The mechanism will become effective as a so-called “baseline and credit scheme”, putting a price signal on about 30% of Australia’s greenhouse gas emissions.
In the next five years, Hawking is looking to invest INR 1,000 crores with an expectation to create around 850 direct jobs and thousands of indirect jobs in India and Australia.
While the family is safe, their home has been destroyed and will need to be demolished and rebuilt. Many of their personal belongings were also lost in the fire.