Issue Date: Jun 30, 2013
A special corpus was announced in the Union budget of 2010-2011 to finance research and innovation in clean energy. The National Clean Energy Fund (NCEF) was received with much applause. Research in clean energy is the need of the hour, said officials and policy makers. The fund was raised on the basis of the “polluter pays” principle, wherein a clean tax of Rs 50 was levied on each tonne of coal mined or imported. Three years later, it turns out NCEF was all pomp and no show. With Rs 8,200 crore in its kitty, NCEF is ill-utilised and directionless.