In its new report ‘A Greener Budget: Sustaining our Prosperity in a Changing World’, WWF-UK sets out a suite of practical policy recommendations that would help to shift the UK to a sustainable, resource efficient, low-carbon economy.
This report examines how budgets can be greening by pricing carbon and cutting environmental harmful subsidies. The publication provides lessons on how greening the budget combines fiscal responsibility with the environmental sensibility that is inevitable for a sustainable future.
One method to reduce greenhouse gas emissions is to subsidize emissions-reducing activities. The question is how to allocate such subsidies. Allocation through auctions is an emerging mechanism.
This report finds that revenue account fund disbursement in Punjab in terms of percentage share of the total for water supply, irrigation, and science, ecology and environment has decreased for the financial year 2012–13 over 2011–12.