With the Union Budget 2023-24 to be presented in Parliament on February 1, experts at The Energy and Resources Institute (TERI) suggested a host of measures, including Green Budgeting and Green Fund, that will aid build in the concepts of sustainable development, climate resilience, and just transition into the core of the annual budget.

Dr Vibha Dhawan, Director General, TERI, pointed out that the Budget 2023 will be the first to be presented since India announced the Long-Term Low Emission Development Strategies (LT-LEDS) to achieve the net zero emission goals by 2070. “It is imperative that the vision of long-term transition is embedded in the annual budgets, as the fiscal policy not only alters incentive structure for consumer and producer choices, but it also sends a strong signal to the private sector for technology adoption,” she said.