Government Your browser does not support the audio element. [New] The German government will invest more than €1.5 billion ($A2.4 billion) in battery cell research and production, starting with a €300 million ($A488 million) grant awarded to battery company Varta. [New] Recovering economic growth will require policy efforts and targeted investments in the coming years to allow Slovakia to seize opportunities for creating a more sustainable and higher value added economy. [New] As part of a consortium that includes Indian telecom Bharti Global, the UK government will invest $500 million and take a significant equity share in space exploration firm OneWeb. [New] The Government of India is providing a big impetus to solar energy and has set an objective of 100 GW from solar by 2022. [New] Though most economists expect South Korea's GDP to contract this year for the first time since the Asian financial crisis in the late 1990s, the government's 0.1% projection is not out of reach if policy efforts are swiftly implemented. [New] For irrigation and drinking water purpose, the Indian government declared a target to install 1 million solar water pumps of capacity approximately 3,000 MW by 2021. [New] One of the main changes will be regarding the State Pension age, with the UK government currently in the process of increasing it from 66 to 68 in the coming years. [New] In 2018, the highest policy-making body of the ITU, the Plenipotentiary Conference, established a target to increase the global e-waste recycling rate to 30% by 2023. [New] Decisive action is needed by the UK Government to protect the under-threat aerospace sector, after Airbus announced it is planning to cut 1,700 jobs across the UK as a result of the coronavirus crisis. [New] With international border closures expected to be in place until next year, Australia's federal government expects net overseas migration to fall to just 35,000 in 2020-21 - but it needs to be between 160,000 and 220,000 to maintain GDP per capita growth. [New] Continued policy support, especially in Europe, underpins the IEA view that 2020 will see a year-on-year rise in EV sales, including a new record for the share of EVs in total car sales. [New] National government targets, such as the UK's to achieve net zero carbon emissions by 2050, are helping to drive both the public and private sector to develop strategies and invest in processes and technologies that will enable organizations to deliver a low carbon future. [New] The latest power base-load forecast, released by the Government of Pakistan, has estimated additional demand that is attributed to the Governments' new electric vehicle policy, which stipulates that 30% of vehicles will run on electricity by the year 2030. [New] Because the construction of oil and gas pipelines is capital-intensive, and China needs to build many pipelines, a policy that restricts investment to CNPC, Sinopec and CNOOC will restrain China's pipeline development and slow the growth of its natural gas market. [New] Despite lacking GOP support for major climate policy in the United States, companies and investors are increasingly hoping to account for what economists call transition risk - the idea that climate policy will eventually devalue fossil fuel assets. [New] The Canadian federal government has committed to become carbon neutral by 2050, although it has been criticized by environmental organizations for simultaneously investing in oil and gas projects that produce heavy emissions. [New] Some Japanese food manufacturers are using internal and external data plus advanced analytics to meet government targets for curbing food loss by as much as 20% by 2030. [New] The Government will support the Soil Carbon Company with a $1.7 million investment through the Clean Energy Finance Corporation to develop new ways to improve soil quality and reduce emissions in the agricultural sector. [New] In 2020 alone, new regulation on content liability, data protection, digital competition, and a new digital tax will all be delivered by different UK government departments and regulators. China will gradually raise its mandated production quota for new energy vehicles over the next three years, a move that the top industry regulator said would support its ambitious 2025 sales target. The government has decided that Muslims from India will not travel to Saudi Arabia for Haj 2020 after the kingdom conveyed that pilgrims should not be sent this year in the wake of the coronavirus pandemic. In the absence of any new initiatives, limited land, factors such as cancellation of the fourth auction round by the new government, and an underdeveloped power grid of Mexico are expected to hinder the growth of the solar PV market in the coming years. The German government hopes its more than 130 billion euro ($147 billion) stimulus package will help bring the economy back onto a growth path later this year. See full forecast Last updated: 08 July 2020 Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No
