Report Recommends Green Budgeting Framework for Jharkhand

pv magazine India has published a report that proposes a green budgeting framework for the state of Jharkhand. The document suggests that the state’s budgeting process should systematically account for the environmental costs and benefits of public projects, linking fiscal decisions with climate and biodiversity goals.

The proposed framework recommends the creation of a dedicated green fund, mandatory environmental impact assessments for major expenditures, and the integration of sustainability indicators into budgetary allocations. It also outlines mechanisms for tracking and reporting the ecological outcomes of funded initiatives.

If adopted, the framework could help Jharkhand align its development agenda with national climate commitments while improving resource efficiency. The report urges the state government to pilot the approach in the upcoming fiscal cycle and to engage civil society and experts in refining the guidelines.

Stakeholders are expected to review the recommendations before the state finance department finalises the next budget, potentially setting a precedent for other Indian states.