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Tagging of Climate Budget in Budgetary Process – EQ Mag

Tagging of Climate Budget in Budgetary Process – EQ Mag

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The Union Budget 2020-21 stated that India’s climate action will be executed in various sectors by the Departments/ Ministries concerned through the normal budgeting process. The successive Union Budgets have scaled up the efforts towards mobilizing resources for climate action. The Union Budget 2023-24 places greening the economy as one of the top seven priorities. The Budget indicated many programmes such as green fuel, green energy, green farming, green mobility, green buildings, and green equipment, and policies for efficient use of energy across various economic sectors.

India’s climate actions across various sectors are embedded in various programmes and schemes. The National Action Plan on Climate Change (NAPCC) provides the overarching framework for all climate actions and comprises missions in specific areas of solar energy, enhanced energy efficiency, sustainable habitat, water, sustaining Himalayan ecosystems, Green India, sustainable agriculture, human health and strategic knowledge for climate change. All these Missions are institutionalized and implemented by their respective nodal Ministries/Departments, including allocation of funds under their relevant schemes as a part of their annual budgetary allocations.

The pre-budget meetings are convened by the Ministry of Finance to consult various stakeholders including the Ministry of Environment, Forest and Climate Change for the annual budget exercise.

This information was given by Union Minister of State for Environment, Forest and Climate Change Shri Ashwini Kumar Choubey in a written reply in the Lok Sabha today.

Anand Gupta Editor - EQ Int'l Media Network