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Environment

The Environment and Union Budget 2023-24

The IMPRI Center for Environment, Climate Change, and Sustainable Development (CECCSD), IMPRI Impact and Policy Research Institute, New Delhi, organized a panel discussion on ‘The Environment and Union Budget 2023-24’ on 4th February 2023 under the IMPRI 3rd Annual Series of Thematic Deliberations and Analysis of Union Budget 2023-24. The discussion was organized under the #WebPolicyTalk series The State of the Environment- #PlanetTalks. The session was chaired by Mr Ashish Kothari, Founder-Member at Kalpavriksh, Pune and the moderator for the session was Dr Simi Mehta, CEO & Editorial Director, IMPRI.

Sustainable Environment & the Budget: Need for Consonance

The Union Budget 2023-24 is expected to be a barometer for the Central Government’s policy commitments toward the conservation of the environment and sustainable development. The public policy challenge for the government is how to strike a balance between economic growth and sustainable development, which are at variance due to the onslaught of climate change and its increasing economic costs. On the one hand, the government wants to achieve a $ 5 trillion economy by 2025 and $26 trillion by 2047; on the other, it has set a target of net-zero emissions by 2070. A balanced Budget that intertwines economic growth with inclusive and sustainable development for restoring the ecosystems is needed.