Budget 2025: Will Sitharaman ignite a green revolution in clean energy?
India Budget 2025: Climate change and human progress are intertwined, with energy serving as the critical link. Countries need energy not just to sustain their populations but also to fuel development and improve quality of life. However, this relentless pursuit of progress has led to the burning of fossil fuels, which accounts for 75% of global greenhouse gas emissions, as per a UN report. As the world grapples with this challenge, the spotlight turns to renewable energy as the key to sustainability.
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The upcoming Union Budget 2025 has the potential to catalyse India’s clean energy transition. Experts believe this is a critical moment to focus on renewable energy investments, carbon market development, and improved energy efficiency.
Budget 2025: The perfect time to act
Experts have emphasized the need for policy focus. «For emerging technologies like green hydrogen, fostering a supportive ecosystem is critical. Further, creating demand is key, as the sector is price sensitive,» Rahul Prithiani, Senior Director & Global Head of Energy and Sustainability at Crisil Intelligence, says. He highlights that the power sector—which will drive nearly 60% of investments—is pivotal to this transition.
India, which aspires to become a developed nation by 2047, requires substantial
