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Sustainability Outlook Headlines
Dramatic action needed on climate change: UNThe world must redouble efforts to halt global warming before it is too late, the UN's climate chief said Monday as nearly 200 nations kicked off talks in Bonn. "Our window of time for addressing climate change is closing very quickly," Patricia Espinosa told journalists. "We need to dramatically increase our ambition." ... Read more.. |
Greenko backer ADIA plans more renewable energy investmentsAbu Dhabi Investment Authority (ADIA), the world’s third-biggest sovereign wealth fund, said it may invest more in renewable energy, as climate change fears prompt fund managers even in the oil-rich Middle East to look beyond fossil fuels. “The world’s energy industry is in the early stages of a fundamental shift from fossil fuels to a more sustainable reliance on a range of renewable technologies,” ADIA... Read more.. |
Village electrification definition has lost relevance: CentreThe definition of village electrification is a legacy issue and does not reflect the actual level of success attained on ground, Union Power Ministry said in a statement on Monday. While declaring that more than 80 per cent of the rural households now had electricity connection, the government said it had achieved more than the required 10 percent target for a village to be declared electrified. “Definition... Read more.. |
Maruti Suzuki bets big on CNG, hybrid carsMaruti Suzuki India (MSI) plans to go full throttle to develop various kinds of alternate technologies, including CNG powered cars and hybrid vehicles, and not just electric vehicles, a top company official said . The carmaker, which already has a market share of 50 per cent in the domestic passenger vehicle segment, is keen to partner government or oil companies in order to push for CNG powered vehicles in... Read more.. |
Hugo Boss Sets Sustainable Material Targets, Emphasizes Circular FashionThe Hugo Boss Group is developing sustainable sourcing strategies for its most important materials based on natural capital valuations, according to the global apparel company’s latest sustainability report. This month Hugo Boss published its fifth sustainability report. For the first time, it contained the non-financial report required by CSR-RUG, the European CSR Directive Implementation Act. Headquartered... Read more.. |
Smart city board’s nod to pilot projects in Pimpri ChinchwadThe Pimpri Chinchwad Smart City Limited (PCSCL) on Monday approved the implementation of pilot projects in the city. At a meeting of the board of directors, public bicycle sharing, rooftop solar power generation and e-learning in municipal primary and secondary schools got the nod. “Public bicycle sharing... Read more.. |
All Indian villages now have access to power supplyManipur's Leisang village became the last non-electrified inhabited village to join India's mainline supply network at 5.30pm on Saturday, an important milestone in the country's journey towards universal electricity access. This means that all 597,464 inhabited villages in the country now have access to power, fulfilling a promise the PM had made on August 15, 2015, when he announced that all unelectrified... Read more.. |
Solar grouping ISA to create ecosystems for startups in solar innovations
International Solar Alliance (ISA) will create ecosystems for startups in solar innovations by enabling incubation, partnerships, access to finance and standards. The task force, set up in March this year by ISA, is being chaired by SoftBank Group Corp Chairman & CEO Masayoshi Son. The task... Read more.. |
Government set to seek 20 gigawatt solar bidsThe government is ready with tenders for an addition of 20 gigawatt (20,000 mega watt) solar power, with the successful bidder mandated to have production facility to manufacture nearly half the equipment requirement. The generation capacity is proposed to be added over the next three years and is one of the most ambitious programmes undertaken by the government so far, as it seeks to ramp up renewable energy production in the country from around 70 GW to around 225 GW in four years. Sources told TOI that the first tender is ready to be issued and addresses concerns related... Read more.. Date : Apr 30 Source: The Times of India
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Government declaring all protected areas 'plastic free zones' symbolic initiative: GreenpeaceGreenpeace India has termed the recent move by the environment ministry declaring all protected areas in the country 'plastic-free zones' as a "symbolic initiative" and said production of plastics should be controlled to achieve real reduction in such wastes. Ahead of World Environment Day on June 5, the environment ministry had recently banned plastics in all protected areas across the country, thus... Read more.. |
Alappuzha model for waste disposalThough it is home to Asia's cleanest village Mawlynnong, also dubbed God's own Garden, Meghalaya will take a leaf out of Alappuzha in far away God's own country to manage its waste. On a pilot project, Meghalaya will implement the Alappuzha model of waste management in Shillong and Tura as the state struggles to give itself a clean image ahead of the 2022 National Games which it will host.... Read more.. Date : Apr 30 Source: The Telegraph
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Poorer nations will suffer climate change effects more than richer nationsClimate inequality or climate change effects and mitigation both placing a heavier burden on poor nations has figured in almost all climate negotiations. Poor countries are confronted with a vastly shrunken room for emission today, limiting the room for hydrocarbon fuelled growth, and battling and adapting to climate change effects is also going to impose a larger cost on them. Luke Harrington, at the University of Oxford, has developed a map of “equivalent impacts” which shows that global temperatures would... Read more.. |
Green certificates sales on power exchanges up 42 per cent in AprilSales of renewable energy certificates (RECs) jumped 42 per cent in April to 10.62 lakh units on the Indian Energy Exchange (IEX) and Power Exchange of India (PXIL) compared to 7.46 lakh in the same month a year ago, as per official data. The Renewable Purchase Obligation (RPO) is mandated by central/state regulatory commission and is applicable to power distribution companies, open access consumer and... Read more.. |
India’s first industrial solar microgrid commissioned in GujaratSwedish-Swiss multinational giant ABB today announced it has commissioned India’s first industrial solar microgrid at its Vadodara manufacturing facility in Gujarat. Microgrids with integrated battery energy storage allow cutting down of planned and unplanned power outages. When are often connected to renewable energy sources and provide more control to companies on how and when to deploy the stored power.... Read more.. |
Siemens Gamesa bags wind turbine order of 300 MW in IndiaSiemens Gamesa Renewable Energy today said it has bagged its largest wind turbine order of 300 MW in India from Sembcorp Green Infra -- a fully owned subsidiary of Sembcorp Energy India. Siemens Gamesa Renewable Energy's positioning in India has received an important boost with this order, its largest ever in this market, a company statement said. ... Read more.. |
Grundfos bets big on solar, smart pumps in IndiaGrundfos India Ltd is expanding its network with the aim of doubling revenue to Rs 1,000 crore in the next four years, betting big on an innovative ‘Make in India’ solar pump for rural areas and intelligent pumping solutions for civic bodies, water-intensive industries and building segments. “We closed 2017 with a turnover of Rs 500 crore. We see Rs 1,000 crore turnover as per Indian GAAP in four years,”... Read more.. |
PM Modi says Karnataka’s renewable energy capacity doubled in 4 yearsAhead of the upcoming Karnataka assembly polls, Prime Minister Narendra Modi on Thursday said the state’s renewable energy capacity work has doubled in the past four years. He was interacting with party workers in the state through the NaMo app to motivate their morale. "In Karnataka, after we came to power, Rs 17,000 crore was given to the state to construct national highways. During UPA rule, they did not... Read more.. |
Voluntary code on corporate governance, transparency soon: CII PresidentA voluntary code of conduct for industry towards greater transparency and better corporate governance is on high priority for the new CII President Rakesh Bharti Mittal in the wake of scams afflicating the banking sector regarding corporate loans. "We will be bring out voluntary codes of corporate governance for industry compliance -- one for large companies, another for smaller ones and one for the... Read more.. |
UK corporate giants sign pact to cut plastic wasteMore than 40 British companies including major retailers and soft drinks companies on Thursday pledged to eliminate unneccessary plastic packaging as part of an anti-pollution push. The 42 firms, responsible for 80 percent of plastic packaging sold in Britain, have signed up to a pact that aims to tackle plastic pollution over the next seven years through a series of measures. ... Read more.. Date : Apr 27 Source: India.com
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Uttarakhand Cabinet approves use of dry pine leaves for generating powerThe Uttarakhand Cabinet gave its nod to a policy, permitting commercial use of dry pine leaves, considered the main factor behind forest fires in the state, for generating electricity. The cabinet's clearance to the policy will pave the way for generation of 100 MW of electricity from dry pine leaves, besides setting up of briquetting and bio-oil plants, Urban Development minister Madan Kaushik, who is also... Read more.. |
Tata Power Renew may invest Rs6,100 crore in Andhra, Karnataka solar power projectsTata Power Renewable Energy Ltd (TPREL) is eyeing upcoming solar power auctions for 1,200MW in Andhra Pradesh and Karnataka for Rs6,100 crore, two people aware of the development said. In Andhra Pradesh, TPREL is planning to bid for Solar Energy Corp. of India’s (SECI) 500MW projects at Kadapa Solar Park. In Karnataka, it plans to bid for 700MW solar photovoltaic projects. ... Read more.. Date : Apr 26 Source: Live Mint
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Global wind capacity to rise by more than half in next five yearsGlobal wind energy capacity could increase by more than half over the next five years, as costs continue to fall and the market returns to growth at the end of this decade, a report by the Global Wind Energy Council shows. In its annual report on the status of the global wind industry, the GWEC said cumulative wind energy capacity stood at 539 gigawatts (GW) at the end of last year, 11 percent higher than... Read more.. |
With 17 cities, Maharashtra tops states analysed for pollution dataThe Central Pollution Control Board (CPCB) has sounded the death knell to 94 cities in the country where pollution levels are not meeting the set standards. Topping the chart are Maharashtra with 17 cities and Uttar Pradesh with 15 cities. The board has pinned the blame on civic bodies for “not sharing responsibilities” to curb air pollution. “If civic bodies can provide clean water, why can’t they provide... Read more.. |
SBI Magnum Equity Fund will become SBI Magnum Equity ESG FundSBI Mutual Fund has changed the fundamental attributes of around 20 schemes. These changes were incorporated to comply with Sebi's new recategorisation norms of mutual funds. Sebi has issued a circular on categorisation and rationalisation of open ended mutual fund schemes in October last year. And many mutual funds have already incorporated changes and some are in the process of changing or merging some of... Read more.. |
J-K Cabinet approves setting up of JK Renewable Energy CorporationThe Jammu and Kashmir cabinet today approved setting up of Jammu and Kashmir Renewable Energy Corporation. The decision was taken at the cabinet meeting chaired by Chief Minister Mehbooba Mufti here. The corporation will be a private limited company wholly owned by the state government with an authorised... Read more.. |
