Budget Expectations - Sustainable Energy Sector

The Interim Budget 2024 was announced in February 2024. It was an inclusive budget focusing on all the major sectors of the economy. In the Interim Budget, the government highlighted environment protection and green energy sectors to lead to a Vikasit Bharat by 2047.

Most nations are focusing on achieving a net zero carbon emission milestone. In that direction, our government has introduced low carbon/clean energy interventions, including the "Rooftop solarization" scheme offering free electricity, enhancing offshore wind energy, coal gasification, compressed bio-gas, biomanufacturing, and bio foundry to produce bio-degradable environmentally friendly polymers and products, scale up plans for electric vehicles and charging infrastructure for the clean environment, etc. The government also focuses on expanding the use of more electric buses for public transport, leading to significant investments in the electric vehicle sector. Green Growth is one of the top priorities of the Modi-led Government.