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Sustainability Outlook Headlines

Haryana Releases Draft Solar Power Policy, Invites Suggestions

The New and Renewable Energy Department, Haryana, has issued the draft ‘Haryana Solar Power Policy, 2021,’ and requested government stakeholders to send their comments within 15 days from the date of the notification on April 22, 2021.

The new policy will supersede the Haryana Solar Power Policy, 2016.

The draft notification identifies Haryana as an agrarian state with several geographical constraints such as high cost and paucity of barren land within its borders, with low potential for wind or hydropower. It adds that the state must focus mainly on rooftop solar projects... Read more..

Source: Mercom India

India’s 250 MW solar auction concludes with lowest bid of $0.033/kWh

Tata Power has revealed that its TP Saurya Ltd. unit has secured the rights to develop a 250 MW grid-connected solar project at the Dondaicha Solar Park in the Indian state of Maharashtra. The developer won the auction by Maharashtra State Power Generation Co. Ltd. (Mahagenco) by quoting a tariff of INR 2.51 ($0.033) per kWh.

State-run SJVN and NTPC Renewable Energy also participated in the auction with bids of INR 2.53 and INR 2.82, respectively.

In January, Mahagenco opened bidding from solar power developers to set up 250 MW of grid-connected solar projects at the... Read more..

Source: PV Magazine

EU countries could face national renewable energy goals, official says

BRUSSELS: European Union policy makers are likely to propose national targets on expanding renewable energy to try to ensure the bloc achieves its goals on cutting emissions, a senior official said on Wednesday.

The European Commission is drafting a major package of climate change policies to be unveiled in July to cut greenhouse gas emissions faster across all sectors of the economy.

Diederik Samsom, head of the European Commission climate chief's cabinet, said on Wednesday the package would likely set binding national targets for the 27 EU countries to increase the use of... Read more..

Source: Economic Times

Germany aims for net zero emissions by 2045, 5 years earlier

BERLIN: German officials proposed on Wednesday (May 5) that the country could bring forward the date for reducing its greenhouse gas emissions to “net zero” to 2045, after Germany’s top court ruled that existing plans place too much of the burden for curbing climate change on young people.

Under the proposal announced by Environment Minister Svenja Schulze and Finance Minister Olaf Scholz, the country would increase its emissions reduction targets from 55per cent to 65 per cent below 1990 levels by 2030, and to 88 per cent by 2040.

The timetable would enable Germany to stop... Read more..

Source: Channel News Asia

Clean energy demand for critical minerals set to soar: IEA

Supplies of critical minerals essential for key clean energy technologies like electric vehicles and wind turbines need to pick up sharply over the coming decades to meet the world’s climate goals, creating potential energy security hazards that governments must act now to address, according to a new report by the International Energy Agency.

The special report, The Role of Critical Minerals in Clean Energy Transitions, is the most comprehensive global study to date on the central importance of minerals such as copper, lithium, nickel, cobalt and rare earth elements in a secure and... Read more..

Source: IEA

UK and India agree on roadmap to combat climate change by 2030

Britain said on Tuesday it had agreed with India on plans to combat climate change by 2030, including protecting forests and working together on the clean energy transition, as it prepares to host the COP26 UN Climate Summit later this year.

“The UK and India share a longstanding partnership and I am greatly encouraged by the steps we have taken today to bolster our joint efforts on tackling climate change,” said COP26 President-Designate Alok Sharma.

Source: Reuters

SHV Energy acquires majority stake in SunSource

SHV Energy will invest in SunSource Energy, a leading provider of distributed energy for commercial and industrial (C&I) customers in India with a presence across South-East Asia. SHV Energy’s acquired majority stake is part of the companies’ renewable solutions strategy and ensures a further expansion of SunSource’s solar portfolio to 550+ megawatt peak (MWp) by 2023. This new partnership will directly benefit SunSource’s ability to expand its portfolio of projects for C&I customers, with an overall ambition to grow to over a 1 gigawatt (GW) solar portfolio. SunSource Energy’s co-... Read more..

Source: Shvenergy

India to finance 100 MW Bangladeshi solar plant

The federal government will provide $131 million of soft loans for a $177 million, 100 MW solar park near the Jamuna river in Bangladesh’s Jamalpur district, where a second park of a similar size is being planned by Dhaka and a Chinese partner.

With Indian policymakers pushing to establish a domestic solar manufacturing industry, it has emerged the country will provide $131 million of soft loans for the government of Bangladesh to develop a 100 MW solar park.

The 325-acre solar project, to be built on a mainly government-owned khas (fallow) site leased from the Ministry of... Read more..

Source: PV Magazine

Diesel doped with biodiesel made from used cooking oil rolled out

New Delhi: India on Tuesday began experimenting with doping diesel with a small portion of biodiesel extracted from leftover cooking oil in kitchens to cut reliance on imports as well as reducing carbon emissions.

Diesel, India's most used fuel, is made from crude oil, for which the nation is 85 per cent dependent on imports. Imports can be reduced if a portion of diesel extracted from fossil oil is supplemented by an equally combustible diesel.

Bio-diesel that can be produced from vegetable oil, animal fat, tallow and waste cooking oil, Indian Oil Corporation (IOC) Chairman... Read more..

Source: Economic Times

Biden Pushes for Diversity in Transition to Clean Energy

NEW YORK (AP) — As the nation pushes to reduce its reliance on fossil fuels and use cleaner energy sources, President Joe Biden’s administration says it wants to ensure diversity among the communities that benefit from the transition and the people who are hired to do the work.

The administration says it wants more solar arrays erected in communities that have suffered from pollution caused by fossil fuels. It's also directing research grants and opportunities to students and faculty members at historically Black colleges and minority-serving institutions.

The Department of... Read more..

Source: US News

French parliament approves climate change bill to green the economy

France's National Assembly on Tuesday approved a wide-ranging climate change bill that will prevent future airport expansions, prohibit open-air terrace heaters and reduce packaging waste.

France aims to cut greenhouse emissions by 40% by 2030 compared to 1990 levels but environmental activists say it is dragging its feet. In a landmark ruling in February, a court ruled France must do more to combat climate change.

After more than 200 hours of debate in parliamentary commissions and the lower house, lawmakers approved the bill by 332 to 77.

"Rather than big words and... Read more..

Source: Reuters

JSW Energy signs PPA for 540 MW of wind power projects

JSW Energy said its arm JSW Renew Energy has sign­ed a power purchase agreement (PPA) for the supply of 540 Mw of blended wind power capacity. The PPA is signed with Solar Energy Corporation of India (SECI).

The company in a statement said this is single largest PPA for wind/blended wind power capacity awar­ded to a company and will mark the foray of JSW in this segment.

The firm won these projects in a competitive bidding done by SECI. Earlier on March, it was awarded 450 Gw of wind power capacity. JSW aims to be a 10 Gw energy firm in this decade. In September 2020, JSW... Read more..

Source: Business Standard

Gadkari Promotes Investment in Indian RE Sector at Indo-US Summit 2021

At the Indo-US Partnership Vision Summit 2021, organised by IMC Chamber of Commerce and Industry on Friday, Union Minister Nitin Gadkari called the Indo-US partnership ‘the most important partnership of the 21 century’. Speaking about the growing confidence between India and the US, he said that all outstanding trade issues would be resolved soon, and that the two countries have reached principle agreement in the area of defence, security, energy and trade. Gadkari, who holds the MSME and road and transport portfolios, laid special emphasis on the expanding renewable energy sector in India... Read more..

Source: Saur Energy

Goldi Solar completes supply of 24 MW solar modules to LS Mills

Surat, India: Goldi Solar, India’s most quality conscious solar brand has completed a 24+ MW supply order of solar modules to LS Mills, a leading textile company based in Theni, Tamil Nadu. The modules are for a project based in Aviyoor, Virudhunagar District of Tamil Nadu commissioned in March 2021. Goldi Solar’s 71690 high efficiency solar panels Goldi 72 GN poly crystalline modules of 335 Wp was used in the project.

LS Mills is expected to save approximately 37.668 GWh of electricity per annum and help offset over 35040 tons of CO2 per year.

Commenting on the... Read more..

Source: Eqmagpro

IFRS Proposes Expanding its Objectives to Include Development of Sustainability Standards

The International Financial Reporting Standards Foundation (IFRS) has launched a proposal to amend its constitution to encompass the development of sustainability standards within its objectives, as it looks towards the establishment of an International Sustainability Standards Board (ISSB).

The announcement marks the next step in the development of global sustainability standards for company reporting. The initiative began in October 2020, with the release by the IFRS of a paper seeking input on the potential formation of global sustainability reporting standards, and on the... Read more..

Source: ESG Today

Bosch, Shell, and Volkswagen develop renewable gasoline with 20 percent lower CO₂ emissions

Stuttgart, Germany – The available range of renewable low-carbon fuels is growing. Following on from R33 Blue Diesel, Bosch, Shell, and Volkswagen have now come up with a low-carbon gasoline. Their new fuel, called Blue Gasoline, similarly contains up to 33 percent renewables, ensuring a well-to-wheel reduction in carbon emissions of at least 20 percent per kilometer driven. This means a fleet of 1,000 VW Golf VIII 1.5 TSIs alone could save more than 230 metric tons of CO₂ per year, assuming an annual mileage of 10,000 kilometers each. Shell will offset the remaining carbon emissions from... Read more..

Source: Bosch Presse

Ford, BMW lead $130 million investing round in solid-state battery startup

DETROIT (Reuters) - Ford Motor Co and BMW AG are leading a $130 million funding round in a solid-state battery startup, Solid Power, as carmakers push to lower the cost of electric vehicles by investing in the development of affordable but powerful rechargeable batteries, the companies said on Monday.

The Series B investment round, which includes venture capital firm Volta Energy Technologies, allows Solid Power to expand in-house manufacturing capabilities and positions the battery maker to eventually supply future EVs, possibly by the end of the decade according to BMW battery... Read more..

Source: Reuters

India's power consumption grows 41 per cent in April to 119 billion units

NEW DELHI: Power consumption in the country grew 41 per cent in April 2021 to 119.27 billion units (BU) over the same month last year, showing robust recovery in industrial and commercial demand of electricity, according to power ministry data.

Power consumption in April last year was recorded at 84.55 BU. On the other hand, peak power demand met, which is the highest supply in a day, during the first half of this month remained well above the highest record of 132.20 GW in April 2020.

During April this year, peak power demand met or the highest supply in a day touched the... Read more..

Source: Economic Times

Ola to take e-scooter to international markets this fiscal

Ola Electric is looking at taking its electric scooter to international markets, including countries like France, Italy and Germany, this fiscal, a top company executive said.

The company, which is working on setting up a 'Hypercharger Network' for its electric vehicle, is slated to launch its electric scooter in India in July this year.

'We are going to be launching internationally...this financial year itself, we will be selling internationally also. We start with India first but soon, we move into international markets with a focus on Europe,' Ola Chairman and Group CEO... Read more..

Source: Business World

Cargill steps up push to cut carbon emissions from shipping fleet

LONDON: Cargill, one of the world's biggest charterers of ships, has cut nearly 1.5 million tonnes of gross carbon emissions from its fleet since 2017, a top company executive said, as it steps up efforts to go green.

With about 90% of world trade transported by sea, global shipping accounts for nearly 3% of the world's CO2 emissions.

The United Nations aims to reduce the industry's greenhouse gas emissions by 50% from 2008 levels by 2050. This target will require the swift development of zero or low emission fuels and new designs for ships.

Cargill achieved an overall... Read more..

Source: Economic Times

Three South Korean companies capture 31% of global EV battery market in Q1

Three South Korean electric vehicle (EV) battery makers accounted for 31 percent of the global market in the first quarter, but their share has slipped since last year in the face of toughening competition with Chinese rivals, a market research firm said on Monday.

The trio -- LG Energy Solution, Samsung SDI and SK Innovation-- supplied a combined 47.8 gigawatt-hour (GWh) equivalents of EV batteries in the January-March period, up 127 percent from a year earlier, according to the data by SNE Research.

Their sales of EV batteries sharply rose in line with solid demand for... Read more..

Source: Business Standard

NGOs call on ADB to end fossil fuel loans amid climate reboot

A group of non-governmental organisations called on the Asian Development Bank (ADB) on Monday to end loans to the fossil-fuels sector, as the international lender holds its annual meeting this week with a focus on a green economic recovery.

The ADB, which finances initiatives aimed at boosting economic prospects for Asia's poorest, is also reviewing its lending policies, which its own management has said are not fit for a climate-changed world.

Governments this year have stepped up climate action as U.S. President Joe Biden seeks to reverse measures by the Trump... Read more..

Source: Reuters

VF Corp and Inditex back new recycled polyester pledge

Adidas, VF Corporation and Inditex are among the 85 brands and suppliers that have committed to a new initiative designed to drive the uptake of recycled polyester (rPET) across the clothing industry and the associated reduction in greenhouse gases (GHGs).
The 2025 Recycled Polyester Challenge (rPET Challenge), a joint industry initiative by Textile Exchange and the Fashion Industry Charter for Climate Action, petitions the apparel industry to commit to increasing the global percentage of recycled polyester from 14% to 45% at 17.1m metric tonnes by 2025.

It asks brands to... Read more..

Source: Just Style

Salesforce Urges Suppliers to Reduce Carbon Emissions, Adds Climate to Contracts

The Salesforce perspective:

At Salesforce, the environment is one of our key stakeholders. As part of our 1.5 degree Celsius Science Based Target, we are actively working with suppliers to set science-based targets of their own by 2024.
Today, Salesforce is introducing new climate commitments that will be integrated in supply chain contracts to help suppliers reduce their carbon emissions. We will work collaboratively with suppliers in determining the right sustainable path forward.
Only when customers and suppliers prioritize data-driven climate action together will we... Read more..

Source: Sales Force

S&P Global’s New Banking Facility Links Pricing to SBTi-Verified Emissions Reduction Goals

NEW YORK, April 26, 2021 /PRNewswire/ -- S&P Global (NYSE: SPGI) today announced one of the first sustainability-linked banking facilities in the United States tied to climate action goals verified by the Science Based Targets Initiative (SBTi) and the first such banking facility in the U.S. media and information services sector.

The new $1.5 billion senior unsecured revolving credit facility includes a sustainability-linked pricing adjustment to reinforce the Company's pledge to support the transition to a global net-zero economy. The pricing adjustment is linked to the Company... Read more..

Source: SP Global