Green Energy Sector Push for Job Creation in India: Budget 2025 Expectations
Key Ideas
  • Renewables sector seeks budgetary focus on green energy to create jobs and achieve clean energy goals.
  • Specialists emphasize the need for vocational training in new areas like EV maintenance and rooftop solar ecosystems.
  • Calls for government intervention in pricing and policy to make green hydrogen competitive with fossil fuels.
  • Expectations for Budget 2025 include tax incentives, simplified rules, and subsidies to encourage environmentally friendly initiatives.
The renewables sector in India is advocating for a 'two birds with one stone' strategy in the upcoming budget, aiming to create jobs while advancing the green energy sector. There are calls for a continued focus on green energy beyond previous initiatives, like the Green Hydrogen Mission. The sector emphasizes the importance of budgetary support for vocational training in emerging fields such as electric vehicle maintenance and rooftop solar ecosystems. Government intervention in pricing and policies is deemed crucial to make green hydrogen competitive with fossil fuels, including subsidies and tax incentives. Furthermore, demands include revising schemes like PLI based on production, facilitating funding for electrolysers, and establishing standards for green hydrogen transportation and storage. Expectations for Budget 2025 revolve around clarifying the energy transition policy, introducing tax incentives, simplified rules, and subsidies to promote environmentally friendly investments. The renewables sector views Budget 2025 as a potential catalyst for the country's transition towards net carbon neutrality by 2070.
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