The Union Budget 2024 places a strong emphasis on climate action, reflecting India's commitment to sustainable development under the ‘Viksit Bharat’ initiative. A key aspect of the budget is the development of a taxonomy for climate finance, which is crucial for channelling capital towards climate adaptation and mitigation efforts. Understanding terms related to sustainable finance and investment is becoming increasingly important, as they represent a broader shift towards integrating sustainability into financial strategies. These terms reflect a broader commitment to integrating sustainability into financial strategies, ensuring that investments align with long-term ecological and economic objectives.