Budget: Energy transition gets fund boost, green growth key economic driver

The Centre has entrusted the oil ministry, which naturally has the highest fossil-fuel footprint, to steer the energy transition of the country

Making green growth the key component of Amrit Kaal is the Bharatiya Janata Party-ruled central government’s vision for the coming 25 years.

Union Finance Minister Nirmala Sitharaman on February 1 announced a slew of policies for the green economy. In line with the country’s Net Zero 2070 target and allied climate goals, the Union Budget gave a push to a green industrial and economic transition.

A record high budgetary grant went to energy transition, which would be a key driver in reducing carbon emission and leap towards green fuels and green energy sources.

“This Budget provides Rs 35,000 crore for