IInd DPL to Support Inclusive Green Growth and Sustainable Development in HP

This operation is the second in the series of two Development Policy Loans (DPLs) that supports the Government of Himachal Pradesh (GoHP) to make a permanent paradigm shift to promote inclusive green growth and sustainable development. It leverages financing from the Clean Technology Fund (CTF) in the amount of US$ 100 million that follows on from DPL 1 which was approved by the Board on September 6, 2012 in the amount of $100 million financed through IBRD. The program of DPL 1 and 2 are designed to help GoHP to develop a framework which, if followed, should ensure that energy generation is greener, the dependence on fossil fuels is lower and the impacts on the environment and people are much reduced. This program will assist GoHP in transformative actions in sectors that are key engines of growth (i.e. energy, industry and tourism). These transformative actions include policy reforms and institutional reforms based on the piloting of innovative practices.

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Ist DPL to Promote Inclusive Green Growth and Sustainable Development in Himachal Pradesh

This program is centered on Government's of Himachal Pradesh (GoHP) objective to promote inclusive green growth and sustainable development, which will be supported by an ambitious effort towards sustainability across the key engines of economic growth, namely energy, watershed management industry and tourism. The proposed operation will support Government action in six priority areas that are part of GoHPs environmental reform agenda - to support climate change adaptation and mitigation at the state level; to promote the environmental and social sustainability of hydropower development; to adopt a statewide integrated approach to watershed management as an instrument for rural poverty reduction; to promote environmentally sustainable industrial development by promoting cleaner sources of economic growth and by reducing the pollution of existing industrial plants; to promote environmentally sound tourism and to support the establishment of an institutional mechanism for the integration of geographic information systems in informed decision making.

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Last modified date : 21-03-2022
Last Updated: 24/01/2023 - 16:20
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