Overview of India's 2024-25 Union Budget and Renewable Energy Initiatives
Tuesday, 23 July 2024, 06:42
India’s Renewable Energy Goals
The Government of India has set an ambitious target of achieving 500 GW of renewable energy by 2030, ensuring that 50% of installed power generation capacity comes from non-fossil fuel sources. This goal aligns with global sustainability initiatives.
Key Measures in the 2024-25 Budget
- Investment in Power Companies: Increased funding for power companies is a highlight of the 2024 Union Budget.
- Solar Scheme for 1 Crore Houses: A new solar scheme aims to provide renewable energy solutions to one crore households.
- Focus on Green Economy: The budget strongly emphasizes transitioning towards a greener economy.
Conclusion
The 2024-25 Union Budget represents a significant step for India in its pursuit of a sustainable future. The government’s commitment to renewable energy and electric vehicles underscores its dedication to reducing carbon emissions and fostering a green economy.
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.