Essential Steps Taken By Indian Economy to go Sustainable
November 22, 2024
News Column: India’s Government Advances Sustainable Initiatives and Eco-Friendly Partnerships
In 2024, the Indian government has significantly accelerated its efforts to address environmental challenges and foster sustainability through comprehensive policies and partnerships. Key initiatives outlined in the Union Budget 2024-25 signal a strategic pivot toward green growth, aligning with the nation’s commitment to achieving net-zero emissions by 2070. Measures such as viability gap funding for offshore wind energy, bio-manufacturing schemes for eco-friendly products, and expanded investments in green hydrogen and solar power have set a robust foundation for sustainable development.
The government’s focus on renewable energy continues with its support for rooftop solar systems and Advanced Ultra-Supercritical coal power plants, which promise reduced carbon emissions. Additionally, initiatives like mandatory biogas blending in fuel and increased allocations for urban sustainability projects, such as expanded metro systems and electric vehicle infrastructure, aim to reduce dependency on fossil fuels while promoting clean energy alternatives. Coastal and blue economy measures, including restoration programs and aquaculture development, underscore efforts to protect marine biodiversity and enhance climate resilience
In a landmark move, partnerships with industries and research institutions are being fostered to advance natural farming techniques, sustainable bio-economy practices, and energy-efficient manufacturing. These collaborations aim to balance economic growth with environmental stewardship, benefiting communities while bolstering India’s role in the global green economy
