subsidies that people pay through higher electricity bills because of renewable energy certificates. And while Donald Trump did the right thing by walking out of the Paris Agreement, Mr Modi unthinkingly remains committed to it and Niti Ayog has been touting subsidised electric vehicles.
Our party disagrees with this approach. First, because we oppose subsidies for any industry. But second, because we believe there is a strong case to impose Pigovian taxes on solar energy given the economic and environmental harm it causes.