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Sustainability Outlook Headlines

UN fund removes veto power over climate projects

Governments will be unable to unilaterally veto internationally-funded climate projects, after a deal was struck on Green Climate Fund rules that had hampered progress for years. Following intense backroom negotiations, the UN flagship climate fund’s board agreed at 3am on a voting system to deploy when consensus fails. A year after a public boardroom meltdown, the move signals stronger collaboration between rich and poor country representatives, as they seek a fresh injection of funds. “This was a huge trust... Read more..

Source: Climate Home News

Uk-India Week: Uk Development Sector Backs India As The Global Home For Impact Investing

India’s emergence as a dynamic hub for social enterprise and entrepreneurialism shows it is the best place in the world for impact investing, leading figures in business, government and philanthropy have said, as they gathered for the UK-India Week Social Impact Forum hosted by the British Asian Trust. The impact investing sector in India attracted over $5.2 billion between 2010 and 2016, with over $1.1 billion invested in 2016 alone. Indian society and economics have undergone enormous change since the 1990s... Read more..

Source: Asian World

Suntuity Group announces foray into Indian renewable energy market

US-based solar solutions provider Suntuity Group Tuesday announced its foray into the Indian renewable energy sector with the commissioning of its maiden project in Maharashtra. "The company, part of Suntuity Group, is proud to announce its maiden roof-top project. This 103-kW (kilowatt) rooftop solar project is at an educational institution in South Mumbai. The project marks the foray of Suntuity Group in India," Suntuity Renewable Energy India said in a statement. The company said Vikram Solar has... Read more..

Source: Energy World - Economic Times

Deforestation plus climate change equals dead end for wildlife

Climate change combined with galloping tropical deforestation is cutting off wildlife from life-saving cooler climes, heightening the risk of extinction, researchers said Monday. Less than two-fifths of forests across Latin America, Asia and Africa currently allow for animals and plants to avoid potentially intolerable increases in temperature, they reported in the journal Nature Climate Change. "The loss of tropical forests between 2000 and 2012 led to an area larger than India losing the capacity to protect... Read more..

Source: The Tribune

Strategic partnering for Climate and Clean Air

India has formally joined the Climate and Clean Air Coalition (CCAC), becoming the 65th country to join the partnership, following through on a commitment made by the country’s Minister for Environment, Forest and Climate Change, Prakash Javadekar. The announcement underlines India’s commitment to combat air pollution with a solutions-oriented approach. India plans to work with the CCA countries on best practices and experiences for the effective implementation of India’s National Clean Air Programme (NCAP).... Read more..

Source: Gulf Today

States seek help to make power plants meet emission norms

State governments have asked the Centre for money for equipment to help power plants meet new emission norms. States have an installed capacity of 72.85 GW, which would require equipment worth at least Rs 36,000 crore, but state utilities are financially unviable because of inefficiency, power theft, technical losses and failure to get payments from all customers. At a meeting with the Union power minister, representatives of states said that old plants need to upgrade or shut down. This follows a Supreme... Read more..

Source: Energy World - Economic Times

India To Promote Solar Cell, Battery Manufacturing With Tax Incentives

The Indian government is planning to give another try at promoting the manufacturing of solar cells in the country. The Indian finance minister announced some important measures to attract investment into this and other energy-related sectors. Indian finance minister Nirmala Sitharaman, in her budget speech for financial year 2019-20, announced yet another incentive for the promotion of solar cell manufacturing in the country. The minister proposed that her government shall offer tax incentives to companies... Read more..

Source: Clean Technica

Govt targeting 6-7 million sales of hybrid, EVs by 2020

The Government has a target to achieve 6-7 million sales of hybrid and electric vehicles by 2020 under the National Electric Mobility Mission Plan (NEMMP), Parliament was informed Monday. The plan has been designed to enhance national fuel security, to provide affordable and environment-friendly transportation and to enable the Indian automotive industry achieve global manufacturing leadership. “Under the NEMMP 2020, there is an ambitious target to achieve 6-7 million sales of hybrid and electric vehicles by... Read more..

Source: The Pioneer

Budget 2019: Solar power’s budgetary allocation rises by a mere 1.1 per cent

The union budget for 2019-20 has provided for a budgetary allocation of Rs 3,004 crore for solar power sector, including both grid-interactive and off-grid projects, a mere 1.1 per cent increase over Rs 2,969 crore provided in the Revised Estimate for last financial year (2018-19). This is in stark contrast to the 57 per cent jump in budgetary allocation for solar power projects seen in the revised estimate of 2018-19 compared to actual figures (Rs 1,889 crore) for 2017-18. The budgeted expenditure for the... Read more..

Source: Energy World - Economic Times

Ujjivan SFB inks pact with Green Shuttle for EV financing

Ujjivan Small Finance Bank has inked a Memorandum of Understanding (MoU) with Green Shuttle Technology Pvt Ltd for financing electric three-wheelers. Established in Chakan (Pune) last year, Green Shuttle Technology is an ARAI-(Automotive Research Association of India) certified manufacturer of electric vehicles such as E-Garbage Vehicle, E-Rickshaw, E-Cart, E-Mini Flat Loader and E-Scooter. “This partnership is aimed at benefiting all the passenger and cargo delivery segments of Green Shuttle Electric... Read more..

Source: The Hindu - Business Line

Economic Survey Pitches For USD 330 Billion Investment in Renewable Energy

The Economic Survey 2018-19 tabled in Parliament has pitched for fresh investments to the tune of a massive USD 330 billion in the renewable energy sector over the next decade through 2030. This comes a day before the Modi government presents the Union budget for 2019-20. The Survey said that “Broad estimates suggest that additional investment in renewable plants for up to the year 2022 (without transmission lines) would be about $80 billion at today’s prices and an investment of around USD 250 billion would... Read more..

Source: Steel Guru

One Climate Crisis Disaster Occurs Every Week, U.N. Official Warns

Top United Nations official has issued a stark warning regarding climate change, pointing out that “lower-impact” climate crisis disasters capable of causing death, displacement and suffering now occur at a rate of about one a week. Speaking with the Guardian’s Fiona Harvey, Mami Mizutori, the U.N. secretary-general’s special representative on disaster risk reduction, says these smaller-scale events—including intense heatwaves, storms and flooding—are often overshadowed by catastrophic disasters like India’s... Read more..

Source: Simthsonian Mag

India to consider communal cooling hub potential

Project launched on World Refrigeration Day will bring together academics and researchers from the UK and India to rethink how multiple cooling needs are met in rural communities Community ‘cooling hubs’ that would address a range of needs, such as protecting food supplies, students and medicines from high temperatures, are to be trialled in India as part of a collaboration with clean cold academics. The University of Birmingham is using an ongoing partnership with the National Centre for Cold-chain... Read more..

Source: RACplus

Budget announcements to promote Make in India initiatives, MSMEs: DPIIT

The budget announcements made by the government would help promote Make in India initiatives, MSMEs and budding entrepreneurs, a top official said. Secretary in the Department for Promotion of Industry and Internal Trade Ramesh Abhishek said the proposals announced for further liberalsing foreign direct investment (FDI) norms would help attract overseas capital. "The Budget has laid down a comprehensive roadmap to boost economic activities and promote (micro, small and medium enterprises) MSMEs, make in india... Read more..

Source: Business Standard

Fuel price hike aimed to boost public transport:Nirmala

As petrol and diesel price hike became effective Saturday onwards, leading to protests in some pockets, Finance Minister Nirmala Sitharaman said that the move to raise prices of transport fuel was aimed at inculcating a habit in people to use public transport. "If I am investing in better metros, better transport and also in the future of public transport, I would expect there would be a behavioural shift towards more public transport usage rather than insisting on having your own car and a single passenger... Read more..

Source: Daily Hunt

Indian Renewable Energy Companies Continue To Face Financial Challenges

Financial and project implementation troubles for Indian renewable energy developers do not seem to cease, with little to no solutions to the existing challenges and new ones coming up frequently. We recently covered a story about several solar power developers who were awaiting payments for the energy their power plants generated over the last few months in the state of Telangana. As many as 200 solar power project developers await payments of US$300 million for energy generated since July 2018. These... Read more..

Source: Clean Technica

IFC Partners with Levi Strauss and Co. to Reduce Emissions, Water Use in Textile Factories

IFC, a member of the World Bank Group, and Levi Strauss & Co. (LS&Co.), one of the world’s leading brand name apparel companies, signed a cooperation agreement that will help LS&Co. meet its corporate sustainability objectives to reduce greenhouse gas emissions and water use in its supply chain. IFC will work with 42 designated LS&Co. suppliers and mills in 10 countries to identify and implement appropriate renewable energy and water-saving interventions that will reduce greenhouse gas... Read more..

Source: Ethical Marketing News

Srinagar gets first fleet of 20 electric buses, to be launched today

Aiming to reduce pollution level, the Srinagar city has got a fleet of 20 electric buses, to be launched for public service on Monday, July 8. The Jammu and Kashmir State Road Transport Corporation (JKSRTC) had purchased 40 electric buses under the Faster Adoption and Manufacturing Hybrid and Electric (FAME) Vehicles scheme of the Central Government. Under this scheme, both Jammu and Srinagar get 20 buses each, including charging points. However, due to the difficulties in transportation of these buses on the... Read more..

Source: Tribune India

Budget 2019: Boost for EVs evokes mixed reactions from auto industry

Home-grown carmakers have lauded the government’s resolve to promote electric-driven mobility, even as the local arms of global firms rued that the fiscal incentives in the Budget leave out other clean vehicle technology options. “As an industry, we could not have asked for more. The onus is now on us to make it work,” said Pawan Goenka, managing director, Mahindra & Mahindra, on the measures announced in the Budget to promote electric vehicles (EVs). Shailesh Chandra, president–electric mobility business... Read more..

Source: Business Standard

Tirupati international airport will run on solar energy now

Tirupati airport has gone solar. It has now joined the list of airports powered by solar energy. Vijayawada airport is the only other airport in the state to have solar energy facility. The Airports Authority of India (AAI) on Thursday inaugurated one megawatt power solar plant at Tirupati international airport. The power plant was installed by Fourth Partner Energy. S Sreekumar, regional executive director, AAI, turned on the plant. He said, “our aim is to ensure that Tirupati, along with all airports across... Read more..

Source: Energy World - Economic Times

Solar scheme to assure Rs 1 lakh income for farmers

The central government will launch a solar scheme for farmers that will ensure a minimum annual income of Rs 1 lakh. Power Minister R.K. Singh on Thursday informed the Lok Sabha during Question Hour that farmers can use their land to install solar panels and the power generated will be bought by the government. The farmers who don't have the capital can lease the land to developers to set up the solar panels. If given to the developers, the farmer will get at least 30-35 paise per unit to ensure an annual... Read more..

Source: Energy World - Economic Times

Govt mulling ban on petrol, CNG two- and three-wheelers: Gadkari

The government is mulling a ban on all petrol and CNG-operated two and three wheelers by 2025 to promote electric vehicles. “NITI Aayog, in its meeting held on May 14, 2019 regarding national mission for transformative mobility and battery storage has formulated an action plan to run electric two-wheeler and three-wheeler vehicles and has proposed to ban all IC (internal combustion) engine powered two-wheelers and three-wheelers in India starting in 2025 for two-wheelers and in 2023 for three-wheelers,” road... Read more..

Source: energy World - Economic Times

India will need $250 bn in green energy funds from 2023 to 2030

India’s emerging green economy will require additional investments of around $80 billion till 2022, growing more than threefold to $250 billion during 2023-30, said the Economic Survey 2019, which was presented in Parliament on Thursday. The investment estimates, which have been made at current prices, come at a time when India has become one of the top renewable producers globally with ambitious capacity expansion plans. The country has an installed renewable energy capacity of about 80 gigawatts (GW) and is... Read more..

Source: Livemint

Budget 2019 likely to drive-in enhanced sops for EV manufacturing

Electric vehicle manufacturing is likely to get a boost from the full Budget 2019-20. According to highly-placed sources, tax incentives and other sops might be given to the industry for manufacture of EVs in the Budget 2019-20 which will be presented to the Parliament on Friday. In 2015, the Faster Adoption and Manufacturing of Electric vehicles (FAME) scheme was launched with an outlay of Rs 795 crore. The initial outlay was for a period of two years, commencing from April 1, 2015, but was extended up to... Read more..

Source: Energy World - Economic Times

Energy Poverty More Pervasive in India Than Income Poverty: Economic Survey

The Economic Survey 2018-19 on Thursday highlighted two important facts — that India’s energy consumption is low and needs to be increased to achieve higher developmental standards, and that while the country’s shift towards renewable energy is laudable, there’s more to be done. Misplaced Focus on Increasing Energy Usage The survey lays strong emphasis on increasing the overall energy usage in the country. “Energy poverty has been more pervasive in India than income poverty,” the survey stated, adding that if... Read more..

Source: News 18