Green budgeting integrates environmental considerations into the fiscal framework, ensuring that government budgets contribute to sustainable development. Elucidate.

Green budgeting according to UNEP considers the contribution of environmental elements and the losses sustained by it for growth of GDP. Budget + Environment → Adjusted Green Budget Integrates environmental considerations 1) The loss of forests and trees is quantified to show quality of growth. 2) Promotes the cultural ecological corruption of sustainable living. 3) Helps in achievement of bottom-up planning with inclusive development eg Uttarakhand Green Budget 4) Specific sectors can be targeted for Reduction of emissions eg Brown taxonomy for Steel

— Aditya Talwar · AIR 270