Union Budget 2024-25: Boost for renewable energy, emphasis on EV infrastructure
India, Feb. 1 -- MoEFCC and MNRE see hike in budgetary allocation; 10 million houses to be brought under rooftop solar scheme
India's Finance Minister Nirmala Sitharaman presented the interim Budget 2024-25 on February 1, 2024. Presented in an election year, the budget was restrained, avoiding any high-flown announcements. However, there were several noteworthy allocations and targets relevant to the climate and energy sectors.
Here are some of the takeaways on energy, climate, and the environment from the budget.
* Rs 10,000 crore in 2024-25 for grid-based solar power scheme, compared to Rs 4,757 crore in 2023-24, as per revised estimates.
* Wind power was allocated Rs 930 crore in 2024-25 compared to Rs 916 crore in 2023-24.
* Roof...
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