FM emphasises the role of technology in fighting climate change

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Finance Minister Nirmala Sitharaman on Friday emphasised the role of technology in fighting climate change and called for international cooperation to increase the supply of alternative sources of energy and technologies.

The minister participated virtually in the G20 High-Level Tax Symposium on Tax Policy and climate change, organised by Italy ahead of the 3rd G20 Finance Ministers and Central Bank Governors Meeting.

Sitharaman highlighted that in India, fiscal policy options are used for better environmental outcomes and concessional tax rates are in place to promote the use of renewables, the finance ministry said in a series of tweets.

She also shared India’s innovative policy mix for better environmental outcomes, such as the new Energy Map of India; digital innovation and emerging fuels; the International Solar Alliance for enabling clean energy; and the promotion of energy efficiency and afforestation.

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