Group2 IEP

GREEN
ECONOMY SECTIO
I.E.P NC
GROUP
PROJECT
SUBMITTE
D TO:
NAME
BINOY HIRA
2 ROLL
MBA23008
Dr. Mohd. Hussain Kunroo
HEMANT KUMAR SAHU MBA23019
Assistant Professor
SACHIT DIXIT MBA23034
AVI VYAS MBA23062
AASTHA GAYASIA MBA23154
SURYA CHOURASIA MBA23200
SATYAM PADAM MBA23276
SHAMEEK SIKDER MBA23277
PAGE
1
INTRODUCTION TO GREEN
ECONOMY
An economic system that prioritizes environmental well-being while fostering
economic growth.
COMBATS CLIMATE CHANGE, REDUCES POLLUTION, ENSURES RESOURCE

SECURITY
Achieves economic prosperity alongside ecological balance and social equity by

meeting the needs of the present without compromising the ability of future
generations to meet their own needs.
Green practices enhance long-term economic sustainability by preserving natural

resources and reducing pollution-related costs.
PAGE
2
SOURCES OF ECONOMIC GROWTH IN

INDIA
• Traditional Sectors:
⚬ Agriculture: Contributes significantly to GDP but faces challenges like water scarcity and
soil degradation.
⚬ Industry: Engine of growth but requires cleaner production processes.
⚬ Services: Fastest-growing sector but can integrate green practices (e.g., sustainable tourism).
• Integration of Green Practices:
⚬ Sustainable agriculture: Precision farming, organic farming, soil conservation.
⚬ Eco-friendly industries: Renewable energy, resource efficiency, pollution control.
⚬ Green services: Green buildings, waste management, environmental consulting.
POPULATION GROWTH, PAGE
3
UNEMPLOYMENT, AND LABOR FORCE
• Population 1.44 Billion as per latest data
• Unemployment rate 6.8 % Reason: skills gap that hinders employment opportunities
GREEN JOB
CREATION
Renewable energy waste electric environmental
management vehicles restoration
Green Industry in India currently employs around 18.5 million individuals
Skills Required: analytical abilities, sustainability expertise, stakeholder management,

project management skills etc.
PAGE
4
ENVIRONMENTAL
IMPACT
ASSESSMENT
The Ministry of Environment, Forest, and Climate Change
Responsible for implementing and
overseeing the EIA process in India
(MoEFCC)
The State Environmental Impact Assessment Authorities
(SEIAAs)
outlines the process and requirements for

conducting an EIA for various categories
Environment (Protection) Act 1986, of projects
Major tool for minimizing the adverse

Environment Impact Assessment Notification of 2006 impact of rapid industrialization
PAGE
5
GREEN
ENTREPRENEURSHIP
AND INNOVATION
TATA GROUP GODREJ 'GREENER
SUSTAINABLE GROUP INDIA' PROJECT
PACKAGING, WASTE- THEY HAVE SUCCESSFULLY REDUCED
SPECIFIC GHG EMISSIONS BY 51 PER
TO-FERTILIZER
UNLOCKING THE VALUE OF INDUSTRIAL BY-PRODUCTS
SUCH AS FLY ASH AND ROAD CONSTRUCTION
CENT
PRODUCTION E- MAHINDRA MANUFACTU

GROUP RING
IT
TACKLING CHOUPA
ISSUES LIKE FRAGMENTED FARMS,
INVOLVEMENT OF MULTIPLE INTERMEDIARIES ELECTRIC
C AND WEAK INFRASTRUCTURE
L CARS
LARGE-SCALE ADOPTION OF (EVS)
EVS IN THE PERSONAL
AND COMMERCIAL SEGMENTS BY 2030
PAGE
6
PLANNING IN
INDIAAND
GREEN
• Five-Year Plans
ECONOMY
• NITI Aayog
• Integrating SDGs into Planning
• Green Initiatives
• Smart Cities
• National Hydrogen Mission
• Namami Gange
• Green Growth
PAGE
7
NITI AYOG
• Establishment: NITI Aayog was formed in 2015, replacing the Planning Commission, to facilitate cooperative federalism and promote sustainable
development.
• Sustainable Development Goals: NITI Aayog actively monitors and tracks India's progress towards achieving the 17 SDGs, ensuring that
developmental policies are in harmony with these global objectives.
12th 5year Plan

• The 12th Plan (2012-2017) emphasized inclusive growth and sustainable development. It recognized the importance of environmental
conservation, renewable energy, and equitable resource allocation. And this plan led to the foundation of the green economy. Some
important steps are- 1. Renewable Energy Development, 2. Energy-efficient measures, 3. Sustainable agriculture and rural development,
4. Forest conservation and biodiversity preservation 5. water resource management, 6. Urban sustainability and green india
Integrating SDGs into Planning

• SDGs (Sustainable Development Goals) are a set of 17 global goals adopted by the United Nations in 2015.
• India is actively integrating SDGs into its national and state-level planning processes. there are 6 SDGs which is deeply integrated in
terms of green economy 1.clean water and sanitation, 2.affordable and clean energy, 3.industry, innovation and infrastructure,
4.sustainable cities and communities, 5.responsible consumption and production, 6. climate action
PAGE
8
Green Initiatives
• Smart City Projects: The Smart Cities Mission, launched in 2015, aims to transform urban areas into sustainable, citizen-friendly
spaces. It emphasizes the use of technology, renewable energy, efficient infrastructure, and green spaces to enhance livability and
reduce environmental impact.
• National Hydrogen Mission: India launched the National Hydrogen Energy Mission to promote hydrogen as a clean energy
alternative. This initiative focuses on research, development, and deployment of hydrogen technologies across various sectors,
including transportation, industry, and power generation.
• Namami Gange: Namami Gange is a flagship program dedicated to cleaning and conserving the Ganges river, one of India's
most sacred and polluted water bodies. It encompasses pollution control measures, wastewater treatment plants, afforestation
along riverbanks, and public awareness campaigns to revive the ecological health of the Ganges basin.
Green Growth
• The Union Budget 2023-24 has envisaged several projects and initiatives spread across various sectors and ministries like Green
Hydrogen Mission, Energy Transition, Energy Storage Projects, Renewable Energy Evacuation, Green Credit Program, PM-
PRANAM, GOBARdhan Scheme, Bhartiya Prakritik Kheti Bio-Input Resource Centres, MISHTI, Amrit Dharohar, Coastal
Shipping, and Vehicle Replacement.
• The aim is to accelerate the momentum for green growth in the country by forwarding new-age reforms along with finding
solutions to current challenges.
PAGE
9
Green tax FAME-II Scheme: The Indian government's Faster

Adoption and Manufacturing of Electric Vehicles (FAME-II)
scheme offers subsidies on the purchase
of electric vehicles (2-wheelers, 3-wheelers,
incentives and
and electric cars) to promote EV adoption.
rebates in india Income Tax Exemption:Under Section 80-IA of the Income Tax Act, companies
undertaking renewable energy generation projects can enjoy a 100% tax
exemption on profits for ten years from the date of commissioning (as of March
2024).
Carbon Trading Schemes:Some countries or regions have carbon trading schemes

where companies can buy or sell carbon credits to offset their emissions. While not
yet operational in India, this could be a future incentive.
ME | The EcoCyclix
PAGE
REVENUE FROM ENVIRONMENTALLY 10
RELATED TAXES IN INDIA
As a share of GDP, India has the 4th lowest environmentally related tax revenue among 34 OECD and 5 partner economies. In 2014,
environmentally related tax revenues were at 0.95% of GDP, compared to 2.0% on average among the 39 countries.
PAGE
REVENUE FROM ENVIRONMENTALLY 11
RELATED TAXES IN INDIA
India has higher average tax rates on transport fuels (2.03 EUR/GJ) than on fuels used for heating and process purposes (0.09 EUR/GJ) or
electricity generation (0.07 EUR/GJ)
India has the 4th lowest tax rate on energy on an economy-wide basis, at EUR 0.27 per GJ, compared with EUR 2.7 per GJ on a simple-average
basis across the 34 OECD and 7 partner economies.
PAGE
12
FOREIGN Foreign Trade Patterns:

• India is a net importer of fossil fuels.
TRADE,
Opportunities:
• Green products
⚬ Solar PV Module- 280 GW of solar power capacity
by 2030
BALANCE ⚬ Electric vehicles: USD 300 billion by 2030.
⚬ Importing clean technologies.
OF
Green FDI:
PAYMENT Attracted FDI of $6.1 billion from April 2020 to September
S, 2023 in Rewnewable Sector
• Encouraging foreign direct investment in renewable

energy, sustainable infrastructure, etc.
AND • Permitted up to 100% FDI through the automatic route
INVESTM
ENT
PAGE
FUTURE 13
SCOPE 02. EMERGING TRENDS

01. GROWTH AREAS
Energy storage solutions:
• USD 3.10 billion(2023) - USD 5.8 b (2018)
Green Hydrogen: • PLI Scheme ACC Battery (2021)
• 1 Mill. Tonnes (2030) • MoRTH- EV30@30.
• achieve net-zero emissions by 2070 • 50% of Total Installed capacity(2030)
• Economic Opportunities- Jobs,
Investments
Carbon capture technologies
Circular Economy: 03. POLICY RECOMMENDATION

30% reduction by 2030
• Continued Policy Support for Green Businesses
Climate-Resilient Agriculture: • Investing in Green Research and Development
agricultural GDP could decline by up • Public-Private Partnerships for Green
to 50% by 2100 (W.B.) Infrastructure Development
THANK YOU
FOR YOUR
TIME!

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GREEN

COMBATS CLIMATE CHANGE, REDUCES POLLUTION, ENSURES RESOURCE

Achieves economic prosperity alongside ecological balance and social equity by

Green practices enhance long-term economic sustainability by preserving natural

SOURCES OF ECONOMIC GROWTH IN

Green Industry in India currently employs around 18.5 million individuals

Skills Required: analytical abilities, sustainability expertise, stakeholder management,

outlines the process and requirements for

Major tool for minimizing the adverse

PRODUCTION E- MAHINDRA MANUFACTU

12th 5year Plan

Integrating SDGs into Planning

Green tax FAME-II Scheme: The Indian government's Faster

Carbon Trading Schemes:Some countries or regions have carbon trading schemes

FOREIGN Foreign Trade Patterns:

S, 2023 in Rewnewable Sector

• Encouraging foreign direct investment in renewable

SCOPE 02. EMERGING TRENDS

Circular Economy: 03. POLICY RECOMMENDATION

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