Green Economy Initiatives — Current Affairs 2026

Current Affairs Connections

Recent developments and news linked to Green Economy Initiatives.

National Green Hydrogen Mission receives ₹19,744 crore allocation in Union Budget 2024-25

February 2024

The substantial budgetary allocation for green hydrogen demonstrates India's commitment to emerging clean technologies as part of its green economy strategy. Green hydrogen is positioned as a key export commodity and industrial feedstock, with potential to reduce import dependence and create new economic opportunities. The mission targets 5 MMT annual production capacity by 2030, making India a global hub for green hydrogen production and export.

UPSC Angle: UPSC is likely to test the economic implications of green hydrogen, including its role in industrial decarbonization, export potential, and job creation. Questions may focus on the technology, policy framework, and international partnerships in green hydrogen development.

India launches Green Credit Programme to incentivize environmental restoration activities

October 2023

The Green Credit Programme represents a market-based approach to environmental conservation, allowing individuals and organizations to earn tradeable credits for activities like tree plantation, water conservation, and sustainable agriculture. This initiative aligns with green economy principles by creating economic incentives for environmental protection and restoration, potentially mobilizing private sector participation in conservation efforts.

UPSC Angle: UPSC may test the mechanism of green credits, their tradeable nature, and comparison with carbon credits. Questions could focus on the role of market-based instruments in environmental conservation and the potential for scaling up restoration activities through economic incentives.