India has stated that "green growth" is a top priority for the country, as it earmarks 350 billion rupees ($4.3bn, £3.5bn) to invest in the nation’s energy security and green transition.
In the announcement, Indian authorities included a focus on solar power from the Himalayan region of Ladakh and green hydrogen production.
“We are implementing many programmes for green fuel, green energy, green farming, green mobility, green buildings, and green equipment, and policies for efficient use of energy,” said finance minister Nirmala Sitharaman in her speech to Parliament.
“These green growth efforts help in reducing carbon intensity of the economy and provide for large-scale green job opportunities,” she added.
The minister said the cash injection will be channelled through the ministry of petroleum and natural gas to help India reach its goal of net-zero emissions by 2070.
The new funds form part of the government's $550bn (£447bn) budget aimed...