Net Zero by 2070: In Big Push for Green Growth, India Sets Aside Rs 35,000 Cr for Energy Transition in Budget
1 year, 10 months ago

Net Zero by 2070: In Big Push for Green Growth, India Sets Aside Rs 35,000 Cr for Energy Transition in Budget

News 18  

As the race to Net Zero gathers pace, India on Wednesday announced that it has set aside priority capital investment of Rs 35,000 crore towards energy transition as well as energy security. Reiterating the government’s commitment to climate action, Finance Minister Nirmala Sitharaman listed ‘Green Growth’ as one of the seven big priorities along with infrastructure and investment, financial sector, inclusive development as well as youth power, as she presented the annual budget in Parliament on Wednesday. “The government clearly identifies green growth as one of the pillars of development, announcing support measures for storage and renewable energy evacuation infrastructure. Green Credit, Sustainable Cities, Replacing Old Vehicles Among other things, the Budget also included the government’s plans to notify a Green Credit Programme under the Environment Act to incentivise environmentally sustainable and responsive actions by companies, individuals and local bodies.

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