The Union Budget 2024 introduced a comprehensive plan under the theme of "Green Growth" aimed at achieving India's ambitious Net-Zero target by the year 2050. This commitment aligns with India’s broader climate goals and international agreements on reducing greenhouse gas emissions.
Key Features of the Green Growth Plan:
- Promotion of renewable energy sources such as solar, wind, and bioenergy.
- Investments in green infrastructure and sustainable transportation.
- Incentives for clean technology adoption across industries.
- Encouragement of carbon capture and storage technologies.
- Focus on energy efficiency and reducing carbon footprint in agriculture, manufacturing, and urban development.
Achieving net-zero emissions by 2050 means India aims to balance the amount of greenhouse gases emitted with the amount removed from the atmosphere, thereby mitigating the impacts of climate change.
Conclusion:
The correct answer is 2050, the target year set by India in the Union Budget 2024 for achieving net-zero carbon emissions under the Green Growth initiative.