Budget 2025: Ushering in a Greener Economy

Budget 2025 emphasizes "green growth" as a priority, addressing the impacts of global warming and poor air quality in India. A move towards a green economy can help mitigate climate change and environmental degradation, while also yielding benefits like energy security and job creation. The budget could set timetables for domestic carbon market operations and international trading of carbon credits. It can also offer tax benefits for profits from carbon credit creation through activities like regenerative agriculture and afforestation. Government support through green procurement and mandating the use of electric vehicles and green materials for government projects can further boost the green economy.

 

Source: outlookbusiness