EU-CBAM impact

UNION BUDGET 2026 -27 : CLIMATE FINANCE

The Union Budget 2026–27 stresses “Green Growth” with allocations for CCUS, PM Surya Ghar solar, and nuclear energy, linking climate strategy to EU CBAM pressures and industrial decarbonization; however, funding remains below Net Zero 2070 needs, demanding blended finance and stronger green procurement to close the intent–outcome gap.