You are here

Home > Headlines

Sustainability Outlook Headlines

Govt will ask all vehicle makers to produce flex-fuel engines: Gadkari

Union minister Nitin Gadkari on Wednesday said that the government will ask all vehicle manufacturers to make flex-fuel engines under the Euro VI emission norms in the next six-eight months. Flex-fuel, or flexible fuel, is an alternative fuel made of a combination of gasoline and methanol or ethanol.

Addressing an event, Gadkari further said in the next 15 years, Indian automobile industry will be worth Rs 15 lakh crore. "We were planning to submit an affidavit in the Supreme Court to allow manufacturing of flex-fuel engines under the Euro IV emission norms...But now I feel that we... Read more..

Date : Oct 21
Source: Economic Times

India's 450GW renewable energy goal by 2030 doable, says John Kerry

"India is a close partner and the United States strongly supports India's goal of reaching 450GW of renewable energy by 2030," he said.
U.S. Special Presidential Envoy for Climate John Kerry on Wednesday said India's goal of reaching 450 GW of renewable energy (RE) by 2030 is doable as it has already crossed the 100 GW RE mark.

"It is really terrific to see India leading the ISA (International Solar Alliance). India is a close partner and the United States strongly supports India's goal of reaching 450GW of renewable energy by 2030."

"We believe that it's absolutely... Read more..

Date : Oct 21
Source: The Hindu

REC Limited closes US$75million SOFR linked Term Loan with Sumitomo Mitsui Banking Corporation (SMBC)

In a first for any NBFC in India, REC Limited has successfully raised a USD 75 million, 5-year Secured Overnight Financing Rate ("SOFR") linked Syndicated Term Loan on October 7, 2021, with Sumitomo Mitsui Banking Corporation (SMBC), Singapore Branch appointed as the sole Mandated Lead Arranger and Bookrunner. Along with the loan, REC has also entered into interest rate swap referencing SOFR to hedge the interest rate risk on this facility, which is the first such deal by any Corporate in India.

The proceeds from this facility shall be utilized to fund infrastructure power sector... Read more..

Date : Oct 21
Source: PIB

Sun Mobility gets $50 million from Vitol to accelerate global EV infra network

Sun Mobility’s Chetan Maini: “As part of Sun Mobility’s long-term strategy to build affordable EV technologies in India, we will be deploying the funds into capacity expansion.”
Bangalore-based Sun Mobility, the fast-growing provider of energy infrastructure and services for electric vehicles, has closed a $50 million (Rs 370 crore) funding round by Dutch energy and commodity trading company Vitol. The strategic investment is expected to significantly accelerate and expand Sun Mobility’s services across India and select global markets.

Vitol has been serving the world’s energy... Read more..

Date : Oct 20
Source: Autocarpro

PM to interact with CEOs and Experts of Global Oil and Gas Sector on 20th October

Prime Minister Shri Narendra Modi will interact with CEOs and Experts of Global Oil and Gas Sector on 20th October, 2021 at 6 PM via video conferencing. This is sixth such annual interaction which began in 2016 and marks the participation of global leaders in the oil and gas sector, who deliberate upon key issues of the sector and explore potential areas of collaboration and investment with India. The broad theme of the upcoming interaction is promotion of clean growth and sustainability. The interaction will focus on areas like encouraging exploration and production in hydrocarbon sector... Read more..

Date : Oct 20
Source: PIB

Government revisits proposal of 2014 panel on new umbrella green law

Exploring ways to draft a new umbrella green law subsuming all existing environmental legislations, the government has revisited recommendations of the sevenyear old high-level committee that had suggested clubbing Air Act and Water Act with the Environment Protection Act of 1986 while treating laws on forests and wildlife separately. Though the process to streamline existing green laws through certain amendments had been in progress at the environment ministry for the last couple of years, the recent move was triggered by the Centre"s plan to treat this aspect on priority as it figured in... Read more..

Date : Oct 20
Source: Times of India

India only G20 nation well on track to achieve Paris agreement goal: Amitabh Kant

India"s efforts in mainstreaming sustainability and reducing carbon footprint should inspire countries across the world, Niti Aayog CEO Amitabh Kant said on Tuesday, while pointing out that India is the only G20 nation well on track to achieve the goals mentioned under the Paris Agreement. Addressing the "Schneider Innovation India summit 2021" virtually, Mr. Kant said India introduced the faster adoption of electric mobility policy which is facilitating India"s transition to clean mobility. "Our efforts in mainstreaming sustainability and reducing our carbon footprint should inspire... Read more..

Date : Oct 20
Source: The Hindu

India, EU hold 3rd Strategic Partnership meet; discuss COVID, Climate Change, other issues

The third India-EU Strategic Partnership Review took place on October 19 in Brussels, according to the statement released by the Ministry of External Affairs (MEA) on Tuesday, October 19. Both, India and the EU discussed the best ways to work together to combat the COVID-19 pandemic and its effects on economies, societies, and individuals. MEA said in the press release, "Following the India-EU Leaders" Meeting of 8th May 2021, which set a clear path for further deepening ties between India and the EU, the meeting allowed for a comprehensive review of the Strategic India-EU Partnership,... Read more..

Date : Oct 20
Source: Republic World

India, Israel, UAE, U.S. decide to launch quadrilateral economic forum

India, Israel, the United Arab Emirates (UAE) and the United States decided to launch a new quadrilateral economic forum, as External Affairs Minister S. Jaishankar joined his counterparts at a meeting via videoconference from Jerusalem, where he is on a five-day visit. The quadrilateral, which followed his bilateral meeting with Israeli Alternate Prime Minister and Foreign Minister Yair Lapid, builds on ongoing cooperation between the U.S.-Israel-the UAE after the Abraham Accords last year that saw the UAE and Israel establish diplomatic ties, and the India-Israel-the UAE cooperation that... Read more..

Date : Oct 20
Source: The Hindu

International Solar Alliance and Bloomberg Philanthropies sign pact to mobilize $1 trillion solar funding

Bloomberg Philanthropies and the International Solar Alliance (ISA) today announced a partnership to mobilize $1 trillion in global investments for solar energy across ISA’s member countries. The two organizations will kick off the partnership by working with World Resources Institute (WRI) to develop a Solar Investment Action Agenda and a Solar Investment Roadmap, which will be launched at COP26 and in 2022, respectively. To support the new partnership, BloombergNEF (BNEF) released the Scaling Up Solar in ISA Member Countries report, which will serve as the analytical backing for both the... Read more..

Date : Oct 20
Source: Economic Times

Remaining global carbon budget meagre, the World needs rapid and transformative actions: Shri Bhupender Yadav at LMDC ministerial

Participating virtually in the Like Minded Developing Countries (LMDC) Ministerial meeting titled "Preparations for COP 26 on Climate Change " Expectations and Challenges' today, Union Minister for Environment Forest and Climate Change,Shri Bhupender Yadav today called for rapid reduction of emissions by developed countries in this decade.

Shri Yadav in his address noted that world needs rapid and transformative actions, in view of the fact that the remaining global carbon budget is meager and will be exhausted within this decade at the current rate of global emissions. He also... Read more..

Date : Oct 19
Source: PIB

NITI Aayog Launches Geospatial Energy Map of India

Geospatial Energy Map of India was launched by Dr Rajiv Kumar (Vice Chairman, NITI Aayog), Dr V K Saraswat (Member, NITI Aayog), and Shri Amitabh Kant (CEO, NITI Aayog) on 18 October 2021. Dr K Sivan, Chairman ISRO & Secretary Department of Space attended the launch event.

NITI Aayog in collaboration with Indian Space Research Organisation (ISRO) has developed a comprehensive Geographic Information System (GIS) Energy Map of India with the support of Energy Ministries of Government of India. The GIS map provides a holistic picture of all energy resources of the country which... Read more..

Date : Oct 19
Source: PIB

NTPC Renewable invites EoI for 15,000 MW module supply

NTPC Renewable Energy Ltd (NREL), the renewable energy arm of state-run power producer NTPC, has invited expression of interest (EoI) from domestic module manufacturers to procure 15,000 mega-watt (MW) of solar panels for its projects over the next five years. Keeping in mind the company's future renewable energy capacity addition plans, NREL "desires to enter into long term sourcing partners for solar photo voltaic (PV) modules to develop its renewable energy portfolio either by way of direct sourcing tie ups or through a contract manufacturing" the company said.

NTPC had... Read more..

Date : Oct 19
Source: Financial Express

Indian agricultural waste recycling project wins Prince William's inaugural Earthshot Prize

An India-based entrepreneurie's technology that recycles agricultural waste to create fuel was named among the winners of Prince William's inaugural Earthshot Prize that honours people trying to save the planet.

Dubbed as the "Eco Oscars," the prizes have been created by the Duke of Cambridge and renowned British naturalist David Attenborough. Their aim is to provide assistance to and inspire innovative local solutions amid the growing climate crisis faced globally.

Vidyut Mohan led Takachar's innovation was recognised for its affordable technology to convert crop... Read more..

Date : Oct 19
Source: Indian Express

India begins its journey in the large scale Battery Energy Storage System (BESS) for 1000 MWhourproject

Government has given go ahead for inviting the expression of interest for installation of 1000 MWh Battery Energy Storage System (BESS) as a pilot project. This is the joint effort of both Ministry of New and renewable energy and Ministry of Power who have been working on this to provide a road map for the installation of the energy storage system in the country.

In order to support the ambitious goal of achieving 450 GW renewable energy target of Ministry of New and renewable energy by 2030, it is important that it gets duly supported with installation of energy storage systems (... Read more..

Date : Oct 18
Source: PIB

Climate financing area of worry, says Finance Minister Sitharaman

Finance Minister Nirmala Sitharaman has said that climate financing continues to be an area of worry as she flagged India's concerns over funding mechanism and technology transfer.

Her remarks came ahead of the upcoming COP26 Summit to be held at Glasgow in the United Kingdom. Leaders of nearly 200 countries, including India, will gather at the high-level summit on climate change, scheduled to be held from October 31 to November 12, to discuss the way forward to tackle climate action and submit their updated targets.

Sitharaman said it is unclear how the USD 100 billion per... Read more..

Date : Oct 18
Source: Economic Times

India introduces draft resolution in UNGA for granting Observer Status for International Solar Alliance

The ISA was jointly launched by India and France in 2015 at the 21st Conference of Parties of the United Nations Framework Convention on Climate Change (COP21) held in Paris
Underlining that the International Solar Alliance will usher in a new era of "green energy diplomacy", India introduced a draft resolution in the UN General Assembly for granting Observer Status to the global initiative that would help provide for regular cooperation between ISA and the United Nations, benefiting global energy growth and development.

Deployment of solar energy
The ISA was jointly... Read more..

Date : Oct 18
Source: BusinessLine

ISA, MNRE, and World Bank conducts Strategic inception virtual workshop for 'One Sun One World One Grid' marking the beginning of the project

The International Solar Alliance (ISA), the Ministry of New and Renewable
Energy and the World Bank organised a two-day strategic inception workshop on'One Sun One World
One Grid (OSOWOG)' wherein all the implementation partners came together and presented their
roadmap for OSOWOG. OSOWOG will be implemented in three phases 'Phase I Pre-feasibility
analysis' will include individual Countries' assessment, Demand Supply Scenario Projections, RE
resource potential assessment and scenario assessment for net zero by 2050; Phase II will focus on
key... Read more..

Date : Oct 18
Source: ISO

BluSmart drives a green agenda, hopes to expand presence from core NCR base

If Ola and Uber changed the way we hailed taxis, Gurugram-based BluSmart wants to make ride-hailing a green option.

The company, which recently raised $25 million from a clutch of investors led by bp Ventures and which included Mayfield India Fund, 9Unicorns and Survam Partners, is India's first integrated EV ride-hailing and charging company. The company declined to comment on bp's stake. Sources said that the 10-year-old corporate venture arm of London-headquarted bp now holds a significant minority stake in BluSmart.

BluSmart is unlike some of the popular app-based ride-... Read more..

Date : Oct 18
Source: Business Standard

Power Global to invest $25 mn to set up battery infrastructure facility in India

US-based clean energy and mobility products start-up Power Global plans to invest around USD 25 million (around Rs 185 crore) to set up a lithium-ion battery manufacturing unit and battery swapping infrastructure in India over the next two to three years, according to a top company official.

The company, which is setting up a one gigawatt hour capacity battery plant at Greater Noida in Uttar Pradesh, is also targeting to retrofit around 8 lakh existing conventional three-wheelers in India for conversion into electric versions.

It will tap these retrofitted vehicles for its... Read more..

Date : Oct 18
Source: Economic Times

Suzuki, Denso and Toshiba's lithium-ion JV unit to go on stream by year-end

Suzuki Motor Corp, Denso Corp and Toshiba are set to start commercial production of the lithium-ion cell at their joint venture (JV) unit by December, said a person aware of the company's plans. The development brings Suzuki's India subsidiary, Maruti Suzuki closer to the plans of introducing new technology vehicles, including hybrid and battery electric vehicles by 2025.

The lithium-ion cell manufacturing unit was set up as a 50:40:10 JV among the three companies in 2017 with an investment of Rs 1,250 crore. It's the largest lithium-ion cell manufacturing plant in India. The joint... Read more..

Date : Oct 18
Source: Business Standard

Green Grids Initiative-One Sun One World One Grid Northwest Europe Cooperative Event

Union Minister for Power and New and Renewable Energy (MNRE), Government of India, Shri R K Singh, addressed the Ministerial session of the Green Grids Initiative-One Sun One World One Grid Northwest Europe Cooperative Event. The event saw the participation of Secretary of State for Business, Energy and Industrial Strategy of the United Kingdom, Rt. Hon. Kwasi Kwarteng, and the Minister of Energy of Belgium, Ms. Tinne Van der Straeten. Dr. Ajay Mathur, Director General of the International Solar Alliance (ISA) and Dr. Junaid Ahmad, Country Director, World Bank India provided insights into... Read more..

Date : Oct 14
Source: PIB

Notification of Mass Emission Standards for E12 AND E15 fuels

Ministry of Road Transport and Highways vide GSR 728 (E) dated 11th October 2021 has notified mass emission standards for E 12 (12% Ethanol with Gasoline) and E15 (15% Ethanol 12 with gasoline) fuels. This will enable the Automotive Industry to manufacture E 12 and E 15 compliant motor vehicles.

Date : Oct 14
Source: PIB

UltraTech and PRESPL sign MOU for scaling up use of Agri Waste as fuel in cement manufacturing

UltraTech Cement, the largest manufacturer of grey cement, white cement and ready-mix concrete in India, has announced signing a non-binding memorandum of understanding (MoU) with Punjab Renewable Energy Systems Pvt. Ltd (PRESPL), India's largest biomass aggregation and densification company with forward integrated value chain. The MoU is part of UltraTech's endeavor to decarbonize its operations and aims to significantly scale-up the use of biomass in place of fossil fuel like coal in UltraTech's manufacturing operations.

Under the agreement, PRESPL will leverage its... Read more..

Date : Oct 14
Source: Ultra Tech Cement

Bhopal buses to run on bio-CNG made out of waste

A Memorandum of Understanding (MoU) was signed for setting up a 200 tonnes per day wet waste to bio-CNG plant and a 400 tonnes per day dry waste torrefied charcoal plant.

The bio-CNG generated from the plant will be used in city buses.

The MoU was signed between the Bhopal Municipal Corporation (BMC), NTPC and Bhopal RNG Private Limited in the presence of chief minister Shivraj Singh Chouhan.

According to a report published in The Times of India (TOI), at present, around 800 tonnes of garbage is collected from Bhopal every day. Bhopal Municipal Corporation spends... Read more..

Date : Oct 14
Source: India Today
CSV