Govt announces plans to strengthen climate resilience, energy transition

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Govt announces plans to strengthen climate resilience, energy transition - Business Standard

Quick Summary:

The government on Saturday announced new initiatives to strengthen climate resilience and energy transition in the Union Budget 2025-26, including National Manufacturing Mission, High Yielding Seeds Mission and Nuclear Energy Mission.

Presenting the Budget, Finance Minister Nirmala Sitharaman said the government will support domestic industries in making solar panels, EV batteries, wind turbines and electrolyzers while working towards producing 100 GW of nuclear energy by 2047.

It will also invest in small modular nuclear reactors (SMRs) and develop better seeds to help farmers deal with droughts, pests and changing weather patterns.