Paper: GS – II, Subject: Polity, Topic: Institutions, Issue: Role of 16th Finance Commission in ensuring climate governance.
Context:
The 16th Finance Commission (FC) of India can be leveraged to enhance climate governance. It proposes fiscal and institutional reforms such as national carbon accounting, climate-specific incentives, and tax devolution reforms.
Key Highlights:
Challenges Requiring Climate Action:
- Climate change is reshaping policy priorities globally.
-  India’s emission policies are also moving towards net-zero by 2070.
- India’s growth path is showing low-carbon progress even at high GDP growth.
Key Proposals for 16th Finance Commission:
Benefits of Proposed Reforms:
- Aligns climate governance with fiscal federalism.
- Promotes transparency in emissions, accountability via carbon tracking, empowerment of states through financial tools.
- Supports India’s net-zero by 2070 commitment.
Conclusion:
The 16th FC holds a unique opportunity to reshape climate governance in India. Beyond tax devolution, it must catalyse institutional frameworks for carbon tracking, Incentives for climate-resilient development and Green fiscal federalism.
https://www.pressreader.com/india/mint-hyderabad/20250806/textview
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