Post-budget webinar on Energy for Long-Term Growth
Post-budget webinar – Following the release of Finance Minister Smt. Nirmala Sitharaman’s Union Budget for the year 2022-2023, the government is hosting a series of webinars in a variety of key sectors to help with the efficient and timely implementation of the Union Budget 2022 announcements.
The main goal of the webinar is to discuss with professionals from the public and private sectors, academia, and business to come up with ideas for moving forward with various initiatives across various sectors.
As part of this series, the Sectoral Group on Resources, which includes the Ministries of Power, Petroleum & Natural Gas, New & Renewable Energy, Coal, Mines, External Affairs, and Environment, Forest & Climate Change, is hosting a Webinar on “Energy for Sustainable Growth” on March 4, 2022, at 10 a.m., to discuss the Government of India’s energy and resources initiatives announced in Budget 2022 and to elicit ideas and suggestions for implementation.
In keeping with the Panchamrit strategy stated by Hon’ble Prime Minister at COP 26, the Budget 2022 supports India’s energy transition journey by pursuing a low-carbon development approach. India would be able to meet its energy needs in a sustainable manner thanks to this plan.
PM to speak at Post-budget webinar
As a result, the budget proposed many short- and long-term actions, as stated below:
• EV vehicle promotion and special mobility zones with a zero-fossil-fuel policy are being promoted.
• Implementation of a battery switching strategy and the development of interoperability standards
• -Encouraging the private sector to establish creative and sustainable business models for “Battery or Energy as a Service.”
• -An extra Rs.19,500 crore has been allocated for the Production Linked Incentive for the manufacture of high-efficiency solar PV modules.
• establishing four pilot projects for coal gasification and coal conversion into chemicals needed by industry
• -Issuing sovereign Green Bonds in order to raise funds for green infrastructure.
• -Inclusion of Energy Storage Systems in the harmonised infrastructure list, which includes dense charging infrastructure and grid-scale battery systems.
• -Increased tariffs on unblended fuel to encourage ethanol blends
The webinar will have sessions on a variety of relevant topics and will feature government officials from various ministries and state governments, as well as industry leaders and other specialists.
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