The finance minister used the words ‘green’, ‘clean’, ‘sustainable’ and ‘carbon-neutral’ economy multiple times in her 90-minute budget speech on Tuesday, underlining the importance the government is according to sustainability and decarbonisation goals.
As per the International Energy Agency, India was the third-largest polluter-nation with nearly 2.35 giga tonnes of carbon emissions in 2021, though one of the lowest on per capita basis. Further, considering India’s strong developmental agenda and growth aspirations, big policy initiatives and investments are crucial to achieve ‘net-zero’ target.
