Consider the statements regarding National Clean Energy Fund NCEF 1 It was created out of cess on co...........

Environment and Ecology Sustainable Development

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Consider the statements regarding National Clean Energy Fund (NCEF):

1. It was created out of cess on coal.

2. The fund also extends financial support to gas-based power projects.

Which of the statements given above is/are correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

Statement 1 is correct - The NCEF was created out of cess on coal at ?400 per tonne to provide financial support to clean energy initiatives and an Inter Ministerial Group chaired by the Finance Secretary was constituted to approve the project/schemes eligible for financing under NCEF. Statement 2 is incorrect - t recommended that financial support be extended to gas-based power projects from the NCEF. The Ministry of Power should pursue this matter with the Ministry of Finance, said the panel.