India Budget 2021 on Sustainability Environment
On 1st February 2020, Union Finance Minister Niramala Sitaraman presented the Union Budget for the year 2021-22 in the Lok Sabha. This post covers provisions of India Budget 2021 on Sustainability, Environment, Renewable Energy, Emissions & Climate Change
- The Union Budget for 2021-22 has laid a major focus on capturing the emerging energy transition trends — from Renewables to Hydrogen and even Smart Metering.
- An additional infusion of Rs 1,000 crore to SECI and Rs 1,500 crore to IREDA.
- A National Hydrogen Mission will be launched in 2021-22 for generating Hydrogen from green power sources.
- 100 more cities to be added in the next 3 years to the gas distribution network.
- According to the budget speech, exemption to all items of machinery, instruments, appliances, components or auxiliary equipment for setting up of solar power generation projects is being rescinded.
- Phased manufacturing plan for solar cells and solar panels to be notified
- Duty on solar inverters raised from 5% to 20%, and on solar lanterns from 5% to 15% to encourage domestic production
Ministry of New & Renewable Energy (MNRE)
- The allowance for the Ministry of New and Renewable Energy has stayed above ₹5,000 crores for the second consecutive year. This year, the allocation has been ₹5,753 crores to the ministry.
- The government would increase the capacity of renewables to 450 GW by 2030.
Ministry of Environment, Forest & Climate Change (MOEFCC)
- Budget 2022-23 allocated Rs 2869 crore for MOEFCC
- The total allocation for the five autonomous institutes under Ministry of Environment, Forest and Climate Change (MoEF&CC) has been reduced in the Union Budget 2021-2022.
- The bodies include:
- GB Pant Himalayan Institute of Environment and Development,
- Indian Council of Forestry Research and Education,
- Indian Institute of Forest Management,
- Indian Plywood Industries Research and Training Institute and
- Wildlife Institute of India.
- 100% electrification of Railways to be completed by 2023.
Agriculture & Allied Sectors:
- Agriculture infrastructure fund to be made available for APMCs for augmenting their infrastructure
- 1,000 more Mandis to be integrated into the E-NAM market place
- Five major fishing hubs, including Chennai, Kochi and Paradip, to be developed.
- A multipurpose seaweed park to be established in Tamil Nadu
- Rs. 2,217 crore to tackle air pollution, for 42 urban centers with a million-plus population.
- Voluntary vehicle scrapping policy to phase out old and unfit vehicles. Fitness tests in automated fitness centres:
- After 20 years in case of personal vehicles
- After 15 years in case of commercial vehicles
- Extention of Ujjwala Scheme to cover 1 crore more beneficiaries
- Recycling capacity of ports to be doubled by 2024
- India Budget 2021 on Sustainability related sectors – PIB
- India Budget 2021 on Sustainability related sectors: