ARTHA Framework: Green Financing for De-Coaled Mines
Why in the news
The government was getting ready to introduce ARTHA, a framework to fund new uses for mines that no longer produce coal. The launch was lined up for the Star Rating Awards Ceremony for Coal and Lignite Mines in Mumbai.
Key facts
- Name: ARTHA, whose full form has not yet been officially spelt out.
- Type: a green financing framework.
- Aim: make it easier to reuse and repurpose de-coaled mines.
- Approach: back responsible, sustainable mine closure and later use of the land.
- Launch event: Star Rating Awards Ceremony for Coal and Lignite Mines, Mumbai.
Significance
- Environmental: encourages a green transition and sensible reuse of land.
- Economic: can open the door to fresh industries and livelihoods on former mine land.
- Policy: fits within India’s wider sustainability and energy-transition goals.
Exam angle
- Subject of the framework: de-coaled mines.
- Nature: green financing.
- Venue of launch: Mumbai, at the star rating awards for coal and lignite mines.