Union Budget 2023 Expectations: Need to focus on eco-friendly lifestyle in the budget

[ad_1]

New Delhi : Finance Minister Nirmala Sitharaman will present the budget in the Lok Sabha on February 1. It is expected that in this year’s full budget, the government will emphasize on environmental protection for the lifestyle of the people of India, because carbon emissions are proving dangerous for environmental protection. According to a report, if every citizen of India cuts carbon emissions by even 10 percent, then our country can reduce about 266 million tonnes of carbon emissions annually, which will be about 10.2 percent less than the annual carbon emissions.

Adopting a healthy lifestyle is the main challenge

Adopting an eco-friendly healthy lifestyle is the main challenge for the people and government of our country. Awareness gaps are clearly visible along with lack of regulation and mandate at the government level to set eco-friendly lifestyles. Framing of rules by the government to fix the limit per household and business and to impose fines on setting the limit is an important issue on which the government will have to focus its attention.

Mass movement needed to reduce carbon emissions

According to a report, India came up with updated targets for its Nationally Determined Contributions (NDCs) in August 2022. The goals of the updated NDC include promoting a healthy and sustainable way of living. It includes measures to combat environmental change for lifestyle. Earlier, a concept for Life (LiFE) was introduced by Prime Minister Narendra Modi in Glasgow in November 2021, calling upon the global community for individuals and institutions to make Life an international concept to protect and preserve the environment. Run as a mass movement.

Annual carbon emissions 1.9 metric tons

According to the report, India has a population of 1.4 billion, with an average annual per capita carbon emission of 1.9 metric tonnes. If every citizen cuts their emissions by 10 per cent, our country can cut carbon emissions by about 226 million tonnes annually, which would be equivalent to cutting about 10.2 per cent of India’s annual carbon emissions. Explain that due to the lockdown and other restrictions in the Corona epidemic, in the year 2020, about 6.5 percent reduction in carbon emissions was recorded. Apart from this, in the year 2021, it has increased to a record high level of 11 percent. The report states that adopting a sustainable lifestyle can cut carbon emissions year-on-year in India.

Challenges of adopting an eco-friendly lifestyle

On paper, people want to reduce personal carbon emissions, but there are many obstacles in implementing it, which create obstacles in the direction of environmental protection.

• lack of awareness

• It is very difficult to adopt a sustainable lifestyle without any incentives

• Reducing the use of appliances for an eco-friendly lifestyle

• Lack of regulation and mandate to set limits per household and per business and impose cross-border fines

encourage businesses and citizens

The people of India expect what the government will present in its annual budget. New financial year is about to start. In his address, the Finance Minister discusses topics like income tax and other programs sector-wise. Decarbonization, energy transition and renewable energy are expected to be announced in the main subjects of the Union Budget 2023-24. Similarly, in this year’s budget for corporates and salaried households, if the government provides personal and corporate tax exemptions and provides an option to file carbon footprint along with IT returns and claim tax exemptions, it will definitely help. can drive a mass movement to reduce emissions from

Public Awareness and Education

The education policy should strictly implement the education program in schools and universities in a stable manner, so that the new generation is prepared before entering the corporate world and adopt ‘Life’. There are many startups that can partner with government schools and colleges to raise awareness and educate the public about climate change.

Policy for Voluntary Carbon Emission Reductions

The government should define policies and standards for verification and issuance of carbon credits, which once generated can be traded on the exchange. This will encourage greater participation of investors to invest in green projects to generate more carbon credits, which can then be traded or used to reduce emissions.

[ad_2]

Source link