“India’s COP26 commitments have received a major boost from a set of unprecedented ‘Green Growth’ elements proposed in Union Budget 2023.
The initiatives proposed directly align with the goals pledged by our Hon’ble Prime Minister at the Summit and this is probably the most significant step we have taken as a nation toward the mainstreaming of a climate-responsive agenda. As a result of this budget, we should see significant progress in our energy transition journey including, but not limited to, scaling up of bio-energy/ CBG and Green Hydrogen. In addition, a number of fiscal support measures have been announced for other critical Green Economy elements. Unprecedented measures to enhance natural capital creation, including biodiversity, sustainable farming, afforestation, eco-tourism, carbon stock management and sustainable agriculture, have also found a space in this budget.
In summary, today, the sustainability sector has much to celebrate. Sustainability has clearly taken center stage in the government’s development agenda, possibly for the very first time.”
