Assam Cabinet Initiates First-Ever 'Green Budget'

The agenda is to incentivize privately steered carbon sequestration initiatives and foster climate persistence with the help of tribe and community involvement.

March 16, 2023. By EI News Network

Assam finance minister Ajanta Neog delivered the state's first-ever 'Green Budget' at the Assam Legislative Assembly during the ongoing budget session.

The decisions relating to the expansion of green power projects, the state government of Assam concluded to apply 7 green power projects in various districts which cover areas such as 70-MW Sonbeel Floating Solar Power Project, 100-MW Tezpur Agrivoltaic Project, 40-MW Golaghat Floating Solar Power Project, 200-MW Margherita Solar Power Project, 50-MW Lower Kopili Agrivoltaic Project, 60-MW Chandrapur PSP with Solar Power Project and 100-MW Batadrava Agrivoltaic Project.

During the budget session, Neog addressed the planning to initiate Chief Minister’s Green Initiative Incentive Scheme in the course of Assam's plan in applying India's ‘Panchamrit’ scheme for fighting climate change.

The agenda is to incentivize privately steered carbon sequestration initiatives and foster climate persistence with the help of tribe and community involvement.

The ways to compute the carbon emissions of a village and plan of action to put together the villages' net zero within a limited period will be ascertained.

Moreover, a Green Innovation Fund will be established with an allocation of INR 25 crores for nurturing research & development funds for Green Solutions and Alternatives Incubation Program tie-up with state agencies.

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Policies & Regulations

Assam Finance Minister

Green budget

Carbon sequestration initiatives