ABSTRACT
The state's responsibility with regard to environmental protection has been laid down under article 48-A of our constitution which stated that "The states shall endeavor to protect and improve the environment and to safeguard the forest and wildlife of the country". During this year's budget, the finance minister announced that the government will implement several programmed for green fuel, green farming, green mobility, green building, and green equipment, and policies for efficient use of energy across various economic sectors. The finance minister also said that these green growth efforts help in reducing carbon intensity of the economy and provide for large-scale green job opportunities. The Government will promote their unique conservation values through Amrit Dharohar. This scheme will be implemented over the next three years to encourage optimal use of wetlands and enhance bio-diversity, carbon stock, eco-tourism opportunities and income generation for local communities. PM-PRANAM, which stands for "PM Programme for Restoration, Awareness, Nourishment and Amelioration of Mother Earth", will be launched to incentivize states and union territories. The scheme will also promote alternative fertilizers and balanced use of chemical fertilizers. The highlights of the current budget 2023-24 has allocated Rs 3,079.40 crore to the Ministry of Environment, Forest and Climate Change, which is a 24 per cent increase from last year’s Rs 2,478 crore.
In this backdrop, the present study an attempt to analyse the Budget 2023 What are the Centre’s initiatives for ‘Green Growth’ and Energy Transition? And actions plan to integrate the economic growth and environmental quality.
REFERENCES
- Union Budget 2023-24 National Portal of India