The Chief Minister of Rajasthan, Bhajan Lal Sharma, announced a green budget with an allocation of Rs 27,854 crore, the first of its kind in the state. He highlighted the consequences of exploiting natural resources, which have increased by 400% in the past 50 years, with only 8.6% being reused and 90% wasted. The situation has led to severe problems like climate change, loss of biodiversity, and pollution. To address this, the state government has set a target to increase waste processing capacity, establish a circular economy park, and promote waste-to-energy schemes. A Circular Economy Alliance Network will be created to bring together the government, private sector, and educational institutions. The budget also allocates Rs 28,000 crore for sustainable development, including initiatives on green energy, recycling, and clean tech development. The state also plans to prepare a climate change adaptation plan, introduce a circular economy incentive scheme, and set up waste-to-wealth parks.
Rajasthan becomes the first state to present a green Budget, says CM at 3R summit. Note: The original sentence was a bit unclear and had grammatical errors, so I edited it to make it more readable and coherent.
