No Clear Allocation Of Funds For Green Growth, More Needs To Be Done For Clean Energy: Experts On Climate Budget 2024

Budget 2024: Experts explained that certain expectations such as the introduction of input tax credit for green fuel usage, and the provision of subsidised loans for green technologies remained unmet.

Budget 2024: Experts believe that in this year's budget, there is no clear allocation of funds for green growth, harnessing wind energy, the electric vehicle ecosystem, and rooftop solarisation, among other climate announcements.

Source : Getty

Budget 2024: The interim budget for the financial year 2024-25 focused on several climate initiatives. These include green energy initiatives to ensure a net-zero economy by 2070, programmes to enhance the electric vehicle ecosystem, bio-manufacturing and bio-foundry schemes, promoting climate-resilient activities for blue economy 2.0, and sustainable development. Finance minister Nirmala Sitharaman spoke about viability gap funding for harnessing offshore wind energy potential, a scheme for