Ranchi: Taking steps to realize only transitions, involves searching the use of fossil fuels and increasing dependence on renewable energy in the state, the Jharkhand government has signed a memorandum of understanding with the International Forum for Sustainability and Environmental Technology (I-Forest).
The MoU has a nod of the cabinet on January 19 paving the way for the initiative targeted and holding the hands of the main stakeholders in the country by experts from a fair transition to work in Jharkhand over the past few years.
“Working for the District Mineral Foundation (DMF), we developed an indicative model for five districts – Dhanbad, Bokaro, Ramgarh, Chatra and West Singhbhum – to help the district utilize the biggest affected funds in improving the lives of affected people.
Then on In 2020, we also claimed to work in the field of clean energy transitions, “he said, adding that under the MOU now, the funds available under the DMF will be used in ensuring a smooth transition from traditional energy sources to A study conducted by climate and scholar activists The University of British Columbia, Sandeep Pai, the local government in Jharkhand collected nearly Rs 800 Crore under the District Mineral Foundation (DMF) in 2020.
“DMF is a retribution on coal production which is collected directly by the government district and is intended to be used for projects Local projects to improve health, education and development p Edgeaan.
According to the DMF rules, the district government must collect 30% of DMF from royalties paid to the state government for coal mining operations before January 2015 and 10% for the operational afterwards.
The royalty itself is calculated based on coal prices, with high-quality coal producing higher prices.
These differences produce various districts that collect various funds under the DMF, “he said.
Agreed that large funds available under DMF are often underutilized, Banerjee said the potential DMF Fund is very large.” We have worked in various Jharkhand districts about DMF And we hope to continue work.
More than RS 7,600 Crore has increased in DMF in the state in recent years.
We are also working on the transition only in the state, “he said.
The official CEO of Chandra Bhushan expressed happiness on the signing of the MoU.” We are very pleased that the Jharkhand Government is interested in increasing the DMF implementation to benefit the mining affected community and improve socio-economic conditions from Mining district.
The government has shown interest in supporting a fair energy transition where we are ready to provide the best support, “he said.