Nirmala Sitharaman Calls For International Cooperation For Raising Supply of Alternative Energy Sources
“Sitharaman also shared India’s innovative policy mix for better environmental outcomes such as new energy map of India, digital innovation and emerging fuels, international solar alliance for enabling clean energy, promotion of energy efficiency and afforestation,” the finance ministry said in a Twitter post Friday.
Finance minister Nirmala Sitharaman called for international cooperation to increase supply of alternative source of energy and technologies for adaptation at the G20 High-Level Tax Symposium on Tax Policy and Climate Change held Friday.
Speaking at the virtual session, she highlighted that India was using fiscal policy options for better environmental outcomes and concessional tax rates have been introduced to promote use of renewables.
“Sitharaman also shared India’s innovative policy mix for better environmental outcomes such as new energy map of India, digital innovation and emerging fuels, international solar alliance for enabling clean energy, promotion of energy efficiency and afforestation,” the finance ministry said in a Twitter post Friday.
She emphasised on the role of technology in fighting climate change.
The high level symposium was held ahead of the third G20 finance ministers and central bank governors meeting which is taking place in Venice during July 9-10.
Global tax reform will be the top of the agenda for the G20 finance ministers and central bankers as the world’s leading economies have agreed to levy a minimum global tax of 15%, while ensuring that multinational companies pay their fair share of tax.
The minimum rate of tax, agreed upon by 131 countries on July 1, is one of the two pillar of global tax reform which has been under negotiations for years.
Source : economictimes
