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Sustainability Outlook Headlines

SEBI mulls disclosure norms for MF ESG schemes, seeks public comments

The Securities and Exchange Board of India (Sebi) is considering introducing a disclosure and investment framework for mutual fund (MF) environment, sustainability and governance (ESG) schemes. In a discussion paper floated on Tuesday, the market regulator has sought public comments on various issues pertaining to ESG investments. “Whether responsible investment policy should be revised to contain a clause that from October 1, 2022, AMCs shall only invest in securities which have business responsibility and sustainability report (BRSR) disclosures?,” the regulator has asked. Currently, top... Read more..

Source: Business Standard

IEX to commence trade in Energy Saving Certificates

The Indian Energy Exchange (IEX), India’s premier energy trading platform, will commence trade in Energy Saving Certificates (ESCerts) under Perform, Achieve and Trade Cycle-II (PAT-II) scheme, the company said on Tuesday. The trading on the exchange will happen once a week every Tuesday. PAT-II aims at achieving overall energy savings of 8.87 MTOE (million metric tonnes of oil equivalent) and covers 621 designated consumers spanning across 11 energy intensive industry sectors. Petroleum refinery, railways and power distribution utilities have been added under PAT-II, besides the eight... Read more..

Source: Live Mint

Project to control air pollution from dispersed sources will be implemented in Delhi with special focus during the coming winter season: Commission for Air Quality Management (CAQM)

Considering the large number of non-point dispersed sources contributing to air pollution in Delhi, a Project to control air pollution from dispersed sources will be implemented in Delhi with special focus during the coming winter season. The Commission for Air Quality Management in NCR and Adjoining Areas (CAQM) with the support of an NGO, Air Pollution Action Group (A-PAG), had initiated a Pilot Project with the active help of South Delhi Municipal Corporation (SDMC) in its jurisdiction in the month of December, 2020 to abate air pollution from large number of non-point dispersed sources... Read more..

Source: PIB

First in State, Pune ZP implements water schemes based on solar energy

Majority of the villages in Pune district have tap water and public water distribution system. But loadshedding or pending electricity bills hamper the water distribution. Thus, Pune Zilla Parishad has decided to switch over to Solar energy to pump over 1, 191 water pumps in various villages. First in Maharashtra State to implement such an ambitious scheme, the scheme will be implemented phase wise. Three horsepower, five horsepower, 7.5 horsepower and 10 horsepower pumps will be used on solar energy. Generally, the Grampanchyat is responsible to pay the electricity bills for water... Read more..

Source: Punekar News

Singapore to launch standards for renewable energy certificates - minister

Singapore plans to launch a set of standardized guidelines for renewable energy certificates (RECs) in efforts to decarbonise its power sector and develop a regional grid, a minister said on Tuesday. "These guidelines will help support renewable energy deployment in Singapore and in the region, supporting the development of a regional grid that taps different types of low carbon energy sources in the region," Tan See Leng, Minister for Manpower and Second Minister for Trade and Industry said at the Asian Clean Energy Summit.

Source: NASDAQ

Ahead of COP26 summit China releases action plan to peak carbon dioxide emissions before 2030

China, the world’s largest greenhouse gas producer, on Tuesday released an ambitious action plan to peak carbon dioxide emissions before 2030, according to which the share of non-fossil energy consumption will be about 25 per cent and carbon dioxide emissions per unit of GDP will drop by more than 65 per cent compared to 2005 levels. China's Cabinet known as the State Council, has put forward the main objectives for the 14th Five-Year Plan period (2021-2025) and the 15th Five-Year Plan period (2026-2030), which included increasing the share of non-fossil energy consumption, improving... Read more..

Source: The Week

Union Minister of Power & New and Renewable Energy launches the Green Day Ahead Market (GDAM)

Shri R K Singh, Union Minister of Power & New and Renewable Energy, launched the new market segment, Green Day Ahead Market (GDAM) today.

On the occasion the Minister said that we are opening doors for Renewable Energy. In the set  of reforms including the launch of GDAM today,any interested party  can setup renewable energy capacity and sell it to Discoms / industries . sell renewable energy. Advantages of free ISTS will be available and Open access will be granted within 15 days.Large industries can go green.  Our efforts have been to make  doing the business simpler and GDAM... Read more..

Source: PIB

PXIL to launch ESCerts trading from Tuesday

The Power Exchange India (PXIL) on Monday said trading of ESCerts under the Perform, Achieve and Trade (PAT) scheme - cycle II will commence from October 26. The company had conducted a mock trading session on October 8, 2021, which received encouraging reception, PXIL said in a statement. 'ESCerts' are the Energy Savings Certificates issued by the Central Government in the Ministry of Power to the Designated Consumer under sub-section (1) of section 14 (A) of Energy Conservation Act, 2001. ESCerts is a tradable certificate for EE (energy efficiency) mandates under Energy Conservation Act... Read more..

Source: Economic Times

Gadkari bats for green hydrogen; says India needs to reduce oil imports

Batting for green hydrogen as a transport fuel, Union Minister Nitin Gadkari on Monday said there is a need to make India a country that will not be dependent on imports of petrol and diesel. Speaking at an event, Gadkari regretted that some countries are also using proceeds from the sale of petrol and diesel to finance terrorism. "Green hydrogen is better than petrol and diesel. The transport sector is witnessing a big change. "We want to make a country which will not be dependent upon the import of petrol and diesel but will export fuel," the road transport and highways minister said,... Read more..

Source: Economic Times

Businesses in Sweden, India taking concrete steps to meet challenges of green transition: Håkan Kingstedt, Chairman of SIBC

On October 26, 2021, India and Sweden are set to celebrate the 8th Innovation Day. The online event themed “Accelerating India Sweden’s Green Transition” is hosted by India Unlimited in association with the Embassy of India in Sweden, Sweden-India Business Council (SIBC), industry body Confederation of Indian Industry (CII) and Start-Up India.

Tanmaya Lal, Ambassador of India to Sweden and Latvia and other top ministers from India and Sweden will be delivering their address during the day-long virtual event.

Dr Jitendra... Read more..

Source: Financial Express

Union Steel Minister Calls for Enhancing Production of Quality Steel; Also Calls for Reduced Dependence on Imports; Sh. RCP Singh Stresses on Importance of Reducing Carbon Footprint while Enhancing Production.

Ministry of Steel organized a daylong Seminar on the PLI Scheme for Specialty Steel here today. The objective of the seminar was to provide a platform to the stakeholders for brainstorming key features of the PLI scheme, to leverage the opportunities and resolve the challenges that the industry may foresee. The seminar was organized along with MECON Ltd, FICCI and Invest India.Union Minister of Steel Shri Ram Chandra Prasad Singh presided over the seminar and MoS Steel sh. Faggan singh Kulaste delivered special address on the occasion. Sh. Pradip Kumar Tripathi, Secretary Steel and other... Read more..

Source: PIB

Jharkhand govt focuses on solar-based irrigation projects

The Jharkhand government on Monday said it is focusing on adopting renewable energy to boost income of farmers and curb their migration to other states. With this, over 6,000 families have already benefitted in the state. "With farmers at the centre of the development process, Jharkhand is working tirelessly to ensure availability of year-round irrigation facilities across the state. Given this, the state government is installing solar-based lift irrigation facilities in the districts, a statement issued by the state government said. Initially, the government is installing this facility... Read more..

Source: The Week

Shri Hardeep Singh Puri says the cost of energy should not be allowed to outstrip the paying capacity of consuming nations;

Union Minister of Petroleum and Natural Gas & Housing and Urban Affairs Shri Hardeep Singh Puri today said that unless the prices of crude oil are maintained at sustainable levels, it will severely impact the green shoots of global economic recovery. In his Closing Remarks at India Energy Forum CERAWEEK, referring to the latest Commodity Markets Outlook by World Bank, the Minister said that the cost of energy should not be allowed to outstrip the paying capacity of consuming nations. And this imperative needs to be configured by the consuming countries, in planning their production... Read more..

Source: PIB

Power Minister calls for enhanced action on energy efficiency by States

Union Minister for PowerShri R. K. Singh chaired a virtual meeting today withsenior officials from State Governments and industry partners to review the current level of activities in the field of energy efficiency and clean energy transition being implemented by State Agencies. This is necessary in view of India’s commitment to energy transition and to fulfill Paris Agreement Goals. During June, 2021 the Union Power Minister had interacted with concerned Ministries and Departments of Central Government and it was concluded that state agencies will also have to play more active role in... Read more..

Source: PIB

COP26 meet: India, UK, Australia to launch new group IRIS

India, along with Australia, the UK and small island developing states (SIDS) will be launching a new grouping of Infrastructure for Resilient Island States (IRIS) on the sidelines of the upcoming Conference of Parties (COP26). The platform is aimed at creating a coalition for putting in place infrastructure that can withstand natural disasters and lessen economic losses in island nations. Australia, India and the UK have committed an initial funding of $10 million for IRIS. “More countries, including Japan, are expected to contribute to the initiative. IRIS is currently at the inception... Read more..

Source: Business Standard

Rules for Promotion of generation from renewable sources of energy by addressing Must Run and other matters

Ministry of Power notifies rule for the sustainability of the electricity sector and promotion of clean energy to meet the India’s commitment towards Climate Change. The investors and other stakeholders in the power sector had been concerned about the timely recovery of the cost due to change in law, curtailment of renewable power and other related matters. The following Rules notified by the Ministry of Power under Electricity Act, 2003 are in the interest of the electricity consumers and the stakeholders: i) Electricity (Timely recovery of costs due to Change in Law) Rules, 2021. ii)... Read more..

Source: PIB

Kerala CM to inaugurate CIAL's hydro power project at Kozhikode

The Cochin International Airport Ltd (CIAL), which is world's first fully solar powered airport, has now ventured into hydro power production and plans to provide power from its plant at Arippara near Kozhikode to the KSEB from November first week. Kerala Chief Minister Pinarayi Vijayan will inaugurate the plant which estimates an annual power generation of 14 million unit, on November 6, CIAL authorities said on Sunday. CIAL said the 4.5 MWp run off the river small hydro project (SHP) was awarded to it by the state Power Department as per the Kerala Small Hydro power policy under Built-... Read more..

Source: Economic Times

Shri Piyush Goyal and Smt. Darshna Jardosh interact with Textile Machinery Manufacturers

Shri Piyush Goyal , Union Minister for Commerce and Industry, Textiles , Consumer Affairs, Food & Public Distribution has urged the Textile industry to focus on speed, skill and scale and get into innovative partnership. He called for developing 100 Indian textile machinery champions recognized across the world. This was stated by Shri Piyush Goyal , Minister for Commerce and Industry, Textiles , Consumer Affairs, Food & Public Distribution, while interacting with the Textile Machinery Manufacturers in a video conference on the topic ‘Technology Gap and Way Forward for Textiles... Read more..

Source: PIB

Fourth Assembly of the International Solar Alliance closes with a promise to achieve $1 trillion global in solar investments by 2030

The fourth general assembly of the International Solar Alliance (ISA), was held virtually between October 18th and October 21st, 2021. It was presided by Union Minister Shri R.K. Singh, Minister for Power, New and Renewable Energy, Government of India and the President of the ISA Assembly.A total of 108 countries participated in the Assembly, including 74 Member Countries and 34 Observer & Prospective Countries, 23 Partner Organizations and 33 Special Invitee Organisations also participated.U.S.Special Presidential Envoy for ClimateJohn Kerry delivered the keynote address, and the... Read more..

Source: PIB

Foreign Secretary travels to India to strengthen economic and tech ties, October 2021

Foreign Secretary Liz Truss will today (Friday 22nd October) announce a series of tech and infrastructure tie-ups with India to boost both economies and help developing countries grow in a clean and sustainable way. During a two-day trip to Delhi and Mumbai, the Foreign Secretary will outline agreements to deepen investment ties between the two countries and work together on finance and technical support packages for the developing world. The deals include more tech transfer and knowledge sharing with developing countries alongside heavy capital investment – a model that the UK is looking... Read more..

Source: Gov.UK

Haryana to announce electric vehicle policy within a month: Deputy CM

The Haryana government will come out with Electric Vehicle Policy-2021 within one month, Deputy Chief Minister Dushyant Chautala said on Thursday. Chautala, who also holds the portfolio of the Industries and Commerce Department, said this after a meeting on "Haryana Electric Vehicle Policy-2021" with senior officers of various departments here. He said the government is consistently working to ensure that the policy being formulated for e-vehicles is the best in the country. The deputy chief minister also said that for the framing of this policy, three rounds of discussions have been held... Read more..

Source: Economic Times

India needs to further reduce solar, wind costs for green hydrogen plans: Amitabh Kant, Niti Ayog

India should accelerate wind and solar power installations and bring down costs radically for its green hydrogen plans, said Amitabh Kant, chief executive officer, NITI Aayog at a virtual event on Thursday. He said that India was poised to become a global hub for electrolyser manufacturing and green hydrogen products in the coming years only because the solar prices are low and should be further brought down. “In the initial years, we will have to mandate the use of green hydrogen in the hard-to-abate sectors so that the prices come down. The prices are between $4 per kg… They need to come... Read more..

Source: Economic Times

GAIL seeks to procure India's largest Hydrogen electrolyser

GAIL (India) is in the process of procuring what could be the largest Hydrogen electrolyser in India. Speaking at the side lines of India Energy Forum by CERAWeek, GAIL Chairman Manoj Jain said that a global tender for the same has already been floated for the 10 MW electrolyser. “The electrolyser will be deployed in the next 12 to 14 months,” Jain said adding that it may be deployed in Vijaipur, Madhya Pradesh, but the final location has not yet been decided. GAIL presently has a 400,000 tonnes per annum Liquefied Petroleum Gas (LPG) plant in Vijaipur. GAIL’s electrolyser will outmatch... Read more..

Source: Business Standard

UN Climate Champions launch guiding principles for climate-aligned hydrogen deployment

The United Nations High-Level Champions for Climate Action, Gonzalo Muñoz and Nigel Topping, and the global partners of the UN Marrakech Partnership are today publishing the result of months-long collaboration to strengthen and ground discourse on the role of hydrogen in decarbonization efforts. The ‘Guiding Principles for Climate-Aligned Hydrogen Deployment’ will assist stakeholders in managing complex issues of path dependency, emissions accounting, and health and socioeconomic equity. These principles can help to streamline the emerging production and use of low- to zero-carbon hydrogen... Read more..

Source: UNFCCC

Power and MNRE Minister calls upon the world to work together to make energy access available to all using solar and renewable energy

Shri R.K. Singh Union Minister for Power and New and Renewable Energy and the President of International Solar Alliance welcomed all the members, signatory countries, prospective member countries, partner organizations, and special invitee organizations to the Fourth Assembly of the International Solar Alliance. He requested all the delegates for a one-minute silent prayer for the victims of the COVID-19 pandemic. In his opening address at the inaugural ceremony of the ISA General Assembly where 106 countries are participating in the discussions, Shri Singh said that adoption of renewable... Read more..

Source: PIB