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Sustainability Outlook Headlines
Your electric vehicle dream may get a Rs 50,000 jump-startThe government is planning to incentivise the purchase of electric vehicles (EVs) with rebates of up to Rs 50,000, bringing them under the umbrella of priority sector lendingand lowering interest rates on loans, said an official with knowledge of the matter. The move is part of the government’s bid to promote the manufacture and sale of EVs in India so that they eventually comprise 15% of total sales from the current negligible share in the... Read more.. Date : Feb 15 Source: Economic Times
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India in third position in list of LEED green buildingsAfter China and Canada, India is ranked third with more than 899 LEED-certified projects totaling more than 24.81 million gross square meters of space, as per the US Green Building Council (USGBC) ranking. The list ranks countries and regions in terms of cumulative LEED-certified gross square meters as of December 31, 2018 and represents 7,797 certified projects totaling more than 210 million gross square meters of space. LEED, or Leadership in Energy and Environmental Design, is the world's most widely used green building program with 96,275 registered and certified projects in more than... Read more.. Date : Feb 15 Source: Money Control
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Policy on energy storage will help bring in investments: AES ExecutivesThe CEOs were in India to announce the launch of what they claim to be Asia’s largest gridscale energy storage project for Tata Power-Delhi Distribution Ltd (DDL). India must set out a clear policy around energy storage, much like what it has done for renewable energy, for investments to start coming into what could be at least a $15 billionmarket, top executives of US-based AES Corporation and Fluence Energy said. A stable policy that... Read more.. Date : Feb 15 Source: The Economic Times
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EU, India to jointly invest Rs 323 crore on 7 water projectsThe European Union and India on Thursday decided to jointly invest Rs 323 crore on seven projects over four years to find affordable solutions to improving drinking water quality and boosting waste water management in the country. Around 130 entities will be part of these projects, ranging from universities, research labs, municipalities to private companies. Five IITs of Delhi, Bombay, Guwahati, Bhubaneswar, Roorkee, and CSIR-National Environmental Engineering Research Institute (CSIR-NEERI) and TERI will also collaborate in the projects. The projects will not only support the Ganga... Read more.. Date : Feb 15 Source: The Times of India
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Transport sector can become all electric-driven by 2030: EV expertElectric vehicles are the future and with the help of innovative approaches, Indias transport sector can become all electric-driven by the year 2030, an EV expert and professor of IIT Madras has said. Professor Ashok Jhunjhunwala at a lecture in the Indian Institute of Management, Calcutta on Tuesday suggested innovative alternative solutions for electric vehicle technology adoption and called for the application of Internet of Things (IoT) to get the maximum out of batteries. He also suggested reduction of battery sizes, weights and costs and splitting battery into smaller sizes... Read more.. Date : Feb 15 Source: Energy World - Economic Times
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Slowdown in India, Germany led drop in onshore wind energy capacity in 2018The global commissioning of onshore wind turbines declined 3 per cent in 2018, partly due to a slowdown in India and Germany, even as the growth is expected to bounce back in 2019, with a 32 per cent jump to 60 Gigawatt (Gw), clean energy research firm BNEF said. Companies commissioned over 45 GW of onshore wind turbines globally in 2018 compared with 47 GW a year earlier. “Just four manufacturers accounted for more than a half, or 57 per cent, of the machines deployed: Denmark’s Vestas, China’s Goldwind, GE Renewable Energy of the U.S. and Spain’s Siemens Gamesa,” BNEF said in a statement... Read more.. Date : Feb 15 Source: Energy World- Economic Times
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Job creation, technology transfer, investments dominate India-US talksIndia and the United States focused on job creation, technology transfer and greater bilateral investments at the India-US Commercial Dialogue, held on Thursday. Both nations decided to expand the number of working groups of chief executives with top US and Indian firms — from four to seven — with a new focus on financial trade and investments as well as small and medium enterprises (SMEs). However, with the absence of US Commerce Secretary Wilbur Ross, there was no joint statement, as the sides simply resolved to “further expand and strengthen trade and commerce ties”. “Working groups... Read more.. Date : Feb 15 Source: Business Standard
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UN announces roadmap to Climate Summit in 2019, a ‘critical year’ for climate action2019 is a critical year, the “last chance” for the international community to take effective action on climate change, General Assembly President Maria Espinosa said on Thursday, during a briefing to announce the UN’s roadmap to the Climate Summit in September. Espinosa was speaking alongside the Special Envoy of the Secretary-General on the Climate Summit, Ambassador Luis Alfonso de Alba of Mexico, at UN Headquarters in New York. Espinosa said that, with the deadline for achieving the first targets of the 2030 Agenda for Sustainable Development fast approaching, described by Secretary-... Read more.. Date : Feb 15 Source: India Blooms
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Wind, solar power to be preferred energy sources by 2030 in India: ReportRenewables would be preferred source of energy by 2030 with tariffs ranging between Rs 1.9-2.6 per unit for wind and solar power and storage cost declining by around 70 per cent, a report by Energy Transition Commission (ETC India) said. The cost of wind power will be between Rs 2.3-2.6/kWh and of solar power in the range of Rs 1.9-2.3/kWh by 2030, the report projected. Even considering additional costs required to balance the variability of renewables, the study projected that a grid with 30 per cent variable renewable energy generation is cost-effective as compared to a moderate RE (... Read more.. Date : Feb 14 Source: Business Standard
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PM Modi to launch 300 projects worth Rs 65,000 crore including solar parksThe second ground breaking ceremony, where the UP government plans to launch around 300 projects worth about Rs 65,000 crore, is expected to be inaugurated by Prime Minister Narendra Modi on February 27 in Kanpur. “The ceremony has been planned for Kanpur as the first one was held in Lucknow. Kanpur is also an industrial city and we would like to encourage the development of the city... Read more.. |
India, Germany agree to provide financial support to climate conservation projectsIndia and Germany on Wednesday agreed to provide financial support to climate conservation projects aimed at reducing greenhouse gas emissions, promoting renewable energies and sustainable forest management in India. Addressing the third Indo-German Environment Forum in New Delhi, German Federal Minister for Environment, Nature Conservation and Nuclear Safety, Svenja Schulze said, "India is an important partner in climate policy. We appreciate India's ambitious climate goals and we support India in reaching them. Minister Vardhan and I have agreed on additional... Read more.. |
Trial run of Ukkadam solar power plant onThe city corporation has commenced the month-long trial run of solar power plant at Ukkadam. The plant would be inaugurated shortly after the trail period. “Till date, we have not witnessed any major failure during the trail run,” said a corporation official. With 3,168 panels, the plant was set up at a cost of Rs 5.5 crore. Each panel comes with 320 watts capacity. After inaugurating the plant, the city corporation is likely to set up an educational hub to create awareness among the public, especially students, on the solar plant project. “Students will be... Read more.. |
India gets first grid-scale battery energy storage systemThe 10 MW grid-connected system, owned by AES and Mitsubishi Corporation, will pave the path for wider adoption of grid-scale energy storage technology across India. It uses the Advancion energy storage platform from Fluence, a joint venture formed by Siemens and AES. Speaking at the launch, Praveer Sinha, CEO and managing director of Tata Power said: “Grid-scale energy storage will pave the way for ancillary market services, power quality management, effective renewable integration and peak load management of Indian grids.” The project, at Tata Power Delhi Distribution’s substation in... Read more.. Date : Feb 14 Source: PV Magazine
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Volvo wants to lead EVs race in India Volvo set up a facility near Bengaluru to assemble its vehicles locally in 2018 to compete more aggressively in the highly competitive 40,000-unit luxury car market. Having been on the fringes of the Indian luxury car market, Swedish luxury carmaker Volvo Car India wants to lead the way in the electrified vehicle portfolio in the country ahead of its German rivals. Volvo, which has already finalised plans to... Read more.. |
Amazon’s streamlined plastic packaging is jamming up recycling centersOver the last year, Amazon.com Inc. has reduced the portion of shipments it packs in its cardboard boxes in favor of lightweight plastic mailers, which enable the retailing giant to squeeze more packages into delivery trucks and planes. But... Read more.. |
Arvind to reduce 20,000 tonnes carbon emissions annuallyArvind is aiming to reduce carbon emissions by 30 per cent with the installation of rooftop solar projects across its Ahmedabad, Santej and Bangalore facilities and by shifting to renewable biomass for boilers. The company is looking forward to reducing 20,000 tonnes of carbon emissions annually and over 500,000 tonnes of carbon emissions over its lifetime. As company ramps up further through the three-phase installation, it plans to target 40 MW captive solar capacity over time. This is India’s largest installation of rooftop solar at a... Read more.. |
H&M and EMA to work together on circularityH&M USA and the Environmental Media Association (EMA) have joined hands to bring awareness on circularity in fashion. The EMA has called on some of their celebrity friends, including Malin Akerman, Constance Zimmer, Emmanuelle Chriqui and Karrueche Tran to spread the word on H&M's garment collecting programme through viral videos on social media. The partnership kicked off with an intimate event at H&M's Sunset Blvd store, where stakeholders and friends... Read more.. |
India deployed more than 25GW of solar by 2019 - MinistryIndia's total solar PV deployment hit 25.21GW by the end of last year, according to figures supplied to parliament by the minister for new and renewable energy and power, R.K. Singh. Consultancy firm Bridge to India has earlier also reported that India had passed the 25GW milestone in the second half of last year. As of... Read more.. |
India, China leading global greening effort: NASA studyIndia and China are leading the global greening effort, which is quite contrary to the general perception worldwide, a latest NASA study said Monday, observing that the world is a greener place than it was 20 years ago. The NASA study based on data received and analysed from its satellite said that India and China are leading in greening on land. "China and India account for one-third of the greening but contain only 9 per cent of the planet's land area covered... Read more.. |
India on track to fulfilling climate commitments: Harsh Vardhan at World Sustainable Development Summit 2019Building on the momentum of last year’s summit, The Energy and Resources Institute (TERI), one of India’s leading think tanks, kickstarted the World Sustainable Development 2019 (WSDS 2019). The summit was inaugurated by M. Venkaiah Naidu, Vice President, at Vigyan Bhawan today in New Delhi. Nitin Desai, Chairman, TERI, delivered the welcome address. This year, TERI honoured Prime Minister of Fiji Frank Bainimarama... Read more.. |
Major boost for 4 hydro projects worth Rs 45,000 crore The government expects a big push to hydropower sector having received clearances for four projects worth about Rs 45,000 crore. Last week, the project investment board (PIB) of finance ministry recommended NHPC’s Rs 28,000 crore Dibang project and a proposal to acquire and complete Lanco Infratech’s Teesta VI project worth nearly... Read more.. |
Global energy arena changing: PM ModiPrime Minister Narendra Modi on Monday said globally the perception of energy consumption and supply is changing and nations are coming together to tackle climate change. |
Govt may cancel 50 GW coal-based power projects; additional 46 GW facing risk: S&P GlobalThe Indian government might cancel about 50 gigawatt (GW) of coal-based power projects in the near future, according to S&P Global Platts. An additional 46 GW coal-based capacity, currently under construction, is also at risk. "Over the past couple of years, coal projects of over 37 GW have been deferred with another 13 GW... Read more.. |
Agra–Mathura to get 100 electric buses, new depot at RunaktaThe state government has planned to operate 580 electric buses on contract basis in nine major cities. Out of these, 100 buses will be operated in two cities under the eco sensitive Taj Trapezium Zone (TTZ). The Agra-Mathura city transport service limited has forwarded a proposal to the state government in this regard. Besides,... Read more.. |
Punjab govt inks MoU with Virgo Corp for biofuel projectThe Punjab government Monday signed an MoU with a Delhi-based company for a Rs 630-crore biofuel projectwhich will produce renewable fuel from rice husk. Punjab Chief Minister Amarinder Singh said that the project would go a long way in containing environmental pollution due to stubble burning, besides supplementing the income of farmers by helping turn unmanageable agro-waste into raw material for producing biofuel. The technology for the project will be provided by the US giant Honeywell. |
