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In News
- Recently the Ministry of Finance listed priorities for Green Growth in the Budget submission for 2022-2023.
Key Takeaways:
- The Union ministry has listed a series of seven initiatives from green hydrogen to mangroves protection to green credit to replacement of polluting vehicles.
- These principles complement each other and act as the ‘Saptarishi’ guiding India through the Amrit Kaal.
- Previously, the Prime Minister has given a vision for “LiFE”, or Lifestyle for Environment, to spur a movement of environmentally conscious lifestyle.
- India was moving towards the ‘panchamrit’ and net-zero carbon emission by 2070 to usher in green industrial and economic transition.
Push for Green Growth:
Schemes |
Important features |
Green Hydrogen Mission |
|
Energy Transition |
|
Renewable Energy Evacuation |
|
Green Credit Programme |
|
PM-PRANAM |
|
GOBARdhan scheme |
|
Bhartiya Prakritik Kheti Bio-Input Resource Centres
|
|
MISHTI |
|
Amrit Dharohar |
|
Coastal Shipping |
|
Way ahead
- Green growth is crucial for India as it offers a pathway for sustainable economic development while preserving the environment.
- In India, green growth can address challenges such as air pollution, water scarcity, and climate change. Adopting green growth strategies can increase the use of renewable energy, promote resource efficiency, and support sustainable agriculture, resulting in a more inclusive and sustainable development.
- The shift towards green growth can also create new job opportunities in the fields of renewable energy and sustainable agriculture. Overall, green growth is essential for India’s economic and environmental well-being.
Source: IE
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