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Sustainability Outlook Headlines
Danish retailer ‘Jysk’ pledges ‘sustainable’ cotton by 2024AARHUS – Danish homeware retailer Jysk has pledged that by 2024, its textile-based products will use only ‘sustainable’ cotton, that’s either organic, recycled or sourced through the Better Cotton Initiative (BCI). “We have been focusing on cotton for a long time,” said the firm’s communications and CSR director, Rune Jungberg Pedersen. “Now we are ready to take the next big step regarding the rest of the assortment and set a specific goal, which includes all of our textile products.” Date : Jan 28 Source: Eco Textile
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EDEN Renewables India secures $165 million finance for 450-MW solar projectEDEN Renewables India has tied up with DBS Bank Ltd, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation (Singapore Branch) for USD 165-million (about Rs 1,200 crore) funding for its 450-megawatt peak solar power project in Rajasthan. “EDEN Renewables India (EDEN) has successfully secured financial close for its 450 MWp (megawatt peak) SECI III solar PV project, with a group of three major international banks,” according to a statement. The SECI III project has been successfully financed through a green limited recourse project term loan of USD 165 million provided by DBS Bank... Read more.. Date : Jan 28 Source: Financial Express
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Petroleum Minister Shri Dharmendra Pradhan calls for a new paradigm of clean energy; exhorts industry leaders to drive transformationUnion Minister of Petroleum and Natural Gas & Steel Shri Dharmendra Pradhan today said that the Indian Oil and gas sector will play an important role in the making of an Aatmanirbhar Bharat,fulfilling not only domestic requirements but also meeting the global expectations. Speaking at the FIPI Awards 2020 ceremony, he said that We must ensure energy security for our people and provide energy which is affordable, accessible, clean, efficient and sustainable. He said that we shall move towards making petroleum industry a clean energy industry. The Minister said that there are a few... Read more.. Date : Jan 28 Source: PIB
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Andaman Lt Governor flags off electric buses; will curb pollution on islandAdmiral (Retd.) D K Joshi, the Lieutenant Governor of Andaman and Nicobar Islands, today flagged-off fleet of electric buses. The project for 40 electric buses is being executed by NTPC Vidyut Vyapar Nigam Limited(NVVN Limited), a 100% subsidiary of NTPC Limited, a PSU under Ministry of Power, Government of India. The introduction of electric buses in the Island union territory will help cut down tail pipe emissions as well as provide comfortable public transport. In addition to the above project, NVVN has emerged as successful bidder for providing turnkey solution for 90 electric buses in... Read more.. Date : Jan 28 Source: PIB
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Society of Manufacturers of Electric Vehicles calls for rejig of FAME II or reintroduction of FAME INew Delhi: Ahead of the upcoming Union Budget, Society of Manufacturers of Electric Vehicles (SMEV) has asked Finance Minister Nirmala Sitharaman to either rejig the FAME II scheme or reintroduce FAME I, saying the programme meant to promote EVs in its second avatar has been able to achieve less than 10 per cent of its target. The Rs 10,000-crore FAME-II scheme which is to be implemented over a period of three years, came into effect from April 1, 2019. It is the expanded version of FAME India I (Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME) which was launched... Read more.. Date : Jan 28 Source: Economic Times
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Green tax to be imposed on older vehicles soon, to clean up the environment by phasing out unfit and polluting vehiclesThe Union Minister for Road Transport and Highways Sh. Nitin Gadkari has approved a proposal to levy a “Green Tax” on old vehicles which are polluting the environment. The proposal will now go to the states for consultation before it is formally notified. The main principles to be followed while levying the Green Tax are : Transport vehicles older than 8 years could be charged Green Tax at the time of renewal of fitness certificate, at the rate of 10 to 25 % of road tax; Personal vehicles to be charged Green Tax at the time of renewal of Registration Certification after 15 years; Public... Read more.. Date : Jan 27 Source: PIB
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Vehicle Scrappage Policy to be implemented from April 2022: State Govt approvals pendingThe Indian Government has been working on a vehicle scrapping policy for some time. It is being done to help remove old and unsafe vehicles which are still plying on Indian roads. In addition to curbing tailpipe emission causing air pollution by their engines and also reduce gross fuel consumption. Nitin Gadkari, minister of road transport and highways, has approved a new “Vehicle Scrappage Policy” to incentivise user to scrap old vehicles and buy new ones. The ministry released a statement; “The Minister approved the policy of deregistration and scrapping of vehicles owned by Government... Read more.. Date : Jan 27 Source: Financial Express
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BofA, Mastercard, Salesforce, IBM to Report ESG Metrics Championed by World Economic ForumThe push for a global set of ESG standards is bearing fruit. Bank of America (BAC), Mastercard (MA), Salesforce.com (CRM), and IBM (IBM) are among 55 companies that will report on environmental, social, and governance metrics championed by the World Economic Forum and its International Business Council, according to a statement from the group. The metrics are a set of 21 universal disclosures focused on people, planet, prosperity, and governance, and they are made to be comparable regardless of a company’s industry or domicile. They are aimed at bolstering transparency and helping... Read more.. Date : Jan 27 Source: Barrons
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Delhi Govt panel brainstorms with stakeholders on EV financingNew Delhi: The Dialogue and Development Commission (DDC) of Delhi government hosted a consultation on Monday with leading financing institutions, vehicle manufacturers, delivery service providers and fleet aggregators to discuss the various financing challenges in the adoption of electric vehicles in Delhi. The meeting was held under the umbrella of Delhi EV Forum, which held its first meeting earlier on December 18, 2020. “We are committed to accomplishing chief minister Arvind Kejriwal’s vision to make Delhi the EV capital of India. Considering that lack of financing options for electric... Read more.. Date : Jan 27 Source: Economic Times
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IKEA lowers climate footprint helped by pandemic and energy-efficient light bulbsSTOCKHOLM (Reuters) - Furniture giant IKEA said it is on track to cut its emissions further after an 11% reduction in its climate footprint in the 12 months to the end of August, partly because of temporary store closures. Brand owner Inter IKEA said on Monday carbon emissions throughout the value chain - from the production of raw materials to customers’ use and disposal - fell in its fiscal year (FY) 2020 to 21.2 million tonnes of CO2 equivalent. The reduction per euro of retail sales - a measure that takes into account that government lockdowns meant most stores closed for several weeks... Read more.. Date : Jan 27 Source: Truters
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Tech Mahindra Becomes the Only Indian Organisation Recognized amongst the ‘2021 Global 100 Most Sustainable Corporations in the World’ by Corporate KnightsNew Delhi - January 25, 2021: Tech Mahindra, a leading provider of digital transformation, consulting and business re-engineering services and solutions, has been recognized as the only Indian organisation amongst the ‘2021 Global 100 Most sustainable corporations in the World’ by Corporate Knights, a media, research and financial information products company which produces rankings and financial product ratings based on corporate sustainability performance. Tech Mahindra is ranked #1 in India and #72 globally in the list of World’s 100 Most Sustainable Corporations for delivering superior... Read more.. Date : Jan 27 Source: Mahindra
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Bandhwari plant trommels not used fully: CPCBGURUGRAM: The Central Pollution Control Board, in a recent report submitted to the National Green Tribunal (NGT), has said the MCG has not been able to utilise the full capacity of trommels installed at the Bandhwari waste plant. Every day nearly 2,000 tonnes of solid municipal waste — 1,200 tonnes from Gurugram and 800 tonnes from Faridabad — gets added to the site, which already has about 35 lakh tonnes of untreated garbage. According to the report, 1,17,214 tonnes of legacy waste have been bio-remediated till December 31, last year. Also, of the total 33 lakh tonnes waste, only 66,982... Read more.. Date : Jan 27 Source: Green Tribunal
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India among top 10 most affected countries in Global Climate Risk Index 2021, says environmental think tank GermanwatchThe Global Climate Risk Index 2021 analyses to what extent countries and regions have been affected by impacts of weather-related loss events (storms, floods, heat waves etc.). Human impacts (fatalities) and direct economic losses were analysed. The most recent data available — for 2019 and from 2000 to 2019 — were taken into account. The countries and territories affected most in 2019 were Mozambique, Zimbabwe as well as the Bahamas. For the period from 2000 to 2019 Puerto Rico, Myanmar and Haiti rank highest. This year’s 16th edition* of the analysis reconfirms earlier results of the... Read more.. Date : Jan 27 Source: German Watch
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India Ratings Revises Outlook on Rajkot (Gujarat) Solar’s Bank loans to Stable; Affirms ‘IND BBB+’Improved generation in FY21: RGSEPL’s PLF improved by 4.21% yoy in 7MFY21 and was in line with the annual P90 estimate. The PLF sustaining at P90 level is a key rating monitorable. Low Offtake Risk: The rating reflects high revenue visibility, indicated by a long-term, fixed-price power purchase agreement (PPA) with Madhya Pradesh Power Management Company Limited (MPPMCL) for the entire capacity. In case MPPMCL refuses to buy power under the PPA, RGSEPL is allowed to sell power to third parties. If the tariff realised through third-party sale is lower than INR5.46/kWh (the contracted PPA... Read more.. Date : Jan 27 Source: India Ratings
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No two-year blanket extension in FGD timelines for power plants: MoEFNew Delhi: The environment ministry is not in favour of a blanket two-year extension to coal-fired plants for implementing emission control measures but is considering appropriate relaxations in view of pandemic and less capacity of local manufacturers, environment secretary R P Gupta said. He said the environment ministry may consider a maximum extension of two years to eligible power plants. The power ministry has in a letter to Gupta recommended a two year extension in current deadline for 448 operational thermal generating units. “The ministry of power wants a blanket two-year... Read more.. Date : Jan 25 Source: Economic Times
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Air Quality Commission ropes in top technical institutions to set up a Decision Support System The System will use Artificial Intelligence(AI) to help improve the air quality over targeted sectors of Delhi /NCRThe Commission for Air Quality Management (CAQM) in NCR and adjoining areashas begun the process of setting up a Decision Support System (DSS) having a web, GIS and multi-model based operational and planning decision support tool. This tool will help immensely in capturing the static and dynamic features of the emissions from various sources. It will have an integrated framework to handle both primary and secondary pollutants using chemical transport model. The system will also be able to handle the source specific interventions with the framework to estimate benefits of interventions and... Read more.. Date : Jan 25 Source: PIB
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An ‘ocean fund’ aims to scale up circular economy - Singapore-based Circulate Capital dedicate half of its $106 million “ocean fund" to IndiaFrom discarded debit cards to packaging material,plastic waste is choking up our streets and oceans. Covid-19 and lockdowns made it worse as throwaways increased while collections got disrupted. India generates around 10 million tonnes of plastic waste a year, 40% of which is not even collected, let alone being recycled. This is not just a massive problem but also an opportunity to create value from waste, with tech innovations. The scale of this prompted Singapore-based Circulate Capital to dedicate half of its $106 million “ocean fund" to India. The fund aims to reduce plastic waste... Read more.. Date : Jan 25 Source: Live Mint
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Socially-Conscious Loans Attract Europe’s Alternative Lenders(Bloomberg) -- Investor demand for socially responsible projects is slowly pushing its way into Europe’s private credit markets, kicking off a shift in a booming area of company finance. Linking loan terms to environmental, social and governance goals is relatively established in investment-grade corporate debt, but still comparatively rare in the $850 billion universe of alternative credit. Barings LLC and Tikehau Capital SCA, so-called direct lenders that provide financing to mid-size firms, are among those now embracing such packages. That may just be the start as more lenders realize... Read more.. Date : Jan 25 Source: bnnbloomberg
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ISA to consider solar bank planThe steering committee of the International Solar Alliance (ISA) is set to meet shortly to clear the decks for the World Solar Bank (WSB), which is expected to be headquartered in India, said two people aware of the development. India may become its lead member by taking a 30% stake in it through a $600 million equity commitment. This would be the first multilateral development bank (MDB) headquartered in India and comes even as Beijing has taken the lead in creating the Asian Infrastructure Investment Bank and the New Development Bank (NDB). ISA and Brickworks Analytics has prepared a... Read more.. Date : Jan 25 Source: Live Mint
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JinkoSolar Begins Construction On 20 Gigawatt Solar Cell FactoryJinkoSolar, one of the largest solar module producers in the world, is ramping up its solar cell production tremendously. It is building a 20 gigawatt solar cell factory that is expected to be fully operational by the end of 2021. The factory is being built in Chuxiong, Yunnan Province, China. The first 10 gigawatt (GW) half of the factory is supposed to be online by May 2021. If 20 GW sounds like a lot to you, that’s because it is. In fact, it’s such an enormous production capacity that this would make it the largest solar cell factory in the world, according to JinkoSolar (and I have no... Read more.. Date : Jan 25 Source: Clean Technica
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NTPC and SJVN in fray to buy PTC’s wind power assetsNEW DELHI : State-run NTPC Ltd and SJVN Ltd have placed bids to buy out PTC India Ltd’s 289MW wind power assets spread across Madhya Pradesh, Karnataka, and Andhra Pradesh, said two people aware of the development. With a potential enterprise value of around ₹2,000 crore, the sale is part of the country’s largest electricity trader PTC India Ltd’s plans to exit its wind power business. These seven assets are owned by PTC India’s subsidiary PTC Energy Ltd. This deal comes against the backdrop of India’s electricity demand registering an all-time high of 187.3GW on Friday morning. KPMG was... Read more.. Date : Jan 25 Source: Live Mint
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Hold back imposition of basic customs duty on solar equipment in Budget, demand developersNew Delhi: Solar power developers in the country have demanded that the government should hold back the imposition of basic customs duty (BCD) on solar equipment for the time being in the forthcoming budget. They fear that this could derail the government's ambitious target of having 175GW renewables by 2022, requiring an investment flow of Rs 1.75 lakh crore. According to industry estimates, as much as Rs 1.75 lakh crore investment is required to bid out 35GW of renewable energy capacity in the country. About 50 GW of clean energy is under implementation, while India has already installed... Read more.. Date : Jan 25 Source: Economic Times
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CSIR-CMERI unveils ‘Aqua Rejuvenation Plant’ which facilitates an Organic Farming Model through treated Waste WaterCSIR-Central Mechanical Engineering Research Institute, Durgapur unveiled the first-ever WasteWater Treatment Technology Model which purifies Waste Water for Irrigation/Farming purposes. Prof. (Dr.) Harish Hirani, Director, CSIR-CMERI inaugurated the ‘Aqua Rejuv’ along with Shri SubhenduBasu, Additional District Magistrate (Zila Parishad), Paschim Bardhaman and Additional Executive Officer, Paschim Bardhaman Zila Parishad today at CSIR-CMERI colony in Durgapur (West Bengal). During his inaugural speech Prof. Hirani said that he wanted the solution for the society from Carbon Dioxide,... Read more.. Date : Jan 25 Source: PIB
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ndia’s first self-repairing two-wheeler! Komaki electric bikes launchedA new electric two-wheeler manufacturer, Komaki, has entered the scene. KLB Komaki, the parent company, has dabbled in driveshaft as well as bearings for more than 32 years. The need to make our country pollution free as well as to contribute to the “Green India” vision lead to starting Komaki in 2016. While so far there have been more than nine low-speed electric scooter launches by the company from inception, in 2021 it will be mostly about high-speed two-wheelers. When we say two-wheelers, the brand has got products like the M5 which not only promise a higher range but also have a self-... Read more.. Date : Jan 25 Source: Financiai Express
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Solar industry hopes the Budget will pave way for tariff barriers on importsBENGALURU: The renewable energy industry is hoping that the upcoming Union budget will provide clarity on implementation of the long-pending basic customs duty on solar cells and modules, which they said would fast-track investments in the sector. “We look forward to clarity on schemes that would attract investment towards capacity creation in the solar PV supply chain in India,” said Sujoy Ghosh, vice president – APAC & India Region at First Solar, a leading US solar panel manufacturer that has been considering setting up a production unit in India. Finance minister Nirmala Sitharaman... Read more.. Date : Jan 22 Source: Economic Time
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