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Amarpreet Kaur

Union Finance Minister Nirmala Sitharaman announced on Tuesday that the government will develop a taxonomy for climate finance to enhance funding availability for climate change adaptation and greenhouse gas emission reduction.&nbsp;
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The move aims to support India's climate commitments and green transition, Sitharaman stated while presenting the 2024-25 Budget in the Lok Sabha.
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Additionally, the government plans to create a roadmap for transitioning hard-to-abate sectors, such as - Shipping, Aviation, Iron and steel, and Chemicals.
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From energy efficiency targets to emissions targets, this initiative will aid the above sectors reduce their carbon footprint and contributing to India's climate goals.

'-25':50 '2024':49 'a':14,62 'abate':69 'above':92 'adaptation':26 'additionally':56 'aid':90 'aims':34 'and':27,41,76,78,98 'announced':6 'as':72 'availability':22 'aviation':74 'budget':51 'carbon':96 'change':25 'chemicals':79 'climate':17,24,39,103 'commitments':40 'contributing':99 'create':61 'develop':13 'efficiency':82 'emission':30 'emissions':85 'energy':81 'enhance':20 'finance':2,18 'footprint':97 'for':16,23,64 'from':80 'funding':21 'gas':29 'goals':104 'government':11,58 'green':42 'greenhouse':28 'hard':67 'hard-to-abate':66 'in':52 'india':37,101 'initiative':88 'iron':75 'lok':54 'minister':3 'move':33 'nirmala':4 'on':7 'plans':59 'presenting':47 'reduce':94 'reduction':31 'roadmap':63 's':38,102 'sabha':55 'sectors':70,93 'shipping':73 'sitharaman':5,44 'stated':45 'steel':77 'such':71 'support':36 'targets':83,86 'taxonomy':15 'that':9 'the':10,32,48,53,57,91 'their':95 'this':87 'to':19,35,60,68,84,100 'transition':43 'transitioning':65 'tuesday':8 'union':1 'while':46 'will':12,89

New Delhi

India plans climate finance taxonomy in Budget 2024-25

'-25':9 '2024':8 'budget':7 'climate':3 'finance':4 'in':6 'india':1 'plans':2 'taxonomy':5

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India plans climate finance taxonomy in Budget 2024-25

News Arena Network - New Delhi - UPDATED: July 23, 2024, 12:57 PM - 2 min read

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India plans climate finance taxonomy in Budget 2024-25

News Arena Network.css-tak1o8-MuiTypography-root{margin:0;color:grey;} - New Delhi - UPDATED: July 23, 2024, 12:57 PM - 2 min read

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News Arena Network - New Delhi - UPDATED: July 23, 2024, 12:57 PM - 2 min read