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Sustainability Outlook Headlines
50% Indians feel climate change impacts economy: SurveyOne in two Indians believes that human-made climate change is the primary cause of increased severe weather events that the world experiences today as compared to 23 per cent of the US general population, an online survey carried out for IBM has shown. The survey was conducted nearly a month ago by Morning Consult through online interviews of 4,816 people — 2,000 adults each in India and the US apart from 400 Indian business leaders and their 195 US counterparts. The survey results that compare climate change perceptions of people in the two countries were unveiled as The Weather Company,... Read more.. Date : Dec 13 Source: The Hindu Business Line
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As climate talks wind down, pre-2020 targets take centre stageAs the Madrid climate talks neared its end, negotiators stepped up efforts to prepare compromise texts that would help the countries keep the discussions going on the contentious issues into the next year. There was also an indication that the final outcome from Madrid would have some sort of acknowledgment of the fact that the developed countries had not done enough to deliver on their pre-2020 promises, and that they needed to fulfill these targets. Pre-2020 targets, a reference to the emission reduction cuts mandated by the Kyoto Protocol on the developed countries, and also other... Read more.. Date : Dec 13 Source: The Indian Express
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Vikram Solar commissions solar projects for AAI at 3 airportsGreen energy provider Vikram Solar on Thursday announced commissioning of three solar plants for Airports Authority of India (AAI) in Assam, Bihar and Maharashtra. The cumulative capacity of the three projects is 1.1 MW, Vikram Solar said in a statement. "Vikram Solar commissioned three new solar plants for AAI at Dibrugarh in Assam, Gaya in Bihar and Gondia in Maharashtra. The new projects have a cumulative capacity or 1.1 MW, leading Vikram Solar to have a portfolio and experience of commissioning 6 solar projects for airports at Kolkata, Calicut, Dibrugarh, Gaya, Gondia and Cochin in... Read more.. Date : Dec 13 Source: ET Energy World
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EV market seen growing 36 per cent annually till 2026The domestic electric vehicle (EV) market is projected to grow 36 percent annually between 2019 and 2026 as the market has gained traction following the implementation of the second phase of the EV incentives scheme in April. Under the government's ambitious Fame (Faster adoption and manufacture of electric vehicles) II scheme to popularize electric and hybrid vehicles, up to 1 million EV two-wheelers powered by new advanced technology battery of 2KWH are pegged to get a subsidy of up to Rs 20,000 each. "Total EV sales in 2018 hit 365,920 units and expected to grow 36 per cent annually... Read more.. Date : Dec 13 Source: The Week
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Pumping to production: Powering India’s next phase of agrifoodIn Bhavdi, a village in Maharashtra, 35-year-old Anita Kolte had to leave her family’s small plot of land to make a living, about $120 a year, well below the poverty line. Late last year, however, she started using an innovative solar solution to dry produce and sell it into India’s roughly $70-billion-a-year vegetable and fruit market. In this process she is earning an additional $2 to $4 per day, a huge sum, and helping to build the local economy. The company behind the solar dryer, Mumbai-based S4S Technologies has already recruited 200 “agripreneurs” such as Anita and 1,100 farmers --... Read more.. Date : Dec 13 Source: ET Energy World
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Administrative, financial approval given for 12 new nuclear reactors for power generation: GovernmentThe government has given administrative and financial sanction for 12 new reactors with a capacity of 9000 megawatt to expedite nuclear power generation in the country, Rajya Sabha was told on Thursday. During the Question Hour in the Rajya Sabha, Union minister for Atomic Energy Jitendra Singh said there are presently nine reactors under construction and pre-project activities are in progress at the 12 reactors accorded sanction. "The government has accorded administrative approval and financial sanction for 12 new reactors with a capacity of 9000 Mw, in addition to the reactors already... Read more.. Date : Dec 13 Source: ET Energy World
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India to invest Rs 4 lakh crore to meet 175 GW renewable energy target by 2022: R K SinghThe government has estimated an investment of about Rs 4 lakh crore over the course of next three years to meet the country's 175 gigawatt (GW) renewable energy target, power and renewable energy minister R K Singh said recently. "A cumulative renewable energy capacity of 83.38 GW has already been installed in the country up to October, 2019. To achieve the balance target of 91.62 GW, an investment of about Rs 4,14,581 crore has been estimated as capital cost," he said in response to a question in Rajya Sabha on Tuesday. The minister added that most of the grid connected renewable energy... Read more.. Date : Dec 12 Source: ET Energy World
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Madhya Pradesh to set up 2000 MW solar power park across Chambal & BundelkhandTo increase state’s production of renewable energy, the Kamal Nath government will set up a 2,000 MW Solar Power Park in the Bundelkhand and Chambal regions, minister for renewable energy Harsh Yadav told reporters on Tuesday. “A new solar park will be established stretching from Sagar to Chhattarpur districts and parts of Chambal. First phase of the project will be started from Devri, Banda, Kareli and Jaisinghnagar in Sagar district to Morena, Joura and Kolaras in the Chambal areas,” minister said. Areas have been identified for the project and the process has been initiated, Yadav told... Read more.. Date : Dec 12 Source: ET Energy World
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ReNew, Korean firm in JV for Rajasthan projectReNew Power Ventures Pvt. Ltd has formed a joint venture with South Korea-based engineering, procurement, and construction (EPC) firm GS E&C to build a 300 megawatt solar power plant in Rajasthan, according to a joint statement released by the companies on Wednesday. The alliance comes even as India’s clean energy sector faces several challenges, such as the Andhra Pradesh government’s decision to renege on contracts signed by the previous government and delayed payments by state utility boards, which has brought the working capital cycles of generators under stress. ReNew Power will... Read more.. Date : Dec 12 Source: Livemint
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Public sector enterprises gradually diversifying into green energyEgged on by government incentives, the state owned enterprises (SOEs) are diversifying into green energy and building renewable energy portfolios. In October this year, the Ministry of New & Renewable Energy (MNRE) urged all SOEs to prioritise renewable projects in their investment plans to cut carbon emissions. Many SOEs are now venturing into the clean energy space, including grid-connected renewable energy projects and behind-the-meter solar rooftop. Coal India Ltd (CIL) has announced plans to develop 20 GW of solar capacity over 10 years at an estimated investment of Rs 1 trillion... Read more.. Date : Dec 12 Source: Business Standard
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98 per cent state, 96 per cent private power plants yet to process Flu-gas desulfurizer (FGDs)Flu-gas desulfurizer (FGD) is far from seeing the light of day in 98 per cent of the state-owned and 96 per cent of the private sector thermal power units. A ministry of environment, forest and climate change (MoEFCC)-mandated technology, the FGD controls toxic sulphur dioxide (SO2) emissions from the coal-fired power sector. The latest analysis by environmental organization Greenpeace India highlights how the largest polluting sector of the country is likely to miss emission-reduction deadlines given by the Supreme Court. FGD has been installed in just 0.8 per cent of the total power... Read more.. Date : Dec 12 Source: ET Energy World
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Climate Change: How Himalayas are crucial for India's energy securityAround 81 per cent of the total hydropower potential in the country has been assessed to be existing in the rivers flowing from Himalayan glaciers and there is a high interdependence between the glaciers located in the Himalayas and the energy security of the country, according to The Energy and Resources Institute (TERI). "However, considering the difficult terrain as well as several other constraints, only 29 per cent of this potential has either been developed or under construction. Once developed to its full potential, additional 80,000 megawatt (MW) electricity will be available to... Read more.. Date : Dec 12 Source: ET Energy World
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Cabinet approves pact with Japan Coal Energy CentreThe Union Cabinet on Wednesday approved a memorandum of understanding (MoU) with Japan Coal Energy Centre for cooperation in the field of electricity supply. "The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval for the signing of MoU between Central Electricity Authority, India and Japan Coal Energy Centre, on Japan-India cooperation for Efficiency and Environmental Improvement for Sustainable, Stable and Low-Carbon supply of Electricity," an official statement said. The MoU will provide an enabling framework to address issues and barriers in expediting... Read more.. Date : Dec 12 Source: Deccan Herald
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Adani to sell 25.1% in Mumbai power distribution biz to Qatar Investment AuthorityAdani Transmission Ltd on Wednesday said it will sell 25.1% stake in its arm Adani Electricity Mumbai Ltd (AEML) to Qatar Investment Authority for around ₹3,200 crore. "Adani Transmission Ltd (ATL), Adani Electricity Mumbai Ltd (AEML) and a subsidiary of Qatar Investment Authority (“QIA") have signed definitive agreements for the sale of a 25.1% stake in AEML to QIA and for a shareholder subordinated debt investment by QIA in AEML", the company said in a exchange filling. AEML is the licensee for an integrated power distribution, transmission and generation business that currently serves... Read more.. Date : Dec 12 Source: Livemint
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India Announces a “Green Window” to Catalyze Climate FinanceTo meet India’s massive 450 gigawatts of clean energy target, Indian officials announced new financing approach to boost investment in clean energy during the climate talks in Madrid this week. The Indian Renewable Energy Development Agency (IREDA), the country’s premier public finance institution, is considering an allocation of $20 million in seed funding to set up its pioneering “Green Window” aimed toward catalyzing private investment and expanding the Indian clean energy market. A green window is a financing approach designed leverage limited government funds to attract private... Read more.. Date : Dec 12 Source: NRDC
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India Among Top 10 Countries With Higher Climate Performance: ReportIndia, for the first time, ranks among the top 10 in this year's Climate Change Performance Index (CCPI) presented on Tuesday at the COP25 climate summit. The current levels of per capita emissions and energy use in India, ranked 9th in the "high category", are still comparatively low and, along with ambitious 2030 targets, result in high ratings for the green house gas (GHG) emissions and energy use categories, the report released in the Spanish capital. However, despite an overall high rating for its Climate Policy performance, experts point out that the Indian government has yet to... Read more.. Date : Dec 11 Source: NDTV
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100% Confident: In Nitin Gadkari’s Push for Electric Vehicle Adoption, a Promise of Crores of JobsTouting India’s huge potential in taking the lead in electric mobility, road transport and highways minister Nitin Gadkari on Tuesday said the adoption of electric vehicles would help reduce the government’s import bill substantially which in turn will help create “crores of jobs” in the country. “One of the biggest challenges for us is imports. Our import bill for crude oil alone is Rs 7 lakh crore,” Gadkari said in a video message for the News18 Tech and Auto Awards, adding that if the switch from petrol and diesel vehicles can save Rs 2 lakh crore in import costs, that money would... Read more.. Date : Dec 11 Source: News18
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India assures renewable developers of pro-business policiesThe government has assured renewable energy developers of providing more business-friendly environment and policies like payment secuirty mechanism to lower risk on investment. "Government is committed to managing curtailments to enhance the ease of doing business for developers in the renewable energy sector," New and Renewable Energy Secretary Anand Kumar said on the sidelines of the ongoing Madrid Climate Conference (CoP25) at Madrid in Spain late Monday. A payment security mechanism to de-risk investments in renewable has also been been put in place, and on the demand side, the... Read more.. Date : Dec 11 Source: The Economic Times
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India, Denmark to hold meeting to chalk out action plan against climate changeIndia and Denmark will hold a joint working group meeting in New Delhi to chalk out mutually beneficial programs over the next two years as a part of their efforts towards climate change, Union Minister for Environment and Forest Prakash Javadekar said on Tuesday. The decision in this regard was taken during a bilateral meeting held here between Javadekar and a delegation from Denmark led by Minister for Climate, Energy and Utilities Dan Jorgensen. During the meeting, the two sides shared their positions on key approaches towards climate change such as adaptation, mitigation, technology,... Read more.. Date : Dec 11 Source: ANI
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India leads in adoption of new energy technologies: IEEFAIndia is leading in the adoption of new energy technologies in the current global energy transition, according to the Institute for Energy Economics and Financial Analysis (IEEFA). This lead has been achieved through various policy initiatives and learning by doing, the research organisation said in its note titled ‘Diversification on the Cards for Indian State-Owned Enterprises - Going Green for Growth and to Stay Relevant’ on Tuesday. “The government is reading the state of play and has rightly determined that renewable energy technologies are the industry of the future,” said Vibhuti... Read more.. Date : Dec 11 Source: ET Energy World
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Last-mile mobility to go electric in India: Piaggio Ape Electrik to unveil 18 DecemberPiaggio Vehicles has just announced that it will be unveiling the Ape Electrik series in India on 18th December. Piaggio Ape has been a popular three-wheeler in India that has served as a last-mile connectivity solution for decades. In October this year, Piaggio Ape received BS-VI compliance for its CNG engine. And now, the Ape will have an all-electric version. Last month, Piaggio said that it would take the swappable battery route for its electric commercial vehicles. The first of these battery swapping stations will be set up in Pune and Bengaluru. The unveiling of all-electric Piaggio... Read more.. Date : Dec 11 Source: Financial Express
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Electric vehicles maker Pi Beam raises bridge funding from GAILPi Beam Labs Pvt. Ltd, which builds affordable electric utility vehicles, has raised Rs 5 crore ($705,000 at current exchange rate) in a bridge funding round from state-owned natural gas distribution company GAIL (India) Ltd, according to reports. The company, which was incubated at the Indian Institute of Technology-Madras, said in a YourStory report that the funding has taken the capital it has raised in 2019 to around $1 million. Pi Beam founder and chief executive officer Visakh Sasikumar said the company will use the latest capital it has raised for expanding its product portfolio and... Read more.. Date : Dec 11 Source: VC Circle
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UP: PCL to buy 200 MW solar powerThe UP Electricity Regulatory Commission (UPERC) on Monday approved procurement of 200 MW solar power by UPPCL from Solar Energy Corporation of India (SECI). The tariff for it will be Rs 2.89 per unit, including a trading margin of Rs 0.07 per unit. The trading margin is like a commission given to a trading entity. The UPPCL had entered into a power purchase agreement with SECI on November 14, 2018 to purchase 200 MW of solar power from Karnataka-based Pavagada Solar Park for a period of 25 years. The commission said that the inter-state transmission charges and transmission losses shall... Read more.. Date : Dec 11 Source: ET Energy World
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Telangana: E-vehicle taxi service launchedWith an aim to provide last mile connectivity in a more efficient and pollution-free manner, VG Arcedo Energy has launched electric vehicle-powered taxi services under its brand e-yAna. The company will own and operate electric autos and electric bikes and has already deployed 100 of each in Karimnagar and Warangal. The company owned and operated fleet will have swappable battery option and e-yAna will place in strategic locations in both the cities. These battery centres will be solar powered and the driver will just have to replace his drained out battery with a fully charged battery... Read more.. Date : Dec 11 Source: Telangana Today
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Delhi Metro adds 2 more stations in e-bicycle schemeThe Delhi Metro on Tuesday expanded its electric-bicycle (e-bicycle) last-mile connectivity service to two more stations here, officials said. "After the successful launch of electric-bicycle (e-bicycle) service at seven metro stations a few months ago, the service was extended to two more stations -- Malviya Nagar and Saket today," the DMRC said in a statement. The service was formally flagged off from the Malviya Nagar metro station here by A K Garg, Director of Operations at the Delhi Metro Rail Corporation, in the presence of other officials. "The specially designed battery-operated... Read more.. Date : Dec 11 Source: The Week
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