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Sustainability Outlook Headlines
Total to acquire 20 per cent stake in Adani Green EnergyNew Delhi: Adani Group on Monday said France’s Total is set to acquire a 20 per cent minority stake in its clean energy arm, Adani Green Energy (AGEL). It added that the deal would be through acquisition of shares held by the Gautam Adani-led Adani Group in AGEL. “We are delighted to deepen our strategic alliance with Total… We look forward to working together towards delivering India’s vision for 450 GW renewable energy by 2030,” said Gautam Adani, chairman, Adani Group. According to the company press release, the investment in AGEL was another step in the strategic alliance between the... Read more.. Date : Jan 19 Source: ET EnergyWorld
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Power engineers to protest on February 3 against privatisation of discomsNew Delhi: Power sector engineers would go for token work boycott across the country on February 3 to protest against the move to privatise distribution companies by the central government, the All India Power Engineers' Federation (AIPEF) said on Monday. "Power engineers across the country shall resort to token work boycott and hold protest meetings on 3rd February against privatization policies of the Government of India," AIPEF spokesperson V K Gupta said in a statement. Shailendra Dubey, the Chairman of AIPEF, in a letter to the Prime Minister, stated that power engineers are grieved... Read more.. Date : Jan 19 Source: ET EnergyWorld
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Economic activity tentatively returning to pre-Covid levels, says IcraEconomic activity recorded a broad-based improvement in December as against November, showing a return of demand, according to a report. Rating agency Icra on Monday said most of the indicators have displayed a year-on-year (y-o-y) expansion in December 2020, which signals a "tentative return to pre-COVID normalcy". It can be noted that there have been apprehensions about the sustainability of the demand after a pick-up in economic activity during the festivities. December was the first month after the busy activity season. "Economic activity rebounded solidly in December 2020 relative to... Read more.. Date : Jan 19 Source: Business Standard
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Shift to renewable energy eases key environmental burdens, EU saysBRUSSELS: Europe's shift from fossil fuel-based electricity to renewable sources has reduced environmental problems while also cutting the greenhouse gas emissions causing climate change, the European Environment Agency (EEA) said on Monday. Renewable power generation in the European Union has nearly doubled since 2005, producing 34 per cent of EU electricity in 2019 compared with the 38 per cent produced by fossil fuels like coal and gas. The EU's switch from fossil fuel-based power production to sources like wind and solar since 2005 has "significantly decreased" emissions, while also... Read more.. Date : Jan 19 Source: ET EnergyWorld
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Apple is adding an executive bonus metric in 2021 measuring ESG performance.Apple is adding an executive bonus metric in 2021 measuring ESG performance. Last year, Apple opposed a shareholder measure that asked for a substantially similar compensation change and the shareholder is targeting Alphabet this year. Apple is ranked among leaders in corporate ESG, but labor and human rights issues at partners have been a continued source of concern, as well as workforce diversity. Social responsibility as a factor in executive pay is becoming more common, though it is still the exception at major corporations, but a 2020 marked by civil unrest and a pandemic accelerated... Read more.. Date : Jan 19 Source: CNBC
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Mutual funds contribute to environment sustainability on behalf of ESG investorsICICI Prudential Mutua Fund and Kotak Mahindra AMC have decided to take the cause of ESG further on behalf of their investors. ICICI Prudential Mutual Fund has contributed to plant over 50,000 saplings, equivalent to the number of investors that opted for investing into ICICI Prudential ESG Fund during the New Fund Offer period. Kotak Mahindra AMC, on 12th January, 2021, became a signatory to Climate Action 100+. In April 2018, KMAMC became the first domestic asset management company to sign up with the PRI (Principles for Responsible Investment) which is supported by the United Nations.... Read more.. Date : Jan 19 Source: LiveMint
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Sebi chief chairs meeting with corporate India on business responsibility and sustainability reportingSebi chief Ajay Tyagi on Friday told corporate India, that the proposed format for business responsibility and sustainability reporting is aimed at bringing greater transparency through disclosure of material ESG(environmental, social and governance) related information. As it would allow market participants to identity and assess sustainability- related risks and opportunities. The Securities and Exchange Board of India(Sebi) conducted a round-table, which was chaired by Tyagi, on business responsibility and sustainability reporting (BRSR). “This, I am sure, will give a big fillip to... Read more.. Date : Jan 19 Source: Economic Times
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Italy’s Eni eyes foray into Indian clean energy spaceUnderpinning the growing focus of global super energy majors on India’ green economy, Italy’s Eni SpA is exploring the feasibility of participating in the world’s largest clean energy programme, said two people aware of the development. Eni is eyeing gigawatt (GW)-scale investments in India and plans to reach 55GW installed capacity globally by 2050. The Rome-headquartered firm is studying the build quality of projects, players’ profiles, and the market in India. Oil giants are aiming to diversify and invest in India’s clean energy programme as the conventional hydrocarbon space undergoes... Read more.. Date : Jan 19 Source: LiveMint
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Terabite Ekarts launches electric food carts for street vendors with up to 80 km rangeTerabite Ekarts, a Bengaluru-based food application-driven electric vehicle company, has launched its first product in the market. Called Tera Dosa, it is the first all-electric food cart in India meant for street vendors. Founded in 2020, the company states that it aims to revolutionise the concept of unorganised street vending through electric and connected mobility, also maximising EV adoption. The e-carts boast specifications like IoT-enabled and integrated POS systems and a modular design. The new TeraDosa e-cart is priced at Rs 3 lakh plus GST plus logistics. Customers can pre-order... Read more.. Date : Jan 18 Source: The Financial Express
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Abu Dhabi plans three-pronged Abu Dhabi Hydrogen Alliance to export hydrogen for fuelAbu Dhabi, the capital of the United Arab Emirates, has agreed on a deal to produce and export hydrogen as fuel, its state media office announced on Sunday. So-called green hydrogen, created by splitting water into its two components using electricity from renewable energy sources, is increasingly viewed as a fuel of the future to reduce carbon emissions from fossil fuels. Abu Dhabi National Oil Co (ADNOC), Abu Dhabi state investor Mubadala and state-owned holding company ADQ have signed a memorandum of understanding to establish the Abu Dhabi Hydrogen Alliance, the statement said. The... Read more.. Date : Jan 18 Source: The Economic Times
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PM Modi launches Rs 1,000 crore seed fund for start-upsPrime Minister Narendra Modi on Saturday launched a Rs 1,000 crore seed fund for the start-up sector assuring there would be no shortage of funds for the sector and said the Centre will help them raise equity through guarantees. “This will help in starting and growing new start-ups. Fund of funds scheme is already helping start-ups raise equity capital. India is working for a start-up ecosystem based on the mantra ‘Of the Youth, By the Youth, For the Youth’, We have to fix our goals for the next five years and these goals should be that our start-ups, our unicorns should emerge as global... Read more.. Date : Jan 18 Source: The Economic Times
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Naitonal Green Tribunal directs Centre to finalise EPR regime within three months, says plastic waste a serious hazardThe National Green Tribunal has directed the Ministry of Environment and Forests to finalise the "Extended Producer Responsibility" (EPR) regime for plastic waste within three months saying that steps taken by it were "too slow". A bench headed by NGT Chairperson Justice Adarsh Kumar Goel said unscientific management of plastic waste is a serious hazard for the environment and public health. EPR (Under Plastic Waste Management Rules 2016) puts the onus on the manufacturers for the treatment, recycling, reuse or disposal of products after a consumer has used and disposed them. "Regretfully... Read more.. Date : Jan 18 Source: The Economic Times
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Cleaning solar panelsScientists at the International Advanced Research Centre For Powder Metallurgy and New Materials, ARCI, have developed a water-repellent transparent material for easy cleaning of solar panels. Once the panels are coated with this material, you only have to throw some water on them — the water will roll off, as from a duck’s back, carrying the dust with it. A water droplet assumes the form of a bead, rather than a film, on the coated surface because of the low surface energy of the coated panels. The material has been developed specifically for Indian weather conditions, says Dr S Sakthivel... Read more.. Date : Jan 18 Source: Business Line
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EESL, PCRA to distribute energy-efficient PNG stovesEnergy Efficiency Services Ltd. (EESL), has signed a memorandum of understanding (MoU) with Petroleum Conservation Research Association (PCRA) to distribute energy efficient PNG-based cook stoves. The MoU envisages implementation of the Energy Efficient PNG Cook Stove (EEPS) programme on a pan-India basis, an official statement said. The programme, in its first phase, will witness the distribution of 10 lakh energy efficient PNG based cook stoves in select cities of the country. The stoves will be available to all PNG consumers in the relevant areas. The consumers can opt for two kinds of... Read more.. Date : Jan 18 Source: The Economic Times
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Cochin International Airport commissions floating solar power plantsCochin International Airport Ltd (CIAL), which became the world's first solar-powered airport in 2015, on Sunday added another feather to its cap, commissioning two floating solar power plants in Kerala. With the installation of the plants with a capacity of 452 KWh over two artificial lakes, the airport's total installed capacity has risen to 40 MWp helping it to produce around 1.60 lakh units of power a day against per day consumption of around at 1.30 lakh units, the CIAL said. "CIALs trysts with the experiments in producing green energy achieved another milestone with this installation... Read more.. Date : Jan 18 Source: The Economic Times
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State considering renewable energy to meet power needsThe state government has approached the Union ministry of new and renewable energy (MNRE) to undertake a feasibility study and provide technical assistance to assess potential, availability of technologies and financial viability to set up power generation projects from new and renewable energy sources. A senior official said that the study will find out if Goa can generate power from renewable energy source to meet all its power needs. The government has proposed to generate power from renewable sources in the state to the extent possible by assessing the potential to generate power from... Read more.. Date : Jan 18 Source: The Times of India
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Solar company Starsight secures $10 million in financingSolar power supplier Starsight has expanded a senior debt facility by $10 million to broaden its offerings and generation capacity in Nigeria and Ghana, the company said on Thursday. The expanded facility, completed with development financiers Finnfund and Norfund, doubles the existing debt facility the company has with them and is the second time a solar company in the region has secured millions in funding this week. On Tuesday, Daystar Power announced $38 million in funding, mostly from development finance institutions, to expand West Africa operations. Grids across Africa do not... Read more.. Date : Jan 15 Source: The Economic Times
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PM Narendra Modi to address star-studded start-up event tomorrowIn a tweet on Thursday, Prime Minister Modi said, “this summit seeks to bring together the top minds from industry, academia, investment, banking, finance and of course, young start-up leaders. We would also be marking 5 years since the Start-Up India initiative began. narendra modi,union budget 2021 The event, touted to be the largest congregation of start-up stakeholders, comes at a time when a Covid-ravaged economy urgently needs businesses, including start-ups, to awaken their animal spirit and boost investments to spur growth. Prime Minister Narendra Modi will, on Saturday, address a... Read more.. Date : Jan 15 Source: The Financial Express
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JinkoSolar N-type Mono Module Set a New World Record Reaching the Highest Conversion Efficiency of 23.01%Recently, JinkoSolar Announced that after JinkoSolar N-type TOPCon Mono Cell conversion efficiency broke the record, the company’s latest developed N-type mono modules have been tested by the authoritative third-party organization TÜV Rheinland. As a matter of fact, Jinko N-Type panels hit a record-high conversion efficiency of 23.01%, breaking the previous world record of 22.39% set by JinkoSolar themselves in January 2020. JinkoSolar accomplished this outstanding achievement thanks to its industry leading vertical integration technology, which integrates the company’s N-type TOPCon high-... Read more.. Date : Jan 15 Source: Renewable Watch
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Nod to independent operators of gas pipelines soon: Petroleum SecyThe government proposes to appoint independent operators of gas pipelines in the country to operationalise the common carrier principle that will allow all consumers and producers access to fuel transport infrastructure. Petroleum Secretary Tarun Kapoor told IANS that the ministry was taking approvals for segregating the existing gas pipeline infrastructure to identify the portion of infrastructure that will need to support common carriers. "We are getting all the approvals. Certain things have to go to the cabinet within two to three months. We will do it," Kapoor told IANS in an... Read more.. Date : Jan 15 Source: The Economic Times
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Amplus brings the MILES challenge for energy startupsAmplus Solar launched the MILES (M+Innovation Lab for Energy and Sustainability) challenge today. The challenge is inviting startups with ready to deploy solutions in the clean energy ecosystem in India. Amplus Solar launched this challenge in association with GoMassive Earth Network, an angel investor forum focused on sustainability. The MILES challenge comes with mentorship and access to resources for the participating energy startups. Amplus has committed to supporting the winners of the MILES challenge through seed capital that will help them scale up. Ernst & Young LLP are the... Read more.. Date : Jan 15 Source: Techherald
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Govt notifies modified scheme on ethanol productionThe government on Thursday notified a "modified" scheme to provide financial assistance to distilleries producing first-generation ethanol from feedstocks, including cereals. The assistance will be given for capacity expansion, setting up of new ethanol distilleries or converting molasses-based distilleries to dual feedstock. In a statement, the government said sugar mills, distilleries or entrepreneurs are required to submit an application in a prescribed proforma to the Union Food Ministry within 30 days from the notification for availing the assistance under the scheme. Sugarcane and... Read more.. Date : Jan 15 Source: The Economic Times
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Fuel prices on fire as crude price tops $57 a barrelPetrol price made a new record at Rs 84.45 a litre in Delhi and crossed Rs 90 in Mumbai on Wednesday in tandem with crude topping $57/barrel for the first time since February 2020 as economic optimism outweighed concerns over fresh virus scare in Europe and China. Diesel price made a fresh record at Rs 81.34 in Mumbai and narrowed the gap with previous peak in Delhi as state-run fuel retailers, who dominate the market, resumed daily price revision after a 5-day gap to pass on the impact of crude’s week-long rally. After the latest hike, diesel costs Rs 74.63 a litre in Delhi, 82 paise... Read more.. Date : Jan 14 Source: The Economic Times
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Tesla may kickstart India ops with sales and R&D to followTesla is looking to open its first sales outlet in India, possibly in Bengaluru, even as it continues talks with the Karnataka government on setting up a research and development (R&D) centre in the state, two people aware of the development said. The billionaire Elon Musk-led electric vehicle maker (EV) maker has registered a new entity, Tesla India Motors and Energy Pvt. Ltd, with an office in Bengaluru, as part of the initial steps towards starting operations in India. “They will introduce their products here and set up outlets. There are ongoing talks for a R&D centre (in... Read more.. Date : Jan 14 Source: Live Mint
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Cabinet approves mining reformsIndia on Wednesday liberalised the mineral sector paving way for large private investments through auction of nearly 500 leases, doubling production in the next 4-5 years, sources said. The amendments, now to be laid before Parliament in the Budget session, do away with distinction between captive and non-captive mines, allowing transfer of mining leases. Comprehensive license for exploration and production, clarity in illegal mining, national mineral index and joint auctions of bauxite and coal mines for aluminium sector are some of the other proposals that have been approved by the... Read more.. Date : Jan 14 Source: The Economic Times
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