- India has approved the Biotechnology Research, Innovation and Entrepreneurship Development (Bio-RIDE) scheme to drive funding in synthetic biology, biopharmaceuticals, bioenergy and bioplastics and scale sustainable biomanufacturing. The scheme will run until 2026, and offer funding to startups and incentives and grants to various entities in the space. Govt Press Release
- India is betting heavily on nuclear, with plans to build ten 700MW reactors in fleet mode (simultaneously) over a 5-year span, and involving the private sector to develop Small Modular Reactors as announced in the latest national budget. ET Energy
- India has issued Viability Gap Funding guidelines for offshore wind power projects, with a target of building 1GW offshore capacity by 2031-32. Developers can submit bids quoting VGF per MW of capacity, in upcoming auctions. Renewable Watch
- The UK has announced plans for a Global Clean Power Alliance, to scale investment in clean energy, diversify production and supply of critical minerals, and expand electricity grids and storage. GOV.UK
- Italy may discontinue government concessions for oil exploration and production, reports Reuters.
- Egypt is working on a new trade and investment policy that will prioritize manufacturing. The General Organization for Export and Import Control (GOEIC) which helps facilitate trade, has also setup a scheme for determining the carbon footprint and biodegradability of products. Daily News Egypt
- Indonesia will consider a policy on Sustainable Aviation Fuel (SAF) in 2025, with tentative plans to begin using SAF from 2027. Antara
- Indonesia has set a target of 15 million electric vehicles - 13 million two-wheelers and 2 million 4-wheelers on-road by 2030. Antara
- The Senate of the state of Pennsylvania (USA) has voted to repeal regulation that imposed a carbon tax on polluting power plants in the state. The regulation was adopted in 2019, but never implemented due to legal challenges. The bill will now be debated in the House of Representatives. PA Senate Publications
Recent bills introduced in the US congress
- H.R. 9558 - To require the Administrator of the Environmental Protection Agency to collect, calculate, and publish information regarding emissions of carbon dioxide and methane outside the boundaries of the United States that are associated with exports of fossil fuels, and for other purposes. Link
- H.R.9573 - To impose an assessment related to fossil fuel emissions, to establish the Polluters Pay Climate Fund, and for other purposes. Link
- H.R. 9574 - To amend the Clean Air Act to eliminate a waiver under that Act, to eliminate an authorization for States to use new motor vehicle emission and new motor vehicle engine emissions standards identical to standards adopted in California, and for other purposes. Link
- H.R. 7422 - Geothermal Cost-Recovery Authority Act of 2024 Link
You should take this virtual tour of the Palazzo Chigi, the seat of the Italian government.
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