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  • Budget Announcement 2024-25 from Shailly Kedia, Senior Fellow, TERI and Curator of World Sustainable Development Summit

    Published on February 2, 2024

     “The government has continued to expand the mandate for green growth. It is encouraging to see allocations and green initiatives such as bio-manufacturing, bio-foundry, climate resilient blue economy, electric mobility and focus on clean energy including offshore wind energy. According to Demand No. 28, budget estimates for Ministry of Environment, Forests and Climate Change (MOEFCC) are INR 3265 crores. This is less than 0.07% of the total expenditure FY 2024-25. The expanding mandate for environment and climate change in India also needs to be reflected through increase in allocation the MOEFCC. Statement 12 and Statement 13 in the Union Budget are on Gender Budget and Child Budgeting respectively. To give further impetus on environmental goals and equity, Union budgeting should include Green Budgeting as the third pillar of issue-based budgeting processes. If not a dedicated statement, a green tagging process as stated in the Union Budget 2020-21 should start.”

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