The interim Budget presented in the aftermath of the Lok Sabha elections in India showcased a significant focus on green energy initiatives despite the constraints of being an interim budget. Key highlights included allocating funds towards the National Green Hydrogen Fund and increasing the budget for solar power projects, reflecting a commitment towards achieving 'net zero' by 2070 and boosting renewable energy generation capacity. Following the elections, the upcoming union Budget for FY 2024-25 is anticipated to further emphasize the energy and renewables sector, aligning with India's goals under the Paris Agreement to increase renewable energy capacity to 500 GW by 2030. However, challenges such as import dependency for raw materials and components pose hurdles in meeting these targets, calling for incentives to promote indigenous development and local manufacturing. Industry stakeholders have been vocal in advocating for measures like GST reduction for solar modules, innovative financing models, and extensions in waivers to facilitate investment in renewable energy projects. Additionally, calls have been made to support the biogas sector with funds for promoting organic fertilizers. Overall, the positive sentiment towards green energy initiatives in the budget reflects a proactive approach towards sustainable development, with a strong emphasis on incentivizing investments, reducing production costs, and fostering an environment conducive for the growth of renewable energy sources.