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OilMin bats for retaining energy transition fund
Business Standard
|January 15, 2024
₹30,000 cr was announced in last year's Budget but never disbursed
The Petroleum and Natural Gas Ministry has told the Finance Ministry that a 30,000 crore fund for energy transition and net-zero objectives announced for oil marketing companies (OMC) in last year's Budget, but never disbursed, needs to stay in the upcoming Budget.
The last Budget had earmarked a mega capital outlay, which was set to focus on new-age fuels green hydrogen, ethanol, and other biofuels.
The record high budgetary grant towards green transition was to be a key driver in reducing the carbon emission of the economy and leap towards green fuels and green energy sources.
The Centre had entrusted the oil ministry, which has the highest fossil fuel footprint, to steer the energy transition of the country.
Diese Geschichte stammt aus der January 15, 2024-Ausgabe von Business Standard.
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