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Sustainability Outlook Headlines
Delhi govt will offer interest subvention of 5 per cent for EV policy: GahlotTransport Minister Kailash Gahlot on Sunday said that the Delhi government will soon introduce interest subvention of up to 5 per cent in purchase of electric-run vehicles in the city. The step has been taken in view to promote Delhi government’s policy offering financial incentives on all categories of e-vehicles – two-wheelers, three-wheelers, four-wheelers, goods carriers, electric rickshaws. “Subvention of 5 per cent to be provided through Delhi Finance Corporation (DFC) to ensure an easy financing option for vehicle owners to convert their fleet to electric,” Gahlot said... Read more.. Date : Mar 22 Source: Energy In Frapost
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Goa: State signs renewable energy MOU with German companyPANAJI: The state government has signed a memorandum of understanding (MoU) with the German-based Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH for developing a state energy plan and 100% renewable energy roadmap for Goa under the Indo-German program on Access to Energy in Rural Areas. Aimed at creating a strategic unit to develop, maintain and implement the multi-sectoral energy action plan, the MoU has been inked on the advice of the Union ministry for new and renewable energy. “The strategic unit will function as a ‘state think tank’ and will be a... Read more.. Date : Mar 22 Source: Economics Times
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Power Minister Shri R K Singh launches GRAM UJALA in Bihar LEDs will be available for only Rs 10 each for each rural household, in exchange for working condition old incandescent lamps: says Shri R K SinghUnion Minister of State (Independent Charge) for Ministry of Power and Ministry of New and Renewable Energy and Minister of State, Ministry of Skill Development and Entrepreneurship ,Shri R K Singh launched the GRAM UJALA programme in Arrah, Bihar through a virtual event today . While speaking at the event the Power Minister said that our rural population was still unable to afford discounted LEDs. This is why we have now created GRAM UJALA – a customized program for rural India, based uniquely and innovatively on carbon finance. LEDs will be available for only Rs 10 each for each... Read more.. Date : Mar 22 Source: PIB
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Prime Minister Shri Narendra Modi to Launch “Jal Shakti Abhiyan: Catch the Rain” Campaign on the Occasion of World Water Day on 22nd March 2021Prime Minister Shri Narendra Modi will launch the “Jal Shakti Abhiyan (JSA): Catch the Rain (CTR)” campaign on 22nd March 2021 on occasion of World Water Day. The Prime Minister will also address Central & State Government officers of Departments/ Ministries concerned, District Magistrates/ District Collectors/ Deputy Commissioners of districts and Sarpanchs of all Gram Panchayats through video conferencing/Virtual Platform. “Jal Shakti Abhiyan: Catch the Rain” will be taken up in all districts, rural as well as urban areas, of the country with the main theme “Catch the Rain,... Read more.. Date : Mar 22 Source: PIB
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USAID and DFC Announce $41M Loan Guarantee Program to Finance Rooftop Solar - USAID and DFC partnered with Encourage Capital, cKers Finance & Electronica Finance LimitedThe United States Agency for International Development (USAID) and the U.S. International Development Finance Corporation (DFC) are jointly sponsoring a $41 million loan portfolio guarantee to help finance investments by Indian Small and Medium Enterprises (SMEs) in renewable energy solutions, including rooftop solar installations. These loans will enable SMEs to access reliable power and cut costs. At the signing of the guarantee agreement, USAID/India’s Acting Mission Director Karen Klimowski stated, “USAID/India is pleased to promote power diversification and support local... Read more.. Date : Mar 19
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Government unveils plans for wide-ranging Waste Prevention ProgrammePlans to reduce waste have been unveiled on Global Recycling Day (Thursday 18 March) - including proposals for new measures that will ramp up action on fast fashion and hold manufacturers accountable for textile waste. These plans form part of a new wide-ranging Waste Prevention Programme for England which sets out how the Government and industry can take action across seven key sectors – construction; textiles; furniture; electrical and electronics products; road vehicles; packaging, plastics and single-use... Read more.. |
Swiss Re announces ambitious climate targets; accelerates race to net zero
Swiss Re’s Group Chief Executive... Read more.. Date : Mar 19 Source: Swiss Re
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bp plans UK’s largest hydrogen projectbp today announced that it is developing plans for the UK’s largest blue hydrogen production facility, targeting 1GW of hydrogen production by 2030. The project would capture and send for storage up to two million tonnes of carbon dioxide (CO₂) per year, equivalent to capturing the emissions from the heating of one million UK households¹. The proposed development, H2Teesside, would be a significant step in developing bp’s hydrogen business and make a major contribution to the UK Government’s target of developing 5GW of hydrogen production by 2030. With close proximity to North Sea storage... Read more.. Date : Mar 19 Source: bp
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Deutsche Bank joins the Partnership for Carbon Accounting FinancialsWhat is PCAF, and why are we joining? The Partnership for Carbon Accounting Financials (PCAF) is a collective effort to harmonise the way banks and other financial institutions account for greenhouse gas emissions financed by their loans and investments. In November 2020, PCAF published its own accounting and reporting standard for greenhouse gas emissions associated with loans or... Read more.. |
Vietnam to cut rooftop solar feed-in tariff in bid to ease grid pressureVietnam plans to cut the feed-in tariff for rooftop solar panels by 30.8-37.9% in a bid to reduce pressure on the national power grid following a recent boom in installed capacity, state media reported on Wednesday. Vietnam has had one of the fastest growing renewable energy markets in Asia in recent years, but the development of its transmission system has lagged, leaving several of its new solar power plants operating below designed capacity. The Ministry of Industry and Trade is planning to cut the tariff to 5.2-5.8 U.S. cents per kilowatt hours (kWh) from 8.38 cents, the Dai Doan Ket... Read more.. Date : Mar 19 Source: Nasdaq
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Global lenders to back Adani solar power projects with $1.3 billionA dozen global banks are to bankroll the Gautam Adani-founded Adani Green Energy’s under-construction renewable power projects with over $1.3 billion revolving credit line, the company said on Thursday. The finance facility would initially fund a 1.69GW (gigawatt) hybrid portfolio of solar and wind power projects through four SPVs (special purpose vehicles) in Rajasthan. The company claimed this as the first ‘certified green hybrid’ project loan in India. The liquidity will boost the company’s efforts to... Read more.. |
Andhra Pradesh's Energy Investment Bazaar held in VisakhapatnamThe Andhra Pradesh government has strongly committed to bring rapid change in energy sector by encouraging energy efficiency investments, said A Chandrasekhara Reddy, CEO, AP State Energy Conservation Mission (APSECM). Addressing an Investment Bazaar for the Southern region organized by APSECM at Visakhapatnam on Thursday, with the support and co-ordination of Bureau of Energy Efficiency, Ministry of Power, to promote investments in industrial energy efficiency, Reddy said that there is huge opportunity for... Read more.. |
Road Transport & Highways Minister, Shri Nitin Gadkari Announces Vehicle Scrapping PolicyMinister for Road Transport and Highways, Shri Nitin Gadkari today announced the Vehicle Scrapping Policy in Lok Sabha. Making a Suo Motu statement in the Lok Sabha, the Minister said that “Older vehicles pollute the environment 10 to 12 times more than fit vehicles and pose a risk to road safety”. He said that “in the interest of a clean environment and rider and pedestrian safety, the Ministry of Road Transport and Highways is introducing the Voluntary Vehicle-Fleet Modernization Program (VVMP) or “Vehicle Scrapping Policy” which is aimed at creating an Eco-System for phasing out of... Read more.. Date : Mar 19 Source: PIB
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Indo-Israeli JV IOC Phinergy Pvt Ltd to boost India's e-Mobility aspirationsToday, Shri Dharmendra Pradhan, Minister of Petroleum and Natural Gas & Steel, along with Minister of Energy, Israel, Dr. Yuval Steinitz , witnessed the launching of a Joint Venture (IOC Phinergy Private Limited) between Indian Oil Corporation Limited (Indian Oil) and Phinergy, an Israeli start-up company specializing in hybrid lithium-ion and aluminium-air/zinc-air battery systems. Based on domestically available aluminum, the joint venture plans to manufacture Aluminum-Air systems in India. Under this... Read more.. |
Andhra Pradesh to hold meet on energy efficiency funding on March 18The state government will be holding the Investment Bazaar for Energy Efficiency in Visakhapatnam on March 18. The programme comes as a part of the government’s efforts to accelerate and facilitate financing of energy efficiency projects and technologies in industry sector. The event is being organised by the AP State Energy Conservation Mission (APSECM), with support from Bureau of Energy Efficiency (BEE) and Confederation of Indian Industry (CII). Key stakeholders including financial institutions, original... Read more.. |
Greenko to set up Rs 30,000-crore hybrid project in RajasthanRenewable energy firm Greenko Energy is set to develop a Rs 30,000-crore hybrid project in Rajasthan of which one will be a pumped hydro storage project of 2,520 megawatt (MW) capacity estimated at Rs 11,882 crore. The proposed hydro project is to be developed at Shahpur, Baran district of Rajasthan. “The project when completed by 2023-24 will be the world’s largest renewable energy asset and would contribute to the state’s efforts as a model in the adoption of solutions for a sustainable future,” said Anil... Read more.. |
AIPEF Urges PM To Consult All Stakeholders On Electricity (Amendment) Bill 2021The All India Power Engineers Federation (AIPEF) on Wednesday said it has urged Prime Minister Narendra Modi to consult all stakeholders on Electricity (Amendment) Bill 2021. 'The proposed changes in the Act 2003 have far-reaching changes and leaving the major stakeholders out of consultation is really shocking. The whole exercise to rush through Electricity (Amendment) Bill 2021 is thus nontransparent, undemocratic, and discriminatory in nature,' AIPEF spokesperson V K Gupta alleged in a statement. So, AIPEF... Read more.. |
Smart Joules raises $4.1 million Series A from Sangam, ADB Ventures, Burman Family Office, Max I. Limited, cKinetics Accelerator and other marquee investorsSmart Joules, a pioneer in energy-efficiency-as-a-service, today announced it has completed a $4.1 million round of Series A funding aimed at expanding its offering across large commercial buildings and industries in India. The funding round saw participation by ADB Ventures (the Asian Development Bank's venture arm), Sangam Ventures, Max I. Limited, cKinetics Accelerator, Mr. Saket Burman from the Dabur family and 6 other marquee angels from India and the US. DPNC Advisors, the transaction advisory arm of... Read more.. |
Apple’s $4.7 billion Green Bond spend is helping to create 1.2 gigawatts of clean powerApple’s newly completed renewable projects, part of the company’s planned $4.7 billion Green Bond spend, are bringing clean energy to local communities while reducing carbon emissions. In 2020, Apple funded 17 Green Bond projects that will avoid an average of 921,000 metric tons of carbon emissions annually, which is equivalent to removing nearly 200,000 cars from the road. The projects will generate 1.2 gigawatts of renewable energy globally, with Apple adding over 350 megawatts of newly installed renewable... Read more.. |
Major blueprint to create green jobs and slash emissions from industry, schools and hospitalsAn ambitious blueprint to deliver the world’s first low-carbon industrial sector and over £1 billion to cut emissions from industry, schools and hospitals has been announced by the Business and Energy Secretary today (Wednesday 17 March). Building on the Prime Minister’s 10 Point Plan for a Green Industrial Revolution published last year, the new Industrial Decarbonisation Strategy sets out the government’s vision for building a competitive, greener future for the manufacturing and construction sector. Part... Read more.. |
New Type of Bond Cuts Investor Bonus for Missing ESG GoalsSo-called sustainability-linked bonds have been controversial because they often effectively reward investors when the issuer misses green or social performance goals. One Japanese firm is trying to change that. Nomura Research Institute Ltd. is selling such notes, but with a twist. Typically, the debt offers extra yield to investors if the borrower fails to meet ESG targets. In the case of NRI’s bonds, if it achieves its goals, the firm can redeem the debt early. That means that if NRI misses its targets,... Read more.. |
New multifunctional heat sinks can dissipate heat from mechanical devices more efficientlyIndian Scientists have developed a multifunctional heat sink enabled by 3D printing, which can dissipate heat from mechanical devices at 50 percent enhanced rate compared to conventional sinks. Existing approaches for heat exchanging and heat sink achieve different functions using dedicated units. In the new technology, multiple functions have been integrated together in a single unit. It can also be used to develop heat pipes, vapour chambers, heat exchangers and noise reducing heat sinks. The technology... Read more.. |
Artificial photosynthesis to provide solutions for carbon capture and conversionScientists have found a method to mimic nature’s own process of reducing carbon dioxide in the atmosphere, namely photosynthesis, to capture excess carbon dioxide in the atmosphere. This artificial photosynthesis (AP) harnesses solar energy and converts the captured carbon dioxide to carbon monoxide (CO), which can be used as a fuel for internal combustion engines. In artificial photosynthesis (AP), scientists are essentially conducting the same fundamental process in natural photosynthesis but with simpler... Read more.. |
Italy joins International Solar AllianceItaly on Wednesday joined International Solar Alliance (ISA) upgrading its partnership with India in a year that coincided with G-20 Presidency and co-presidency of COP26 under Italy. Ambassador of Italy to India, Vincenzo de Luca, signed the Italian membership to the International Solar Alliance (ISA). The ISA, whose Secretariat is based in Delhi, was launched in Paris in 2015 by Prime Minister Modi on the occasion of the UN Climate Change Conference COP21 with the aim of creating a forum for the development... Read more.. |
SEC’s Lee: “Climate and ESG are Front and Center,” Solicits Public Comments on Climate Disclosure PolicyIn light of demand for climate change information and questions about whether current disclosures adequately inform investors, public input is requested from investors, registrants, and other market participants on climate change disclosure. The Securities and Exchange Commission (SEC or Commission) has periodically evaluated its regulation of climate change disclosures within the context of its integrated disclosure system. In 2010, the Commission issued an interpretive release that provided guidance to issuers as to how existing disclosure requirements apply to climate change... Read more.. Date : Mar 17 Source: SEC Gov
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