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Sustainability Outlook Headlines
Sustainable Development for Coal Sector: Promoting Renewable – Moving towards net zero carbonGovernment has put major thrust on sustainable development in coal mining and is taking multi-pronged action on both environmental & social fronts. Ministry of Coal has moved forward with a comprehensive Sustainable Development Plan andhas initiated its speedy implementation.Primary focus is on making immediate social impact through Out of Box (OoB) measures besides regular environmental monitoring and mitigation during mining operation. These OoB measures include use of surplus Mine Water for irrigation... Read more.. |
Tata Group makes compliance to ESG standards top priorityTata Sons has sent a directive to heads of all group companies to urgently put together a dossier on how each company meets the environment, social and corporate governance (ESG) norms, people familiar with the matter said. Being ESG compliant is expected to raise the ratings of Tata group investment opportunities globally while potentially lowering its borrowing costs, they said. This month all individual company bosses are supposed to submit a presentation on the same, they said. The Covid-19 pandemic and... Read more.. |
India will create a level playing field if EU, USA impose carbon tariffIndia will take steps to become competitive and create a level playing field for Indian manufacturers and exporters if the EU and the US impose carbon-based tariff on imports, said India‘s Commerce Secretary Anup Wadhawan. “ If something evolves in a certain way we will do whatever is necessary to maintain our competitiveness and to create a level playing field. The game can be played both ways. We will do what it takes to be competitive and create a level playing field for our manufacturers and exporters,”... Read more.. |
Sterling and Wilson partners with Enel X to enter Electric Mobility segment in IndiaSterling and Wilson Pvt Ltd (SWPL), a Shapoorji Pallonji group company and India’s leading engineering, procurement, and construction (EPC) company, today announced that it has entered the Electric Mobility segment in India. SWPL has signed a 50-50 joint venture (JV) with Enel X, a subsidiary of Enel Group, known for its innovative products and digital energy solutions, to launch and create world-class electric charging infrastructure in the Indian sub-continent. The JV intends to give a boost to the fast-... Read more.. |
Gadkari urges MSMEs to avail concessional finance and install rooftop solarUnion minister Nitin Gadkari on Friday invited MSMEs to avail concessional debt finance to install rooftop solar for business efficiency. The Minister for Micro, Small and Medium Enterprises (MSMEs) and Road Transport & Highways said rooftop solar offers an excellent value proposition to MSMEs by significantly bringing down cost of electricity consumption, which on an average, is up to one-fifth of their operations cost. Addressing a programme virtually, Gadkari said, "I believe there is a strong business... Read more.. |
OneConnect and SGX Partner to Launch an ESG Reporting PlatformTechnology-as-a-service platform and PingAn Group associate OneConnect Financial Technology and Singapore Exchange (SGX) announced today an agreement to collaborate and build an ESG platform aimed at facilitating and simplifying the ESG disclosure processes of companies listed on SGX. Ms Tan Bin Ru, CEO (SEA), OneConnect Financial Technology, said: ... Read more.. |
Petrochemical giant Dow braces for 'high impact' from climate change: ExecutiveDOW Inc is adjusting its carbon footprint and product slate to adapt to climate change and tap evolving consumption trends tied to the global energy transition, a senior executive said this week. Dow has pledged to become carbon neutral by 2050 by boosting the use of renewable energy, such as wind power in the southern United States, and by improving energy efficiency at its petrochemical plants, Dow's Asia Pacific president Jon Penrice told Reuters on Wednesday. It is also developing products that help... Read more.. |
Chandigarh: UT plans to extend solar plant installation deadline by 6 to 9 monthsThe UT administration plans to extend solar plant installation deadline, ending on March 31, by six to nine months. Sources said, “The administration is contemplating extending the deadline till September-end or December-end. The final decision will be taken by UT administrator VP Singh Badnore.” The last deadline had ended on March 31, 2020. As lockdown was is in force, the UT had decided not to impose any... Read more.. |
China vows five-year plan dedicated to climate, but growth, security concerns weighChina has promised to dedicate its new “five-year plan” to tackling climate change, but concerns about economic growth and energy security are expected to temper the country’s green ambitions. Vice premier Han Zheng said in October that the 2021-2025 plan, due to be delivered to parliament in March, would be “dedicated to addressing climate change” and “focus on the country’s new vision” to bring emissions to a peak before 2030 and achieve “carbon neutrality” by 2060. But experts said Beijing is still likely... Read more.. |
Now, discoms must clear dues to purchase powerIn a move that could push the already beleaguered power distribution companies into more trouble, the Centre has brought changes to the Electricity Act to suspend discoms from buying power if they fail to clear dues to generation companies beyond six months. The Centre has also brought in a clause in the Act to impose penalties on the discoms for late payment of dues. The Centre on Monday issued a notification by... Read more.. |
We are Diversifying Our Energy Basket with More Non Fossil Fuels: RK SinghThe Minister of State (IC) for Power and New & Renewable Energy RK Singh said that we are diversifying our energy basket with more non fossil fuels such as hydro, solar, wind, bio energy. He mentioned that these sources of power are clean and cost effective. He reinstated the commitments of India to Paris Climate Agreement, and added that our per capita income is one third of world average despite that we are only major economy whose actions are on track to preventing the global temperature from rising... Read more.. |
CIBC Joins PCAF, Committing to Measuring and Reporting GHG Impact of Loans and InvestmentsCanadian bank CIBC announced today that it has joined the Partnership for Carbon Accounting Financials (PCAF), a global partnership of financial institutions with a mission to develop and implement a harmonized approach to assess and disclose the greenhouse gas (GHG) emissions associated with their loans and investments. Kikelomo Lawal, Executive Vice-President and Chief Legal Officer, CIBC, said: ... Read more.. |
S&P Global Platts and Viridios Capital to add transparency to Voluntary Carbon Credit MarketsS&P Global Platts ("Platts"), the leading independent provider of information and benchmark prices for the commodities and energy markets, today announced that it has signed a Memorandum of Understanding with Viridios Capital to launch a series of Artificial Intelligence ("AI”) driven carbon indices to enhance transparency into the complex voluntary carbon credits and co-benefit markets. Jonty Rushforth, head of price group, S&P Global Platts said: "The complex voluntary carbon markets are evolving at... Read more.. |
GRI and B Lab Partner to Enable Alignment of ESG Reporting, and Impact ManagementEnabling companies to connect the GRI Standards and B Impact Assessment Two of the leading global enablers for environmental, social and governance impact management and disclosure have joined forces to help organizations get more out of their reporting and assessment tools. This collaboration allows companies to optimize their contribution to a more sustainable future. The GRI Standards are the world’s most... Read more.. |
India an achiever in solar power growth among 80 member countries: ISAThe International Solar Alliance (ISA) has ranked India as an "Achiever" among its 80 member countries along with Brazil, Saudi Arabia and the United Arab Emirates (UAE) in its latest Ease of Doing Solar (EoDS) report. Achiever countries are those with most favourable technical and commercial conditions for solar and perceived as most attractive for investments in solar. The report groups the countries in four segments -- Achiever, Influencer, Progressive and Potential. "Owing to strong potential, robust... Read more.. |
Walmart’s Flipkart to deploy over 25,000 electric vehicles in India by 2030India’s Flipkart said on Wednesday it will deploy more than 25,000 electric vehicles in its supply chain by 2030 as the Walmart-owned e-commerce giant looks to achieve a 100% transition to electric mobility in the next 10 years. The Bangalore-headquartered firm said it has partnered with leading EV makers including Hero Electric, Mahindra Electric and Piaggio to build vehicles for its first and last-mile delivery fleets across the country. The announcement comes a day after rival Amazon said it had partnered... Read more.. |
SHV, NIIF look to buy stake in Fourth Partner EnergyNetherlands’ SHV Energy and India’s quasi-sovereign wealth fund National Investment and Infrastructure Fund (NIIF) are separately looking to buy a stake in Hyderabad-based Fourth Partner Energy (4PEL) for about $150 million, two people aware of the development said. Fourth Partner Energy focuses on the commercial and industrial (C&I) segment and has an operational portfolio of 400MW. It is building solar parks in Uttar Pradesh, Maharashtra and Tamil Nadu. Mint reported on 29 September 2020 about the... Read more.. |
ReNew Power, India’s Leading Renewable Energy Company, to Publicly List through Business Combination withRMG Acquisition Corporation II in $8 Billion Transaction
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Power Min reduces discom penalties to 5 per cent over SBI lending rateThe government has lowered the late payment fee chargeable by power and transmission developers from distribution companies by linking it to State Bank of India's lending rate against the current 18 per cent. The Electricity (Late Payment Surcharge) Rules 2021 exclude existing power plants and transmission systems whose tariffs have been determined through competitive bidding. The rules bar electricity distribution companies with any outstanding bills after seven months from due date from procuring power from... Read more.. |
Hyundai Motor plans world’s costliest electric vehicle recallHyundai Motor is drawing up plans for the world’s most expensive electric vehicles recall to replace batteries following a string of electrical fires, according to people familiar with the situation. The South Korean carmaker said in October that it would recall 77,000 Kona electric cars made between September 2017 and March 2020 after more than a dozen caught fire due to battery problems. The carmaker is now considering replacing the vehicles’ batteries after a recalled Kona model caught fire even after... Read more.. |
NTPC plans to generate power from urban wasteNTPC will use “torrefied coal” in its power plants NOIDA: In what could make a major difference to the management of urban solid waste, National Thermal Power Corporation (NTPC) is all set to implement a waste-to-energy technology that it has co-developed with a Chennai-based orthopedic surgeon. The “torrefied coal”, made out of carbonised waste, will be used by NTPC in its power plants in Varanasi, Bhopal, Indore and Hubli for power generation, officials said. “The idea is to carbonise solid waste in low... Read more.. |
Total sells part of wind and solar portfolios to French banksFrench energy group Total has agreed to sell off stakes in some wind and solar farms to Credit Agricole Assurances and Banque des Territoires, which Total said would boost its cash flow and return on equity. The oil and gas major has been making a big push into renewable energy, aiming to reach 100 Gigawatts (GW) in gross installed capacity by 2030, from 7GW at the end of 2020, and is is changing its name to TotalEnergies to reflect its shake-up. It has said it aims to sells off stakes in some projects as a... Read more.. |
Consumers, employees being ignored in finalising Electricity (Amendment) Bill 2021: AIPEFThe All India Power Engineers Federation (AIPEF) on Tuesday said consumers as well as employees are being ignored in finalising the Electricity (Amendment) Bill 2021, and demanded that the draft bill should be put in public domain for feedback. "The consumers and power sector employees and engineers are being ignored in finalising the draft Electricity (Amendment) Bill 2021," AIPEF spokesperson V K Gupta said. AIPEF demanded that the bill be put on the power ministry website and the comments of all... Read more.. |
Government of India & AIIB sign agreement for $304 million to improve reliability, capacity and security of the power transmission network in the state of AssamThe Government of India and the Asian Infrastructure Investment Bank (AIIB) today signed a loan agreement for a $304 million Assam Intra-State Transmission System Enhancement Project to improve reliability, capacity and security of the power transmission network in the State of Assam. The project aims to strengthen Assam’s electricity transmission system by constructing 10 transmission substations and laying transmission lines with the associated infrastructure; upgrading 15 existing substations, transmission... Read more.. |
Important to ensure that no parallel tracks for climate negotiations are created brushing aside the fundamentally agreed principles: India at UNSCRepresenting India at the United Nations Security Council Open Debate on "Addressing climate-related risks to international peace and security", Union Environment Minister, Shri Prakash Javadekar, stressed that the idea of climate action should not be to move the climate ambition goal post to 2050 and it is important for countries to fulfill their pre-2020 commitments. Shri Javadekar said that the United Nations Framework Convention on Climate Change (UNFCCC) and the Paris Agreement negotiated under the... Read more.. |
