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Sustainability Outlook Headlines

Finland Aims to Reach Carbon Neutrality in 2035, Go Carbon Negative Soon After

Finland has communicated its long-term low greenhouse gas (GHG) emission development strategy (LEDS) to the UNFCCC. Finland’s LEDS charts scenarios and impact assessments to achieve its 2035 carbon neutrality target, and reviews longer-term emissions reduction and removal opportunities by 2050.

The LEDS assesses Finland’s emissions reduction potential and needs by sector in three scenarios concerning the... Read more..

Source: IISD

Mangaluru: MSCL gives big push to green solar energy using Government buildings roof tops

Mangaluru Smart City Ltd (MSCL) is giving a big push for green energy by promoting roof top solar energy. This SPV set up to execute smart cities mission of ministry of housing and urban affairs plans to generate 1250-kW of power through roof tops of various government buildings. It has inked an agreement with Delhi based S G Renewables Energy Pvt Ltd for the project that is being executed at a cost of Rs 7.08 crore.
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Source: The Times of India

Ampere ties up with eBikeGO, secures order for 2,000 electric scooters

Electric vehicle maker Ampere on Thursday announced its tie-up with eBikeGO and secured an order from the e-mobility start-up for supply of 2,000 electric scooters.

The developments come close on the heels of Ampere bagging an order of 3,000 e-scooters from Bengaluru-based scooter rental start-up Bounce last week.

... Read more..

Source: The Hindu

Shut all 11 NCR thermal plants to curb pollution: Delhi to Centre

Power minister Satyendar Jain has written to the Centre, requesting it to shut all 11 thermal power plants operating in NCR in view of the deteriorating air quality in the capital."In a bid to bring down the pollution and due to environmental concerns, the Delhi government closed the IP power plant in 2009, Rajghat plant in 2015 and Badarpur in 2018. Delhi is the only state where there is no thermal power station," Jain said at a press... Read more..

Source: The Times of India

India to be world's largest market for battery storage by 2040: IEA

 India will become the largest market for utility-scale battery storage by 2040 as renewables show immunity to the COVID-19 pandemic to emerge as a cost-effective choice and will push coal into a corner, according to the International Energy Agency.

The IEA’s ‘World Energy Outlook 2020’ released on Tuesday says globally, power... Read more..

Source: The Times of India

India and France re-elected as President and Co- President of the International Solar Alliance (ISA) at the third assembly of the ISA

The Third Assembly of the International Solar Alliance has been attended by 34 ISA Members ministers. 53 Member countries and 5 Signatory and Prospective Member countries participated to the Assembly.

India and France were re-elected as the President and Co- President of the International Solar Alliance (ISA) for a term of two years at the virtual... Read more..

Source: Press Information Bureau

Investments into renewables seen rising 35% by FY23: Report

Positive investor interest and enabling regulations can boost the investments into the renewables sector by a healthy 35 per cent to Rs 1.5 lakh crore between now and the end of fiscal 2023, says a report.

The past three years saw fresh investments into the renewables sector led by solar and partly by wind power, surging to Rs 1.1 lakh crore, showed a Crisil report... Read more..

Source: Outlook India

Uttar Pradesh: Solar-powered tubewells to be installed for farmers

In a big push to solar power, the state cabinet on Tuesday approved a pilot project in which solar tubewells will be installed for community use by farmers.The Community Mini Green Tubewell Scheme, under private minor irrigation, will entail a solar-powered tubewell being installed for groups of small and marginal farmers. A group will have a minimum of 10 members.

As per the proposal, the pilot project will continue for a year after which it will be assessed. For 2020-21, a budget of Rs 6 crore has been approved for... Read more..

Source: The Economic Times

Kejriwal lays emphasis on adoption of solar energy

Chief Minister Arvind Kejriwal said Wednesday solar power generation in Delhi has increased from 7 MW to 177 MW in four years and emphasised on its adoption in a mission mode. "In the last four years, solar power generation in Delhi has increased from about 7 MW to 177 MW, but this is not enough because Delhi has a vast scope for it. The need is to adopt solar power as a mission," he said at the inauguration of a 218 KW solar plant at Lady Irwin College in Mandi House area.

Kejriwal said the solar energy growth in... Read more..

Source: The Economic Times

Grinntech to set up battery manufacturing facility in Tamil Nadu

Grinntech, an investor-backed startup specialising in Lithium-Ion batteries for EVs and energy storage systems, has signed an MoU with the Tamil Nadu government to establish a battery and battery management system manufacturing facility in the state to cater to the anticipated growth of electric vehicles (EVs) in India.

"We are grateful... Read more..

Source: The Times of India

Green hydrogen, electric trucks 'ripe for investment' by EU recovery fund

Green hydrogen, low-carbon aviation fuel and electric trucks are among 55 clean technologies that can help the European Union to reach its goal of climate neutrality by mid-century, research by Capgemini Invent, part of Capgemini Group, showed on Wednesday.

The research, which aims to provide a guide for policymakers and investors, identified technologies and projects the EU could invest in using money from... Read more..

Source: Reuters

Tata Power to develop 100 MW solar project at Dholera, Gujarat

Tata Power has received a Letter of Award (LOA) from the Gujarat Urja Vikas Nigam Limited (GUVNL) to develop a 100 MW solar project in Dholera Solar Park, Gujarat, the company said in a statement.The energy will be supplied to GUVNL under a Power Purchase Agreement (PPA), valid for a period of 25 years from the scheduled commercial operation date.

... Read more..

Source: The Hindu

CLP India’s wind energy arm raises around Rs 300 crore via green bonds

CLP India Private’s wind energy arm, CLP Wind Farms (India) Private, has raised Rs 296.9 crore through green bonds, the company said on Wednesday. The Hong Kong headquartered-CLP Group’s India subsidiary aims to use the proceeds to refinance loans used for projects in the field of renewable energy from the wind sources.

“The issuance of these green bonds will enable us to strengthen our low-carbon portfolio... Read more..

Source: The Economic Times

IEA's 2020 World Energy Outlook report buttresses hydro power's role: IHA

The International Energy Agency’s 2020 World Energy Outlook report recognizes the critical role of renewable and flexible hydropower in helping countries to meet their climate and sustainable development goals, the International Hydropower Association (IHA) said.

The global industry body said in a statement, commenting on the IEA report published today, under all scenarios in the flagship report, hydropower will continue to have an important role as a major source of low-carbon electricity as well as vital flexibility... Read more..

Source: The Economic Times

Govt to set up inter-ministerial committee on energy modelling

The government will set up an inter-ministerial committee under NITI Aayog CEO Amitabh Kant to spearhead research and study on energy modelling in India. The committee will consist of top representatives from the petroleum and natural gas ministry, power ministry, ministry of new and renewable energy, coal ministry, ministry of environment, forest and climate change and department of science and technology.

This committee along with a steering committee will serve the India Energy Modelling Forum (IEMF), jointly launched by NITI Aayog and United... Read more..

Source: The Economic Times

Corporate funding in global solar energy grows 43% in September quarter

Corporate funding in global solar energy grows 43% in September quarter

Total global corporate funding recorded a growth of 8 per cent year-over-year in September quarter, however it was 13 per cent lower on annual basis for... Read more..

Source: Business Today

Japan launches energy policy review amid global push for greener power

Japan on Tuesday launched its latest three-yearly energy policy review, with the country grappling with a need to cut greenhouse gas emissions even as the public remains wary over nuclear power following the Fukushima disaster.

In its last review in 2018, Japan kept its targeted mix of power sources for 2030 in line with goals set three years earlier, with... Read more..

Source: Reuters

CCI clears acquisition of solar energy assets by Adani Green-Total Solar JV

Competition Commission of India (CCI) has approved the acquisition of various solar energy assets by a joint venture of Adani Energy and Total Solar.Adani Green Energy Twenty Three Ltd -- a joint venture of Total Solar Singapore Pte Ltd and Adani Green Energy Ltd -- will buy the assets from Adani Green Energy Ltd.

... Read more..

Source: Business Standard

Smart Power India suggests technical audit of solar hybrid mini grids

Smart Power India, a subsidiary of Rockefeller Foundation, has recommended technical audit and routine monitoring of solar hybrid mini grids.

In its recently launched 'Technical Monitoring Guide' for solar hybrid mini grids in India, the company has also recommended remote technical assessment of the mini grids.

In a statement, it said that technical audit provides a detailed snapshot of the plant at a given point in time, providing a baseline for future investigations. It also outlines corrective measures and projects future performance."... Read more..

Source: The Economic Times

Engie, Mitsui sell 75 per cent of renewable energy trust to Infrastructure Capital Group

Engie SA and Mitsui & Co have sold a 75 per cent stake in their newly established Australian Renewable Energy Trust to Infrastructure Capital Group (ICG) to help speed up growth in their green energy investments.

Terms of the deal were not disclosed but a person familiar with the transaction said the stake was sold for A$400 million ($287 million).

... Read more..

Source: The Economic Times

Only 8% Indian firms have ESG-related compensation policy: Refinitiv

Though Indian companies’ average transparency rating at 29 per cent is higher than the 26 per cent for the Refinitiv ESG (environmental, social, and corporate governance) universe, only 8 per cent of Indian firms have a policy on ESG-related executive compensation, much lower than the broader universe (25 per cent).

These findings are part of a new study on ESG, which compares disclosures of 160 Indian... Read more..

Source: Business Standard
Subject Tags: ESG, India

Ensure compliance of NGT directives: Manoj Parida

UT adviser Manoj Parida has directed the municipal corporation, engineering department, Chandigarh Pollution Control Committee (CPCC), environment department and others to submit an action taken report on the directives of National Green Tribunal that monitors solid waste management, bio-medical and e-waste management, polythene ban and air pollution. Sources said Parida had... Read more..
Source: The Times of India

Trump backs revoking tariff exemption for some solar panel imports

U.S. President Donald Trump on Saturday signed a proclamation underscoring his support for revoking an exclusion from tariffs on some imported double-sided solar panels, and for raising the planned tariff rate to 18 per cent for 2021 from 15 per cent.

Trump said the domestic U.S. industry was starting to increase production and market share of certain solar modules after he imposed tariffs on imports in January 2018, but further steps were needed.

Bifacial panels should not be excluded from the tariffs, Trump... Read more..

Source: The Economic Times

Coimbatore Corporation plans to open more MCCs to strengthen solid waste management

Coimbatore Corporation will soon commission five more micro compost centres (MCCs) to strengthen solid waste management in the city.

The Corporation, as per Commissioner P. Kumaravel Pandian’s instruction, will start using the compost centres in Kavundampalayam dump yard, MGR wholesale vegetable market, Bharathi Park Road and two more to take the total number of compost centres in use to eight.... Read more..

Source: The Hindu

Trial run of India's first hydrogen fuel cell car successfully conducted by CSIR, KPIT

The Council of Scientific and Industrial Research (CSIR) and KPIT successfully ran trials of India’s first Hydrogen Fuel Cell (HFC) prototype car running on an indigenously developed fuel cell stack at CSIR-National Chemical... Read more..

Source: Live Mint