{"id":225286,"date":"2023-02-06T19:02:35","date_gmt":"2023-02-06T13:32:35","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=225286"},"modified":"2023-02-20T14:28:09","modified_gmt":"2023-02-20T08:58:09","slug":"green-growth-push-new-initiatives-have-long-term-potential","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/green-growth-push-new-initiatives-have-long-term-potential\/","title":{"rendered":"Green growth push – New initiatives have long-term potential"},"content":{"rendered":"\n

Source<\/strong>: The post is based on the article\u00a0\u201cGreen growth push – New initiatives have long-term potential\u201d <\/strong>published in the Business Standard <\/b>on 6th February 2023<\/b>.<\/p>\n

Syllabus<\/strong>: GS 3 \u2013 Environment and Bio-diversity Conservation.<\/p>\n

Relevance<\/strong>: About the green growth push in the Budget 2023-24.<\/p>\n

News<\/strong>: The Union Budget has focussed on many green growth push initiatives that can lead to an environmentally conscious lifestyle.<\/p>\n

What are the initiatives in the budget that focus on the green growth push?<\/strong><\/h2>\n

Green growth has been listed among the seven priorities of the Budget for 2023-24.<\/p>\n\n\n\n
Read more: Major thrust planned for green energy<\/a><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The other initiatives include a)<\/strong> incentivising the use of green hydrogen and biofuels; b)<\/strong> conserving natural ecological safeguards like mangroves and wetlands; c)<\/strong> introducing concepts like green credit; and d)<\/strong> striving for an appreciable reduction in sources of pollution through measures like replacing polluting vehicles with non-polluting ones and chemical fertilisers with organic manures.<\/p>\n

What is the rationale behind the announced green growth push initiatives in the Budget?<\/strong><\/h2>\n\n\n\n
Read here: Going green – The Budget can help India transition out of its dependence on fossil fuels<\/a><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

-The bulk of the Energy Transition Fund would be at the disposal of the oil-marketing companies to enable them to switch to new and renewable sources of energy.<\/p>\n

-The allocation of funds for the National Green Hydrogen Mission is expected to make India a net exporter of green hydrogen.<\/p>\n

What are the advantages of the government’s green growth push?<\/strong><\/h2>\n

The government’s heavy expenses will be paid back sooner and have the potential to pay lasting dividends. For instance, in the solar-energy sector, the payback time in the case of alternative sources of energy is rapidly shrinking due to the constant inflow of cost-effective and more efficient technologies.<\/p>\n","protected":false},"excerpt":{"rendered":"

Source: The post is based on the article\u00a0\u201cGreen growth push – New initiatives have long-term potential\u201d published in the Business Standard on 6th February 2023. Syllabus: GS 3 \u2013 Environment and Bio-diversity Conservation. Relevance: About the green growth push in the Budget 2023-24. News: The Union Budget has focussed on many green growth push initiatives… Continue reading Green growth push – New initiatives have long-term potential<\/span><\/a><\/p>\n","protected":false},"author":10311,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[10503,216],"class_list":["post-225286","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-business-standard","tag-gs-paper-3","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/225286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10311"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=225286"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/225286\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=225286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=225286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=225286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}