TERI proposes Rs 40,000 billion green stimulus

The Energy and Resources Institute (TERI) has proposed to revive the Indian economy by exploiting potential of around Rs 40,000 billion in clean energy projects over the next 10 years through government policy interventions but with minimum public spending.

TERI has suggested to incentivise cleaner transport, which has the investment potential of Rs 1,600 billion per annum. It suggested to subsidise fleet modernisation of existing vehicles to BS-VI, use of electric vehicles and provision of buses for public transport. It has also pitched for producing renewable energy from agricultural residues which have an investment potential of Rs 224.70 boillion per annum.