In Union Budget 2023, Finance Minister Nirmala Sitharaman has announced a focus on green growth efforts to reduce carbon intensity in the economy and create employment. The government will launch the Atmanirbhar Clean Plant Programme to improve availability of disease-free quality planting material for high-value horticultural crops with an outlay of Rs 2,200 crore. Additionally, Rs 19,700 crores have been allocated for the National Green Hydrogen Mission and Rs 20,700 crores for renewable energy plan in Ladakh. These green growth efforts will help meet India’s net zero targets and provide job opportunities. The budget also includes Rs 35,000 crores for Energy Transition to prioritize net zero commitments and 4000 MWh for BESS to support the sector. These announcements are part of the government’s commitment to climate action and will help decarbonise the Indian economy.
The restructuring capability of blockchain and the concept of carbon credits.
Blockchain technology is being used to create a more transparent and efficient carbon credits market. The global carbon credit market...