APT Translations

This article discusses the new details of the energy budget, focusing on the developments around solar, critical minerals, electric transportation, nuclear energy, climate finance, green bonds, and a few other key initiatives.

Capital-A plans to launch a new fund which will continue to focus on three main themes — climate tech, fintech, and deeptech sectors - apart from manufacturing and space/drone tech.

Environment Minister Tanya Plibersek said the vast solar farm would generate enough energy to power three million homes and would include panels, batteries and, eventually, a cable linking Australia with Singapore.

The proposed solar project shall be commissioned in Rajasthan to support Zelestra India's goal of executing a diverse project portfolio exceeding 6 GW in the next three years.

Sembcorp Industries had signed a Memorandum of Understanding with the State government during the Global Investors Meet in January 2024 for setting up the green ammonia facility in Tuticorin.

Health adaptation plans will be developed for diseases caused by air pollution, disaster management related to heat and coldwaves, water-borne diseases and zoonotic diseases, as outlined in the Action Plan on Climate Change.

The plant, which will be operated by Sembcorp, is set to produce 200,000 metric tonnes of green ammonia annually for export to Japan. This project, covering 160 acres in the port area of Tuticorin, is part of a broader collaboration aimed at advancing the energy transition in the region.

Australia on Wednesday approved plans for a massive solar hub intended to power millions of homes domestically and supply electricity to Singapore. It says the park will be the world's largest renewable energy installation when complete, and capable of powering 16.1 million homes a year.

Executive director at the International Monetary Fund (IMF) Krishnamurthy Subramanian on Wednesday said that the size of the Indian economy has the potential to touch USD 55 trillion by 2047 if the growth rate in dollar terms remains at 12 per cent.

Although gross inflows had gone up around 23 Percent in the previous quarter, the last two financial years had seen a decline in the FDI coming into the country, which govt had attributed to weak sentiments in developed markets. Latest data released in the RBI Bulletin showed a 37.6 Percent rise in inflows during June, slower than the 49 Percent jump in the previous month (see graphic).