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Sustainability Outlook Headlines
WorldCover raises $6M round for emerging markets’ climate insuranceWorldCover, a New York and Africa-based climate insurance provider to smallholder farmers, has raised a $6 million Series A round led by MS&AD Ventures. Y Combinator, Western Technology Investment, and EchoVC also participated in the round. WorldCover’s platform uses satellite imagery, on-ground sensors, mobile phones and data analytics to create insurance options for farmers whose crops yields are affected adversely by weather events — primarily lack of rain. The startup currently operates in Ghana,... Read more.. |
Solar power plant inaugurated at Naval establishment in KochiThe Naval Armament Inspectorate (NAI) here has taken the green route by harnessing solar power to meet its energy requirements. Director General of Naval Armament Inspection (DGNAI) Rear Admiral Sanjay Misra inaugurated the complete roof top solar power plant at the NAI here on Thursday, a Defence spokesman said here. The green initiative is also aimed at protecting the environment, he said. According to him, operationalisation of the solar power plant, which can generate 14,400 Units of power per year, will... Read more.. |
MITS students design hybrid electric vehicleIn what could offer a solution to the vehicle pollution that is touching alarming levels, the final year mechanical engineering students of Madanapalle Institute of Technology and Science (MITS) have designed a hybrid electric vehicle. Though the concept of electric vehicle is gaining ground in the market, charging the batteries and power backup remain a problem. In this context, the hybrid vehicle with two power sources —a combination of petrol/diesel engine and an electric motor—assumes significance. A team... Read more.. |
Even as Cyclone Fani Hit Campaigns, Climate Change Yet to Find Space in India’s Political DiscourseAs the British Parliament declared a climate and environment emergency this week after a spirited campaign, mainly by civil society groups and students across Europe and America, cyclone Fani grounded many political leaders in India, forcing them to suspend their parliamentary election campaign for at least 48 hours. Many of these leaders took to Twitter to inform their supporters about the suspension of their political rallies and urging people living along the coast to stay safe from the cyclone’s fury.... Read more.. |
ADB should expand private sector operations: GargAsserting that Asia continues to be the growth engine of the world, Economic Affairs Secretary Subhash Chandra Garg on Saturday said the ADB must expand its private sector operations to boost economic development. Addressing the Board of Governors of the Asian Development Bank (ADB) here, he said there is a rising need for the agency to focus on strengthening human capital and develop social safety nets. “Therefore, we urge the ADB management to expand it social sector engagements in countries like India,... Read more.. |
Talking fair trade in DelhiIndia will host the second mini-ministerial meet of the World Trade Organisation (WTO), on May 13-14, 2019. To discuss the interests of developing and least developed countries in global trade, this informal meet will also focus on the accusation by the U.S. that these economies benefit from exemptions meant for the poorer nations. Overall, it could be a preparatory meeting to set a common agenda at the 12th Ministerial Conference, scheduled for June 2020 at Astana, Kazakhstan. The 11th Ministerial Conference... Read more.. |
Solar power: India calls for concerted efforts to ensure energy security in AsiaIndia has called for concerted efforts across Asia to ensure energy security in the region for sustainable development and poverty eradication by pursuing non-polluting renewable sources such as solar power. Speaking at the 16th Ministerial Meeting of Asia Cooperation Dialogue (ACD) in Doha, Qatar, Minister of State for External Affairs V K Singh urged the Member States to join the International Solar Alliance... Read more.. |
IIFL Home Finance, Indian Green Building Council collaborate to promote ‘Green Affordable Housing’IIFL Home Finance Ltd, India’s leading housing finance companies has inked a Memorandum of Understanding (MoU) with The Indian Green Building Council (IGBC), a part of the industry body, CII, for providing a sustainable green living for affordable housing section in India. IIFL Home Finance is a known name in green building finance in India and has popularised the concept of “Kutumb” that promotes affordable green... Read more.. |
Researchers develops new method to predict reservoir levels 3 months in advanceAs the mercury soars and countdown begins for the monsoon, storage levels in reservoirs keep the government and hydropower generators on tenterhooks. Now Indian scientists have found a potential solution - a new framework that can predict reservoir storage anomalies one to three months ahead for the dry season (February to May). Reservoirs provide water for irrigation, industrial use and hydropower generation in... Read more.. |
Nagaland's Chief Minister launches biodiversity management projectChief Minister Neiphiu Rio launched the Biodiversity and community conserved area management project in the presence of German delegation headed by the Chargé d’affaires Dr. Jasper Wieck in Kohima on Tuesday. It was done with the permission of the Election Commission of India. The German delegation, including the German Consul General in Kolkata, Michael Feiner, representatives of KfW Development Bank and the... Read more.. |
EV sales in India cross 7.5 lakh mark in FY2019For India Auto Inc, FY2019 may have been a dampener for overall internal combustion-engined vehicle sales, given that they recorded single-digit growth. In comparison, albeit on a much lower base, the country’s nascent electric vehicle (EV) industry notched handsome numbers, but the green vehicle segment may not have reason to celebrate in the future. Here’s why. In FY2019, total EV sales in India crossed the 7,50,... Read more.. |
E-innovations & sustainability at Denim Premiere VisionEco-responsible denim, led by creativity and digital innovations will be the highlight at the upcoming Denim Premiere Vision in Italy. The two-day trade event scheduled from May 28, 2019, will gather several international denim communities to broaden its business outlook and discover new sources of inspiration in Italy’s fashion capital Milan.This season, Denim Première Vision will present a truly unique edition where creativity and the Autumn/Winter 20-21 fashion directions will closely intertwine with eco-... Read more.. |
Okinawa Scooters gets nod for FAME II subsidyElectric two-wheeler maker Okinawa Scooters Wednesday said it has received regulatory approvals for two models, making it eligible to receive incentives under the government's FAME-II scheme. The company has received certificate of eligibility from Automotive Research Association of India (ARAI), the prime testing and certification agency notified by the government, for its lithium-ion products – Okinawa i-... Read more.. |
Hyundai EVs for ride-hailing companies may be rolled out from 2021Hyundai Motor Group plans to make Ola Cabs, India’s largest cab aggregator, the test bed for a new range of affordable electric vehicles slated for introduction around 2021, said two people aware of the development, requesting anonymity. Hyundai... Read more.. Date : May 2 Source: Livemint
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INNOVATION: Jamia Milia makes smart solar inverters to tackle rural power crisisMany Indian villages are still reeling under darkness, and the traditional inverter is expensive and also not environment-friendly. Looking at the need for solar inverters, Ahteshamul Haque from the Department of Electrical Engineering in Jamia Milia Islamia (JMI) along with his 25 students plans to change this through his 'smart solar inverter' model. The team is still working on making the product user-friendly. It will take at least... Read more.. |
MNRE to hold brainstorming session on renewable energy
The Ministry of New and Renewable Energy (MNRE) is holding a brainstorming session for all stakeholders in the renewable energy sector amid a slowdown in commissioning of such projects mainly due to differences between the government and developers over issues such as ceiling tariffs and land acquisition. The ‘chintan baithak’ — the first of its kind organised by the ministry — will be held on May... Read more.. |
Gujarat solar projects get bids of 600 MW despite low ceiling tariffs
Gujarat’s fresh attempt to auction 700 mw of solar projects at Raghanesda Solar Park has attracted techno-commercial bids of 600 mw despite having an aggressive ceiling price of Rs 2.70 per unit, people close to the development said. The state’s renewable energy agency Gujarat Urja Vikas Nigam (GUVNL) had cancelled the first auction for the same projects held in January, because it found the lowest... Read more.. |
INNOVATION: After solid waste, Goa to produce electricity from cow dungAfter successfully producing power from the solid waste management plant at Saligao, the state government is planning to produce energy from cow dung. The department of animal husbandry has initiated a project to utilise cow dung in a farm in Sattari, around 50 km from Panaji, to convert it into electricity. “It will be a pilot project in which the target is to produce 10 mw power. Once commissioned, it will be connected to the grid,” an official said. He said a new indigenous technology would be used for the purpose. Currently, as the cow... Read more.. Date : May 2 Source: ETEnergyWorld
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Sustainability Outlook partners with CII for 8th edition of the GreenCo Summit 2019CII’s GreenCo Rating System equipping Indian industry gain the competitive advantage. Globally, companies/organisations have made sustainability as one of the growth strategies and are adopting multi-pronged approach to bring down their energy, water and other natural resources consumption. This new paradigm shift is not... Read more.. |
Solar rooftop company ZunRoof raises USD 1.2 million from GodrejRooftop solar solutions provider ZunRoof has raised USD 1.2 million (around Rs 8 crore) from Godrej family office to fund expansion plans and strengthen product portfolio. ZunRoof said the funding comes at an integral time for the company, which is working towards fulfilling the government's target of achieving 40 GW of rooftop solar by 2022. "ZunRoof has raised a fresh round of funding of USD 1.2 million from Godrej family office," a company statement said. The company has already made a mark in over 40 cities, including Delhi, Chandigarh, Lucknow, Bengaluru, among others. "Backing... Read more.. Date : May 1 Source: Energy World - Economic Times
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India Renewable Energy Developers Line Up US$1 Billion Green BondsTwo large private renewable energy developers in India are planning to raise US$500 million each through sale of green bonds. The move highlights the tightening flow of funds in the Indian market due to the sustained crisis in the banking sector. According to media reports, NYSE-listed Azure Power, one of India’s early entrants to the solar power market, has announced plans to raise US$500 million through the sale... Read more.. |
Environment Ministry constitutes committee to implement National Clean Air ProgrammeThe Union Environment Ministry has constituted a new committee to implement the National Clean Air Programme (NCAP), which aims to cut pollution in the 102 worst affected cities by 20-30 percent by 2024. The committee will be chaired by the Secretary in the Union Environment Ministry. Its members will include the Joint Secretary (Thermal), Ministry of Power, TERI Director General and Professor Sachidananda Tripathi... Read more.. |
Siemens Gamesa secures 250 MW solar order from Sprng EnergySiemens Gamesa continues to make inroads in the Indian solar market bagging its largest solar order of 250 MW from Sprng Energy at Anantapur in Andhra Pradesh. Sprng Energy, a renewable energy platform wholly owned 100% by Actis, has over 1,650 MW of renewable energy projects across India. Under the contract, Siemens... Read more.. |
IIT Hyderabad-Incubated Startup PURE EV Launches Long-Range High-Performance Electric Two-WheelersAn Indian Institute of Technology Hyderabad-incubated startup has developed long-range, high-performance electric two-wheelers specifically designed for Indian Conditions and is commercially launching them across the country next month. PURE is the electric vehicle vertical of PuREnergy, a startup incubated by IIT Hyderabad which manufactures high-performance Lithium batteries. PUR EV is launching four models - ‘... Read more.. |
Lowering of Carbon Emission Levels to Propel Bio-Based Chemicals IndustryThe Global Bio-Based Chemicals Market Size is slated to touch USD 97.2 billion by 2023, as per the latest report by Market Research Future (MRFR). Strict policies regarding the production of synthetic chemicals is expected to work favorably for the market. The market can register a CAGR of 10.47% from 2018 to 2023 (forecast period). Incentives and subsidies introduced by governments to curb emissions are likely to positively impact the market growth. This is exemplified by the introduction of the Renewable... Read more.. |
