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Sustainability Outlook Headlines
S&P Global Endorses Say on Climate, Will Bring Climate Plans to Shareholder VoteLeading credit ratings, benchmarks and analytics provider S&P Global announced today its endorsement of the Say on Climate campaign, aimed at improving the transparency and accountability of company climate initiatives. The Say on Climate campaign seeks to implement sustainable business practices around the globe by advocating for corporate climate action plans. The campaign is sponsored by The Children’s Investment Fund Management (TCI) and The Children’s Investment Fund Foundation (UK). By committing to the initiative’s principles, organizations agree to climate transparency... Read more.. Date : Mar 17 Source: ESG Today
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CESL issues first-of-its-kind tender, seeks private participation for rural LED schemeConvergence Energy Services Limited (CESL), a wholly-owned subsidiary of Energy Efficiency Services Limited, has issued a first-of-its-kind tender to procure 1 crore LED bulbs for its Gram Ujala program. Through this tender CESL intends to invite the participation of bidders for co-investment on a revenue-sharing basis. Under the Gram Ujala program, CESL will distribute high-quality LED bulbs, at an affordable cost in rural areas. Explaining the tender Ms. Mahua Acharya, MD & CEO of CESL, said, “The objective is to involve private companies in the delivery of climate change... Read more.. Date : Mar 17 Source: BWS Mart Cities
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Cabinet approves closure of Handicrafts and Handlooms Export Corporation of India LimitedThe Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved the closure of Handicrafts and Handlooms Export Corporation of India Limited (HHEC), the Corporation, a Government of India undertaking under the administrative control of the Ministry of Textiles. There are 59 permanent employees and 6 Management Trainees serving in the Corporation. All the permanent employees and Management Trainees will be given an opportunity to avail the benefit of a Voluntary Retirement Scheme (VRS) as per norms laid down by the Department of Public Enterprises. The... Read more.. Date : Mar 17 Source: PIB
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Hindustan Unilever and HSBC India join hands to impact 12,000 individuals and save 21 million litres of water via its Suvidha Centers in MumbaiRapid urbanisation and the breakneck expansion of cities are turning out to be the biggest challenge for every big and growing city in the world. One of the major challenges faced by cities like Mumbai is providing the ever-growing population with amenities such as clean drinking water and access to proper hygiene and sanitation facilities. With the onset of the pandemic, it has become more critical than ever to provide hygiene and sanitation solutions to low-income urban households and especially to communities residing in congested arrangements. Date : Mar 17 Source: India Times
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Solar powered EV charging station developed at IIScBengaluru: A solar photovoltaic powered electric vehicle (EV) charging station has been developed at the Indian Institute of Science (IISc) in this tech city, an official said on Tuesday. "The zero-emission EV charging station powered by solar cells has been designed and developed at our sustainable transportation lab by the UK-based Greenencho Ltd under the Innovating for Clean Air (IfCA) programme of the Energy System Catapult, UK," the official said in a statement. The custom-made off-grid system comprises a solar photovoltaic (PV) module, hybrid inverter, battery... Read more.. Date : Mar 17 Source: Economic Times
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Chhattisgarh’s health ministry pledges to achieve net-zero carbon emissions by 2050Chhattisgarh’s health minister on Tuesday said their department has committed to achieve net-zero carbon emissions by 2050. With this, it becomes the first Indian health system to endorse UNFCCC’s Race to Zero Campaign. “Chhattisgarh is the first state in India to commit to the health sector’s role to take steps to counter impacts of climate change and become net zero in accordance with the Race to Zero campaign,’’ said T S Singh Deo, health minister, Chhattisgarh in a press release. He added that the state has developed a plan to tackle the health impacts of climate change... Read more.. Date : Mar 17 Source: Energy Infrapost
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Climate finance still not on table for developing countries: JavadekarNew Delhi: Climate finance of USD 100 billion a year and green technologies for mitigation actions promised in 2009 under the Paris agreement are still "not on the table" for developing countries, Environment Minister Prakash Javadekar said in Parliament on Monday. At the 15th Conference of Parties (COP15) of the United Nations Framework Convention on Climate Change (UNFCCC) in 2009, developed countries had committed to mobilising jointly USD 100 billion a year in climate finance by 2020 to address the needs of developing countries. This commitment has, since then, been a key element of... Read more.. Date : Mar 17 Source: Economic Times
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India achieves 92.97 GW of renewable energy capacity in Feb this yearIndia has achieved 92.97 GW of renewable energy (RE) capacity till February this year, while 50.15 GW is under various stages of implementation, Parliament was informed on Tuesday. India has set an ambitious target of achieving 175 GW of installed RE capacity (excluding large hydropower) by 2022. "So far, 92.97 GW of cumulative installed RE capacity has been achieved as on February 2021. Further, projects of 50.15 GW capacity are under various stages of implementation and 27.02 GW are under various stages of bidding," Power and New & Renewable Energy Minister R K Singh said in... Read more.. Date : Mar 17 Source: MNRE
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Coal-backing Japanese bank bids for Green Climate Fund partnershipThis week’s Green Climate Fund (GCF) board meeting is set for a showdown over whether to partner with a coal-backing Japanese bank. Campaigners said accrediting the Sumitomo Mitsui Banking Corporation (SMBC) to the UN’s official climate finance body would send the wrong message, as the bank continues to fund coal-fired power stations. Lidy Nacpil, co-ordinator from the Asian Peoples’ Movement on Debt and Development (APMDD), said: “The best way that SMBC can help address climate change is for it to simply stop financing fossil fuels.” In August 2020, when SMBC last... Read more.. Date : Mar 16 Source: Climate Change News
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The World Business Council for Sustainable Development (WBCSD) has today launched an SDG Sector Roadmap for the electric utilities sector.Geneva, 15 March 2021: The World Business Council for Sustainable Development (WBCSD) has today launched an SDG Sector Roadmap for the electric utilities sector. Over the past 18 months, WBCSD has convened 11 of the world’s leading electric utility companies to explore, articulate and set a course to realizing the unique potential of this sector to leverage its unique influence and innovation to contribute to the SDG agenda. The new SDG Roadmap for Electric Utilities provides utility business leaders worldwide with a flagship guide to driving transformative change. It... Read more.. Date : Mar 16 Source: WBCSD
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ReNew Power becomes world’s first clean energy firm to enter WEF’s Global Lighthouse NetworkNEW DELHI--(BUSINESS WIRE)--ReNew Power (“ReNew” or “the Company”), India’s leading renewable energy company, today announced that it has been named to the World Economic Forum’s (WEF) Global Lighthouse Network, which recognizes companies using new technologies to achieve environmentally sustainable, community supportive, profitable growth. In announcing ReNew’s appointment, the WEF specifically noted the Company’s recent investments in digital analytics and machine learning to increase the power yield, and decrease the downtime, of its solar and wind generation assets, as factors in its... Read more.. Date : Mar 16 Source: Business Wire
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Ajay Mathur takes over as Director General of International Solar AllianceNew Delhi: Ajay Mathur on Monday assumed office as the Director General of the International Solar Alliance (ISA). On February 15, the Special Assembly of the ISA elected Mathur as the Director General. The appointment is for four years which can be renewed for an additional term. "Dr Ajay Mathur has assumed office, today, as Director General of the International Solar Alliance," it said in a statement. He replaced Upendra Tripathy, who completed his term on Sunday. Tripathy served as the Director General since 2017. India had proposed Mathur's candidature which was... Read more.. Date : Mar 16 Source: Economic Times
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Adani Renewables bids Rs 2.77 for wind projectsAdani Renewable Energy on Monday placed the lowest bid of ₹2.77 per unit at an auction conducted by state-run Solar Energy Corp. of India Ltd (SECI) for setting up and supplying 1.2-gigawatt (GW) wind power capacity, two people aware of the matter said. The second lowest bid of ₹2.78 per unit was placed by CDC Group Plc-backed Ayana Renewable Power, Evergreen Power and JSW Future Energy Ltd. While Adani Renewable and Ayana will get the contract to develop and supply 300 megawatt (MW) each, Evergreen and JSW Future will be awarded the contract for 150 MW and 450 MW capacity,... Read more.. Date : Mar 16 Source: Live Mint
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Delhi govt calls on corporates to promote EV policyNew Delhi: Delhi Transport Minister Kailash Gahlot, who is leading the 'Switch Delhi' campaign since last two months, on Sunday invited the corporate sector to raise awareness and promote electiric vehicle policy in the national capital. "The Delhi government aims to further capitalise on the positive response received from several sections and now we will involve corporates to be a part of the campaign. I appeal to this segment to switch to EV cabs to facilitate the travel of their employees," Gahlot said. Stressing on the need to include Delhi's corporates in the 'Switch... Read more.. Date : Mar 16 Source: Economic Times
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Shipping industry backs $5bn decarbonisation moon-shotThe plan has been submitted by governments from Georgia, Greece, Japan, Liberia, Malta, Nigeria, Palau, Singapore, Switzerland, who all heavily rely on the shipping sector. It would aim to accelerate the complete decarbonisation of the sector by deploying zero-carbon ships within the next decade. It has been submitted to the UN International Maritime Organization (IMO) and would see the creation of a $5bn research fund by placing a $2 (£1.40) levy per tonne of fuel used. The so-called moonshot has been supported by the International Chamber of Shipping (ICS), which represents... Read more.. Date : Mar 16 Source: EDIE
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IIT professor develops prototype for easy and safe use of hydrogen fuelIn a path-breaking accomplishment, Dr. Rajesh Kumar Upadhyay of the department of chemical engineering and technology and his team at IIT (BHU) have developed a membrane reformer prototype for producing ultra-pure hydrogen from methanol. The team said it is the first such prototype in India and there are no such commercial units worldwide. The prototype isolated 99.999% pure hydrogen from a mere 15 ml/minute... Read more.. |
Nike Announces 2025 Targets for Diversity and SustainabilityOn Wednesday, the sportswear company announced that for the first time it will tie executive compensation to progress in diversity and sustainability targets. The news came as part of the release of its 2020 impact report, which provided updates on company targets as well as strategy plans for the future. Its new 2025 targets include seeing women in 45 percent and racial minorities in 35 percent of... Read more.. |
Payment risk resurfaces via discoms for wind projects: CrisilPayment risk from discoms has resurfaced for wind power projects with four key states -- Madhya Pradesh, Maharashtra, Rajasthan and Andhra Pradesh -- that act as a counterparty to around 40% of the overall wind capacity toting up dues of ₹5,450 crore to 156 renewable projects. That is 50% increase in the dues year-on-year, according to global analytics company Crisil. Wind power projects constituting nearly... Read more.. |
Delhi: Commission for air quality suspended as ordinance lapsesFive months after it was first set up through an ordinance brought in by the Centre, the Commission for Air Quality Management in the National Capital Region and adjoining areas stands suspended with the ordinance having lapsed Friday. Confirming that the Commission will not be operational till the time the Bill is passed in Parliament, Environment Secretary RP Gupta Saturday said, “The Bill has been sent to... Read more.. |
Bill for amending Electricity Act sent for consultationThe Union power ministry has circulated the proposed Electricity (Amendment) Bill, 2021, for inter-ministerial consultation and has also sent it to the law and justice ministry for vetting, a government official aware of the development said. The proposed amendments aim to de-license power distribution and increase competition, unleashing next-generation power sector reforms in India. After Cabinet approval... Read more.. |
Government committed to promoting renewable energy, especially in MSME Sector: GadkariUnion Minister for Road Transport and Highways and Micro, Small and Medium Enterprises, Shri Nitin Gadkari this evening addressed a webinar on “Atmanirbhar Bharat” – “Opportunities in Solar & MSME”. The webinar was organised by Indian People’s Forum in the United Arab Emirates. In his address, Shri Nitin Gadkari said “the Government is committed to promote renewable energy resources in the country,... Read more.. |
Power Minister Shri RK Singh Launches AmritMahotsav in Power and Energy Sector by initiating Energy Efficiency Enterprise (E3) Certifications programme for bricksectorShri RK Singh, Minister of State (I/C) for Power and New & Renewable Energy and Minister of State for Skill Development &Entrepreneurship, launches "Energy Efficiency Enterprise (E3) Certifications Programme for Brick manufacturing Sector" in order to kick-start a series of events from Ministry of Power, Government of India under 'AzadiKaAmritMahotsav'. On this occasion, Shri R K Singh appreciated... Read more.. |
BAT Unveils Ambitious New Environmental Targets in 2020 ESG Report New targets are key drivers towards achieving A Better Tomorrow™ for all stakeholders Date : Mar 12 Source: BAT
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EU considers expanding role of gas in green financeThe European Commission is reconsidering the position of gas in its sustainable finance taxonomy by recognising the fossil fuel’s role in keeping the lights on during peak electricity demand, according to a leaked document seen by EURACTIV. The EU executive is currently drafting a rulebook for sustainable finance, drawing up a complete set of criteria defining what can be considered as a “green” investment in the European Union. The draft rules – or “delegated acts” in EU jargon – are an essential part of plans to bring private finance onboard with Europe’s transition to a... Read more.. Date : Mar 12 Source: Euractive
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HSBC to Exit Coal Financing, Following Engagement with Shareholder GroupHSBC has dodged a backlash from major investors at its next annual meeting by pledging to phase out financing of coal-fired power by 2040. The pledge, which will go to a vote at its annual meeting in May, follows months of pressure on Europe's biggest bank from investors and activists. A group of shareholders managing $2.4 trillion worth of assets have now agreed to withdraw their own resolution and back the bank's plans. HSBC said it will phase out the financing of coal-fired power and thermal coal mining in markets across the EU and the OECD by 2030 and in all... Read more.. Date : Mar 12 Source: Tele Graph
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