Green Energy initiatives outlined in the interim budget 2024-25

 Towards achieving Net-Zero goal by 2070, several key initiatives in the green energy sector were outlines in the interim budget 2024-25:

• Provision of viability gap funding for the development of one GW of offshore wind energy capacity.
• Establishment of a coal gasification and liquefaction capacity of 100 Mt by 2030 to reduce imports of natural gas, methanol, and ammonia.
• Phased mandatory blending of Compressed Bio Gas (CBG) in CNG for transportation and piped natural gas for domestic needs.
• Financial assistance for the procurement of biomass aggregation machinery.
• Expanding and strengthening the Electric Vehicle (EV) ecosystem by supporting the manufacture of EVs and the development of charging infrastructure. The adoption of e-buses will be encouraged.
• Introduction of an innovative scheme for bio-manufacturing and bio-foundry, designed to provide environmentally friendly alternatives such as biodegradable polymers, bio-plastics, bio-pharmaceuticals, and bio-agri-inputs.