Daily News Wrap-Up: Union Budget 2023 Focuses on Green Energy Transition
Green Energy Open Access Rules amended to align with regulations
February 2, 2023
Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights
The Union Finance Minister Nirmala Sitharaman laid out an expansive budgetary outlay for expediting green transition as she identified ‘Green Growth’ as one of the seven pillars for Budget 2023. The budget proposed capital investments of ₹350 billion (~$4.28 billion) for green energy transition, net-zero objectives, and energy security. Additionally, it extended the Basic Customs Duty exemptions on several items, including lithium-ion batteries for electric vehicles, to help scale up the adoption of green mobility.