Continuing a focussed approach towards prioritizing climate action and clean India, this Budget came up with a few good initiatives for propelling green economy.

1. INDIA UNION बजट 2022-23
BOOST TO
GREEN
ECONOMY ?
5 MAIN GREEN
TAKEAWAYS
By Pratima Pandey

3.  1

4. 
460 Cr for Control
of Pollution (NCAP
included)
300 Cr to
National
Afforestation
Programme
58 Cr for
Env
Education,
Awareness
Training
195 Cr to
National
Coastal
Mission
30 Cr to
Climate Action
Others
3030 Cr
– Allocation to
Union
Environment
Ministry
- Up by 5.6%
from 2021
Union Budget

5.  1

6. CHARGING INFRASTRUCTURE FOR ELECTRIC VEHICLES

Battery Swapping Policy to be laid out soon
• Overcome space constraints for EV charging stations
• Reduce time for charging of vehicle
Battery as a service
Private sector inclusion
Interoperability standards to be formulated
• Uniform standards for EV batteries

7.  1

8. PROMOTING SOLAR ENERGY

Out of committed 500 GW
of renewable energy (in
COP26), 280 GW is solar
Performance-linked
incentives (PLIs) of 19,500
Cr for manufacturing
high-efficiency solar PV
modules
2.6 GW in
March
2014
49 GW in
December
2021
280 GW
in 2030
(TARGET)

9.  1

10. PROMOTE ETHANOL BLENDING

Additional excise
duty of Rs 2 per litre
from October 1,
if unblended fuels
used (i.e., pure
and diesel)

11.  1

12. SOVEREIGN GREEN BONDS - PART OF GOVT
BORROWING

Debt instruments,
issued with a
pledge for
eco projects –
aimed at reducing
carbon intensity

13. INITIATIVES ANNOUNCED IN BUDGET 2021-22 THAT
CONTINUE…
National
Clean Air
Programme
(NCAP) –
FY 2019-24
• Reduction of air pollution
Voluntary
Vehicle
Scrapping
policy
• Automated fitness tests for …

14. INITIATIVES ANNOUNCED IN BUDGET 2021-22 THAT
CONTINUE…
Urban Swachh Bharat
Mission 2 – FY 2021–26 –
Rs. 14,678 Cr allocated
• Waste water and fecal sludge
management
• Single-use plastic reduction
• Construction and demolition waste
management
• Legacy dumpsites’ bioremediation
Allocation of Rs 4,000 Cr over 5
years for Deep Ocean Mission
towards biodiversity conservation
• Survey
• Exploration
• Projects

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