budget

Australia’s Federal Budget 2023-2024 included AU$4 billion (US$2.71 billion) new investment in the energy transition, and confirmation of tenders for renewables and energy storage.

Australia’s recently elected Labor government has revealed the country’s federal budget for the next four years, which includes roughly AU$25 billion (US$16.02 billion) in clean energy investments.

Australia’s 2022-23 Federal Budget has “missed the mark” when it comes to supporting the energy transition and has neglected investment in transmission infrastructure over investing in fossil fuels at a critical junction in Australia’s decarbonisation journey, said the Clean Energy Council (CEC).

The Indian government’s budget announcement on Monday (1 February) is set to be a “game-changer” for domestic manufacturing following the imposition of a Basic Customs Duty (BCD) of 25% on solar PV cells and of 40% on solar PV modules from April this year.

California governor Gavin Newsom said there is “more work to be done” on the state’s net metering laws and that “changes need to be made” to proposals that have been proven highly contentious in the state.

California Governor Gavin Newsom has signed a US$15 billion package to fund programmes to tackle drought and climate change in the state

India’s government has increased basic customs duty (BCD) on solar inverters as part of efforts to bolster domestic manufacturing but has excluded modules from any changes.

The Queensland government has repeated a pledge to invest hundreds of millions of Australian dollars in the development of state-owned solar and wind farms in its latest budget, drawing criticism from environmental campaigners.

India’s newly appointed finance minister dishes out support for infrastructure and mega factories but downstream PV mostly left out.

India’s 2018/19 budget has proposed changing customs duty on imports of solar glass from 5% to nil, but the overall renewables sector has been largely ignored.