Puducherry Green Budget 2023-24

Dr Shailly Kedia, Palak Khanna, Sagaya Alfred, Kalamegam K, Balaji T

The Green Budget Report of the Union Territory of Puducherry for FY 2022-23 (baseline year) and FY 2023-2024 is a comprehensive document that outlines the green budget allocation, highlights sustainability initiatives, maps activities to promote environment-sensitive planning, accountability, aligns with the sustainable development goals, and provides valuable recommendations for departmental budgeting.

 

Green budgeting is a policy innovation that serves as a planning and assessment tool that can contribute to institutionalizing and integrating environmental sustainability in various government initiatives and promote a system-wide approach. Through ex-ante planning and ex-post reflection, departments need to reorient their goals, schemes, and policies to become more environmentally and climate sensitive. By doing so, departments could also assess how much a particular department contributes to climate change. Green budgeting can act as a self-assessment tool. The Green Budget Report of the Union Territory of Puducherry for FY 2022-23 (baseline year) and FY 2023-2024 is a comprehensive document that outlines the green budget allocation, highlights sustainability initiatives, maps activities to promote environment-sensitive planning, accountability, aligns with the sustainable development goals, and provides valuable recommendations for departmental budgeting. It serves as a road map for fostering sustainable development and promoting a greener future in Puducherry. It is a sincere hope that the Union Territory of Puducherry champions the cause of environmental protection by further integrating environmental components in more budget line items by various departments.

 

Tags
Green growth
Sustainable development
Sustainable Development Goals
Climate finance
sustainable finance
Green budgeting