Friday, 17 August 2012

Investments and Projects

The G20 Finance Minister recently said that, around 550 billion dollars has been allocated an investment of energy to fossil fuel industry. Many people think that global environmental problems such as global warming and climate change will reduce the capital allocated for this sector. But it is false. For the past couple of years at a total investment has increased dramatically. The G20 summit held in Pittsburgh recently, President of the United States plans to phase out investments in energy and other benefits to the industry, fossil fuel, which was welcomed by a number of respectable people.

National Solar Mission will be established to assist in the promotion of solar energy infrastructure projects in India. This is intended to be used to intensify the energy efficiency of the marketing methods used by many. Department of Energy has received government subsidies and grants are designed to develop the project through tax incentives or premiums or tax benefits. For the development and use of the subsidies and tax incentives are offered to the electric distribution companies and equipment manufacturers, respectively. Financial advice to costumers who have taken special efforts to develop clean technologies. Plans are implemented by the government to provide solar lighting systems, which is useful for the poor.



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