Exploring the Major Sustainability and Energy Initiatives in India's 2024 Union Budget
Monday, 22 July 2024, 05:41
Introduction
The Indian government has unveiled its 2024 Union Budget, highlighting a range of initiatives aimed at promoting sustainability and renewable energy.
Key Initiatives
- Rooftop Solar: Significant investments will be made to increase rooftop solar installations across the country.
- Electric Vehicles: The budget focuses on accelerating the adoption of EVs to support cleaner transportation.
- Offshore Wind Energy: Plans to develop offshore wind farms are central to the energy strategy.
- Green Hydrogen: Investment in green hydrogen technology is a priority for energy transition.
- Coal Gasification: Initiatives will also aim to enhance coal gasification processes.
- Biomass: The promotion of biomass energy is included to diversify energy sources.
Research and Development
R&D funding will be significantly increased to foster innovation in renewable technologies.
Conclusion
The initiatives outlined in the 2024 Union Budget signify India’s commitment to transitioning towards a sustainable energy future while addressing economic growth.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.