India's Union Budget 2025: Roadmap to Net Zero by 2070 with Emphasis on Green Transition
Key Ideas
- India aims to achieve net zero emissions by 2070, emphasizing the importance of a green transition for sustainable development.
- The Union Budget allocates significant funds towards renewable energy, with a focus on reducing fossil fuel reliance and achieving 500 GW of non-fossil energy capacity by 2030.
- Initiatives like PM Surya Ghar and PM-KUSUM schemes encourage the adoption of solar power in households and agricultural activities, promoting clean energy and reducing emissions.
- The budget also supports the electrification of transportation, with measures to boost EV battery manufacturing, make EVs more accessible, and create employment opportunities while reducing carbon footprints.
The Union Budget of India for the fiscal year 2025-26 aims at paving the way for achieving net zero emissions by 2070 through a green transition. With a focus on balancing economic growth and environmental conservation, Finance Minister Nirmala Sitharaman's proposal addresses the need for sustainable development. The budget emphasizes clean energy, earmarking Rs 26,549 crore for the renewable energy sector to reduce fossil fuel dependency and achieve 500 GW of non-fossil energy capacity by 2030.
The budget introduces initiatives like the PM Surya Ghar and PM-KUSUM schemes to promote solar power adoption in households and agriculture, reducing emissions and reliance on fossil fuels. Additionally, the budget supports the electrification of transportation by facilitating EV battery manufacturing and making electric vehicles more accessible and affordable, aiming to increase their market share and create employment opportunities.
Furthermore, the budget allocates funds towards nuclear power, with a focus on Small Modular Reactors (SMRs) that are essential for carbon-free energy production. The government targets 100 GW of atomic power capacity by 2047, aiming to bolster energy security and meet the net-zero goal. These steps highlight India's commitment to a green future and sustainable development, emphasizing the importance of a swift and inclusive transition towards environmental conservation and clean energy.
Topics
India
Renewable Energy
Energy Security
Sustainability
Electric Vehicles
Clean Technology
Economic Growth
Environmental Conservation
Nuclear Power
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