Clean technology refers to the use of processes, products, and services that utilize renewable materials and energy sources, reduce emissions and waste, and have a minimal impact on the environment. It encompasses innovations in energy generation, energy efficiency, waste management, water purification, transportation, and sustainable agriculture, among others. Clean technology aims to provide solutions that not only enhance productivity and economic growth but also contribute to environmental sustainability. The goal is to develop technologies that support a sustainable economy while addressing challenges such as climate change, resource depletion, and pollution. Clean technology sectors often focus on harnessing solar, wind, geotherm, and bioenergy, as well as advancements in electric vehicles and smart grid technology. Overall, clean technology represents a shift towards more eco-friendly practices and a reduction in the ecological footprint.
The Union Budget 2025 focuses on advancing the electric vehicle (EV) sector and clean technology in India. Customs duty exemptions on materials for EV battery production are pivotal for manufacturers.…