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Sustainability Outlook Headlines

IMF Fiscal Monitor Presser

The IMF is warning that a ‘synchronized downturn’ in global growth may mean countries need to be prepared for coordinated action, the Fund’s Director of the Fiscal Affairs Department, Vitor Gaspar said at the launch of the Fiscal Monitor report Wednesday in Washington. Gaspar said that governments must carefully watch their debt burdens, even as new estimates reveal a continued increase. “The headline number is above 226 percent of global GDP. And that corresponds to a small increase, relative to 2017, when the value was 225 (percent), but a much more expressive increase, relative to what... Read more..

Source: The News Market

In a first, NHAI uses plastic to lay road

BENGALURU: In a major eco-friendly initiative aimed at using plastic waste, the Bengaluru unit of the National Highway of India (NHAI) on Wednesday completed laying a 600m stretch on the Bengaluru-Hyderabad highway using plastic waste. This is in line with the repeated push given by the Central government to use plastic waste in road construction in the country after it was made mandatory in 2015. Director of the Project Implementation Unit of NHAI, Bengaluru, S P Somashekar told The New Indian Express, “For the first time, we have used 4% of plastic waste along with the bitumen and... Read more..

Source: The New Indian Express

IIT-H, KIIT-Bhubaneshwar researchers develop bio-bricks

Sangareddy: Researchers from Indian Institute of Technology-Hyderabad (IIT-H) and School of Architecture, Kalinga Institute of Industrial Technology Bhubaneshwar, (KIIT) have developed bio-bricks for construction from agricultural waste products. Their development serves the dual purposes of waste management and development of eco-friendly, sustainable building materials. The research was undertaken by Ar Priyabrata Rautray, Phd Scholar, Design department IIT-H and Avik Roy, Assistant Professor, KIIT School of Architecture. They were guided by Prof Deepak John Mathew, Head Design... Read more..

Source: Telangana Today

Bajaj's iconic Chetak makes a comeback in electric avatar

New Delhi, Oct 16 () Iconic scooter brand of yesteryears, Chetak is making a comeback in an electric avatar with Bajaj Auto on Wednesday announcing that it will sell electric scooters under the label as a premium offering. The company, which had vehemently opposed a proposal of Niti Aayog to go for 100 per cent electric vehicles (EVs) for three-wheelers by 2023 and two-wheelers with an engine capacity less than 150 cc by 2025, said its entry into the EV space is to get the first mover advantage in the segment. Bajaj Auto said it plans to start selling e-scooter Chetak from January onwards... Read more..

Source: The Times of India

‘Can’t miss bus to become a base for EV making’

India’s bid to electrify its bus fleet is progressing swiftly and the country must not “miss the bus” for creating a local manufacturing base for electric vehicles, union minister for road transport and highways Nitin Gadkari has said. “Our dream of electrification is progressing very swiftly. Electric as a fuel is so cheap, pollution free, and cost will be competitive once the scale increases,” Gadkari said at the launch of Bajaj Auto’s electric two-wheeler here on Wednesday. “We should not miss this bus. Along with ‘Make in India’, we should see that India becomes the manufacturing hub... Read more..

Source: The Economic Times Tech

Industry seeks clarity on single-use plastic ban; officials say each state following its own policies is fragmenting industry

New Delhi: Industry has sought clarity on the government’s plan to phase out single-use plastic by 2022 and urged the Centre to issue clear guidelines. An outright ban would escalate costs and lead to job losses and disrupt supply chains, companies said. The uncertainty “has led to the closure of about 10,000 units and the plastic industry is staring at job losses of 4.5 lakh people ahead of the Diwali season,” said Jayesh Rambhia, co-chairman, environment committee, All India Plastic Manufacturers Association. “The industry urgently requires clear guidelines on what the short and long-... Read more..

Source: The Economic Times

Centre widens import ban of plastic waste

NEW DELHI: Amid reports of how private recyclers are slyly bringing plastic waste into the country in the form of PET (polyethylene terephthalate) flakes and lumps, the Centre has further tightened the rule by bringing clarity in the import ban order which will be applicable for all kinds of plastic waste in all forms. It was necessitated as the recyclers in India had started importing plastic flakes and lumps, made from washing and cutting of plastic waste, to circumnavigate the ban rule which did not initially specify the status of different forms in as many words. The companies... Read more..

Source: The Times of India

Delhi: E-vehicles to have fixed parking spots

NEW DELHI: To make electric vehicles popular, the municipal corporations are now mulling over reserving spots and setting up charging stations in parking lots. South Delhi Municipal Corporation (SDMC) would be reserving five spots for electric vehicles in each of its parking lots. “This move is a part of the new parking policy. The list of parking lots where 70 charging stations will be set up has been finalised. We already have such charging stations in the underground parking of the municipal headquarters,” an official said. Earlier, Delhi government had announced that by 2023 it wanted... Read more..

Source: The Times of India

Indian Railways to become 'net zero' carbon emitter by 2030

New Delhi: As part of India’s strategy to combat climate change, Indian Railways will become "net zero" carbon emitter by 2030, said railways and commerce minister Piyush Goyal on Tuesday. India is the biggest emitter of greenhouse gases after the US and China, and is among countries most vulnerable to climate change. Meanwhile, the national carrier has a rail network of around 125,000km, making it the world’s largest railway network under a single management. It also has large tracts of land along its network, which will be used to set up solar power generation capacities. As the country... Read more..

Source: Livemint

India calls for a reset of climate debate on coal as a fuel

New Delhi: India on Tuesday called for a reset on climate debate on coal as a fuel, in the backdrop of India becoming one of the top renewable energy producers globally with ambitious capacity expansion plans. India’s position was articulated by power and renewable energy minister Raj Kumar Singh; commerce and industry minister Piyush Goyal and coal and mines minister Prahlad Joshi at the India Energy Forum by CERAWEEK. “The debate about coal needs to be restated or restructured. One should talk about emissions not not coal production. This whole premise needs to be re examined," said Raj... Read more..

Source: Livemint

Air pollution: IITs, other institutions in 18 states to help implement NCAP as knowledge partners

New Delhi, Oct 15 (PTI) In its battle against bad air quality in the country, the government has launched a national knowledge network comprising IITs and other institutes to support the national clean air programme (NCAP) aimed at reducing air pollution by 20-30 per cent in the next five years. The institutions which have been made a part of the National Knowledge Network (NKN) are IITs of Delhi, Kanpur, Madras, Bombay, Roorkee, Guwahati, Hyderabad and Tirupati. Apart from IITs, institutes like PGI Chandigarh and Bose Institute Kolkata are also a part of the NKN which will act as a... Read more..

Source: Outlook

Netherlands, India announce partnerships on eight tech projects

Governments and institutes from India and Netherlands announced partnerships on eight technology projects including the testing of a flying car developed by a company from Netherlands in Gujarat for border control, policing, and first aid. The other projects include the prevention of pollution and efficient water use in Kanpur-Unnao leather cluster, waste to wealth project in Hindon, healthy villages through primacy health and wellness centres, next generation automotive and internet innovations. The partnerships were announced during the inauguration of the 25th edition -CII India... Read more..

Source: Hindustan Times

India to install 2.9 GW wind capacity in 2019: Report

Auctions were conducted for 5.2 GW until August 2019 but only 2.9 GW was awarded because of lack of developer interest. India is likely to install more wind capacity in 2019 than it did last year, but it will still be well below what it used to be earlier. According to Bloomberg New Energy Finance (BNEF), the country will install 2.9 gigawatt in 2019 against 2.3 GW in 2018. In 2016-17, 5.4 GW was added, while 3.4 GW was achieved in 2015-16. “We expect 15.6 GW of new wind projects to be added between 2019 and 2022. Thus, India will reach 51 GW of wind installed capacity by 2022, 9 GW less... Read more..

Source: The Economic Times

BP-RIL JV may roll out charging networks for electric vehicles

New Delhi: Attracted by India’s electric vehicle (EV) mobility play, the BP’s group joint venture (JV) with Reliance Industries Ltd (RIL) may roll out charging networks across the country in the future, according to a top executive. This comes in the backdrop of RIL and BP JV having announced on 6 August their fuel retailing partnership for India. The joint venture, which is owned 51% by RIL and 49% by BP, plans to set up 5,500 fuel retail outlets across India. “As we plan to go forward is providing electric charging at the retail sites and networks. So, it doesn’t involve constructing the... Read more..

Source: Livemint

Will set-up 1 GW of renewable energy projects with EDF in India: Patrick Pouyanne, CEO, Total

New Delhi: France’s oil and gas firm, Total, and energy group, EDF, plan to develop one gigawatt (GW) of renewable energy projects in India through their joint subsidiary Eden Renewables India, according to Patrick Pouyanne, chief executive officer of Total. Pouyanne, speaking on the sidelines of India Energy Forum by CERAWeek on Monday, added that the firm is also exploring a partnership with Gautam Adani-led Adani Group for renewable energy projects. “We already have a company here, which is a joint venture between Total and EDF. We are already around 200 megawatt (MW) to 300 MW and plan... Read more..

Source: The Economic Times

Avyan Renewable Solar’s Acquisition in SunEdison Reduced to 31%

Avyan Renewable Solar will now acquire 13,91,896 equity shares representing 31% of the equity share capital of SunEdison, according to a recent corporate filing by SunEdison with the Bombay Stock Exchange (BSE). Initially, the share purchase agreement (which has now been amended) was signed with SunEdison Infrastructure Limited (formerly YKM Industries Limited) to acquire 16,83,713 equity shares representing 37.50%. However, all other terms and conditions of the SPA will remain the same. According to the letter from Keynote Financial Services Limited, “Further, there has been no change in... Read more..

Source: Mercom India

FM allays investor concerns, says govt will honour commitments in energy pacts

NEW DELHI : Finance minister Nirmala Sitharaman on Monday assured global investors about the sanctity of power purchase contracts in India. India’s assurance comes against the backdrop of controversial attempts by the Andhra Pradesh government to renegotiate clean energy tariffs with developers. The Union government has pulled out all stops to try and stop the Y.S. Jagan Mohan Reddy-led state government from cancelling PPAs inked by the previous Telugu Desam Party (TDP) government. Speaking at the India Energy Forum by CERAWEEK, Sitharaman said, “The commitment given in terms of renewable... Read more..

Source: Livemint

Take action on panel report seeking ban on sachets, pouches within 3 months, NGT tells Centre

NEW DELHI: The National Green Tribunal Monday directed the Centre and other agencies to take action within three months on a report by an expert committee which sought ban on small water bottles, pouches and cups saying these constitute a considerable amount of plastic waste. A bench headed by NGT Chairperson Justice Adarsh Kumar Goel said that based on the recommendations of the expert committee, "the Ministry of Environment and Forests, Directorate General of Health Services, Food Safety and Standards Authority of India and other agencies concerned shall take action within three months... Read more..

Source: The New India Express

Walmart boosts local MSME sourcing ahead of Diwali, shuns plastic packaging

US-based retail biggie Walmart has bolstered the local micro, small and medium enterprises (MSME) procurement ahead of Diwali, a senior company official said here today. The local MSME sourcing is to cater both Diwali gifting options and staple consumer and food items. “We are getting good ‘Diwali’ response as we expand our basket of locally-sourced goods in Uttar Pradesh and other states, especially for Diwali gifting,” Walmart India vice president (Operations North) Vijeet Singh Shekhawat said in Lucknow this afternoon. He said the company was sourcing a range of food items made in UP,... Read more..

Source: Business Standard

India's new mobility market expected to touch $90 bn by 2030: Data

India's new mobility market is expected to touch $90 billion by 2030. While revenue from the taxi cluster is expected to exceed $61 billion by the time, revenue from ride hailing is expected to hit $43.3 billion by 2025. Data from Frost & Sullivan comes at a time when the global trend is gradually shifting towards public and shared transport and the lack of infrastructure and parking is pushing people away from vehicle ownership. These factors are also leading to growth of alternate new moblility. According to data, new mobility will be driven by taxi services, expected to touch $61... Read more..

Source: Business Standard

Former CJI urges govt to reverse forest mismanagement

Former Chief Justice of India M N Venkatachalaiah, on Monday, criticised decades of improper policies, which he said, had wreaked havoc on the state’s forests. He was speaking at the launch of a new memoir on forests and the environment. “Today, we are in a precarious position. The world is in the throes of climate change and the need to conserve our forests has never been greater than before,” said the Chief Justice. He called upon the state government to reverse what he described as decades of “mismanagement of forests.” “Now that a new government has taken over, it must take a strong... Read more..

Source: The Deccan Herald

Ratan Tata to invest in electric two-wheeler start-up Tork Motors

Ratan Tata, Chairman Emeritus of Tata Sons, will invest an undisclosed amount in Pune-based electric vehicle start-up Tork Motors, just before the commercial launch of its flagship product T6X. Powered by lithium-ion batteries, T6X, the electric motorcycle, is engineered to travel at a top speed of 100 kmph, and runs 100 km on a single charge.
PUNE: Ratan Tata, Chairman Emeritus of Tata Sons, will invest an undisclosed amount in Pune-based electric vehicle start-up Tork Motors, just before the commercial launch of its flagship product T6X.

Tork Motors, is a maker of... Read more..

Source: The Times of India
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India Recognises The Need For Environmentally Sustainable Development Strategy

The International Monetary Fund looks at India as a country that recognizes the need for an environmentally sustainable development strategy as the global community gears up for a decisive fight against climate change. “If you look at India in the last generation, India has been undergoing development. India has been undergoing a transformation. India has become a major player in the world economy. “India is a great power and we look at India as a country that recognizes the need for an environmentally sustainable development strategy,” Vitor Gaspar, Director of the IMF’s Fiscal Affairs... Read more..

Source: EBM news

Corporates get responsible about plastic

It is not clear how sustainable the movement will prove, but if a Business Standard story on MNCs cutting plastic-use is anything to go by, there is a lot of room for optimism. While FMCG major HUL and its parent company, Unilever, are relying on changing the design and packaging of their products—this, Unilever estimates, could help it bring its plastic usage from 700,000 tonnes annually to 100,000 tonnes—Flipkart aims to use only recycled plastic from 2021 and Amazon is targeting eliminating single-use plastic from its operations in India by 2020. Unilever/HUL plans to start refill... Read more..

Source: Financial Express

India Plans To Develop A Green Belt Similar To The Great Green Wall Of Africa

Many countries in the world are trying to move to make a positive difference for our planet. Yes, in the past, we have exploited our planet enough. Now it’s time to give something back to it. Out of all the countries in the world, India is making quite a move towards a greener world. In general, India has an affinity for trees. If you ever go down the roads of India, you will be greeted with lush greenery on both sides. The country is quite environmentally-charged. And now, the Indian government is trying to amp it up a little. The Central government is planning for a 1,400km long and 5km... Read more..

Source: Educate, Inspire, Change