Environment
Budget

On a green drive, budget stops short of spelling out a clear road map on financing decarbonisation

On a green drive, budget stops short of spelling out a clear road map on financing decarbonisation
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Synopsis

The budget doesn’t fully answer the questions around the transition path to a net-zero economy and how to fund climate-change mitigation programmes. The budget announced a green credit programme but didn’t give specifics. It has made a start, but a lot more needs to be done outside of the budget, too.

By &
8 mins read,
This year’s Union budget seems to have a thing for the number 23, painted in green (no pun intended). A careful rewind of finance minister Nirmala Sitharaman’s budget speech will tell you why. For, she mentioned the word green 23 times while presenting the budget on February 1. ‘Green growth’ was one of the seven Saptarishis (guiding stars) that set out the government’s priorities in the budget. An impressive list, one would say. However, the

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