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Sustainability Outlook Headlines

Picking Up The Pace – India Inc. Accelerates The Electric Mobility Transition

Electric mobility has attracted the attention of Indian leaders, policy makers and vehicle manufacturers as an opportunity to accelerate a low-carbon transition for transport in the country. Electric powered vehicles got another push from the recent Union budget of India, which announced a slew of incentives to make them more affordable - tax rebates of up to ₹1.5 lakh (US$ 2,188) on interest paid on loans to buy electric vehicles (EVs), duty exemptions on lithium ion batteries, and lower Goods and Services Tax rates from the current 12 percent to 5 percent.

This is in addition to... Read more..

Source: The Climate Group

Tamil Nadu unveils a bold Electric Vehicles policy; to run 500 EV buses by 2019-20 end

Rolling out a slew of measures to push the idea of Electric Vehicles (EV) in the state, Tamil Nadu Chief Minister Edappadi K Palaniswami has released the EV policy intending to attract Rs 50,000 crore worth of investments and create 1.5 lakh new jobs. While building a favourable ecosystem for EVs is the biggest challenge before the state, some 32 state transport bus depots will get charging infrastructure within the next six months as the state is expecting over 500 electric buses for public transportation. Recently, an electric bus has been already launched by CM Palaniswami as a pilot... Read more..

Source: Indian Express

UP energy regulator slashes solar tariffs, approves bidding for 550 mw

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has slashed solar power tariffs to a record low of nearly Rs 3 per unit, as it cleared competitive bidding for procurement of 550 megawatt (mw) by state utilities. The approved tariffs range from Rs 3.02 per unit to Rs 3.08 per unit, which ranks among the lowest power procurement price approved by the energy regulator for solar projects. The order was passed by the regulator on a petition filed jointly by UP Power Corporation Limited (UPPCL), UP New and Renewable Energy Development Agency (UPNEDA) and Noida Power Company Limited (... Read more..

Source: Business Standard

UNCTAD Report Public Banks are Best for Sustainable Development

UNCTAD Report Public banking should be given back its traditional, bigger role if the environmental and economic landscape is to be transformed by 2030, argues UNCTAD’s Trade and Development Report 2019 released on September 27, 2019. Efforts to leverage private finance by channelling public money through global banking giants or shadow banking will more likely introduce new costs and vulnerabilities than finance investments in cleaner and greener energy, jobs and development. The report calls for banking to change its game, rejecting today’s financialized markets, which have consistently... Read more..

Source: ABC Live

Deposit plastic bags, bottles at metro stations, get a jute bag

Noida Metro Rail Corporation (NMRC) will soon let passengers deposit plastic bags and bottles into disposal machines at metro stations and get jute bags for free. The metro stations will also install disposal machines or kiosks where one can put the bottles, which will then be crushed into tablets. These tablets or granules will further be recycled and used for various purposes such as making roads. Officials said that people will also get shopping coupons for putting more number of bottles in the kiosk. “This is an initiative to ensure that maximum plastic waste is recycled. We hope to... Read more..

Source: Times of India

Virgin Hyperloop One claims to offer most energy-efficient system for mass transportation

Transport tech firm Virgin Hyperloop One (VHO) on Friday said Hyperloop system is poised to be the most energy-efficient mode of mass transportation globally. The Los Angeles-based Virgin Hyperloop, in conjunction with Climate Week NYC made its announcement from Rockefeller Plaza at Rockefeller Center in New York City, where it is showcasing its XP-1 test vehicle from its Nevada test track, as per a statement released here. Hyperloop is an ultramodern, superfast transport project planned to be implemented to link Mumbai and Pune, which are located around 200 km apart. The Maharashtra... Read more..

Source: Energy World - Economic Times

Participation in PM-KUSUM tenders a challenge for distributed RE start-ups: Report

Early stage start-ups operating in the Distributed Renewable Energy (DRE) space are facing a challenge in participation in tenders floated under the ambitious KUSUM scheme, according to a report based on a survey by CLEAN, a Delhi-based non-government organisation (NGO). The Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) Scheme was launched in 2018 by the Ministry of New and Renewable Energy (MNRE) to support installation of off-grid solar pumps in rural areas and reduce dependence on grid, in grid-connected areas. With the overall goal of making the farmers... Read more..

Source: Energy World - Economic Times

Tata Power bags 105 MW floating solar power project in Kerala

Tata Power Solar has won the bid for 105 MW floating solar energy project in Kerala. The project will be executed on a reservoir of NTPC at Kayamkulam in Alappuzha district of the state, and will be commissioned not later than 21 months, a company statement said. "Floating Solar has immense potential in our country and we will ensure that this project will act as a benchmark for floating solar project," Ashish Khanna, MD & CEO, Tata Power Solar and President, Tata Power (Renewables) said. Tata Power Solar, with 29 years of expertise, is one of the pioneering solar manufacturers in the... Read more..

Source: Energy World - Economic Times

Nagpur: Use rainwater harvesting, solar energy and get tax discounts

In a praiseworthy move, the Nagpur Municipal Corporation (NMC) has announced tax deductions in order to encourage citizens to implement rainwater harvesting and use solar energy in their areas. This step has been taken as a precautionary measure against future water scarcity. Now, citizens who shall install rain water harvesting systems and use solar energy on their own homes will be get concessions in property taxes. “If citizens implement environmental safeguards like rain water harvesting, solar power system, use vermicompost etc, they can get tax deduction of 5 to 10 % in their... Read more..

Source: Energy World - Economic Times

Gujarat: Vadodara leads in solar rooftop power applications

Barodians are becoming quick to embrace renewable energy. State energy minister, Saurabh Patel revealed on Thursday that Vadodara tops the list of cities in Gujarat that have registered for the rooftop solar installations recently re-launched by the Gujarat government. Since September 10 when the scheme took off, 1,845 citizens have registered with the Madhya Gujarat Vij Nigam Ltd (MGVCL). “Vadodara tops the list of cities in registrations for rooftop solar installations. I am glad that Barodians are the most aware citizens of Gujarat when it comes to using renewable energy as they have... Read more..

Source: Energy World - Economic Times

HUDD, BDA collaborate with Gesellschaft fur Internationale Zusammenarbeit GmbH for Low Carbon Mobility Plan for Bhubaneswar

Bhubaneswar is rapidly developing - with a decadal growth rate of 29.4 per cent as per the 2011 Census. This growth has brought in its wake an increasing dependence on private vehicles (especially two-wheelers), mounting congestion and road crash affecting pedestrians. The statistics from Bhubaneswar's transport sector indicate that more than 80 per cent of users depends upon private vehicles for commuting. The total number of registered vehicles in the city, which was pegged at 14 lakhs by the Regional Transport Office in 2019, exceeds its total population (estimated ten lakhs in 2019).... Read more..

Source: ANI News

PFS signs MoU with MDI Gurgaon for green energy projects

PTC India Financial Services (PFS), an infrastructure finance company, has signed a memorandum of understanding (MoU) with Management Development Institute (MDI) Gurgaon. Both for them have collaborated to work in the areas of infrastructure, especially sustainable infrastructure financing. The areas identified for work are renewable energy, transmission, generation and distribution of energy, climate protection financing, and energy efficiency. Pawan Singh, managing director and chief executive officer, PFS said, “This MoU aims to augment capacities of the various factors involved in... Read more..

Source: Energy World - Economic Times

Fortum plans to set 300 MW solar power units in India per year

Fortum India, a unit of the €5-billion Finland-based Fortum Oyj, plans to set up 300 MW of solar power capacity each year in India for the next five years, taking its total installed capacity to over 2,100 MW. The investment will be about ₹1,300 crore per year, totalling investments of ₹6,500 crore in the next five years. Sanjay Aggarwal, MD, Fortum India Pvt. Ltd. said, “We are planning to add 300 MW of solar capacity in India every year. India is the hub for Fortum’s solar expansion. We have an installed capacity of around 700 MW in solar.” The company has its parent’s approval for... Read more..

Source: The Hindu

Tata AIA Life Insurance goes from protecting people’s future to protecting the environment too

Addressing environmental concerns stemming from global warming, Tata AIA Life Insurance has taken concrete steps to combat it through a new initiative called Rakshakaran Hero. This aligns with Tata AIA Life Insurance philosophy of ‘protection’ that secures people’s future. Extending the same philosophy to the environment, is this new initiative, that promises to protect the planet’s collective future. Tata AIA Life Insurance has pledged to plant a sapling in the name of the policy-holder for every Term policy that is bought. These saplings will be planted in designated regions across India... Read more..

Source: India Education Diary

Govt to ease land acquisition, finance for renewables to meet 450 GW target

The Ministry of New and Renewable Energy has started drafting plans to set up mega capacities and ease investment in renewables to meet the new target set by Prime Minister (PM) Narendra Modi. At the United Nations Climate Action Summit in New York on Monday, Modi vowed to double India’s renewable energy target to 450 gigawatt (GW) by 2030. This comes at a time when commissioning of projects has slowed and states are raising red flags. In 2019-20, of the 3 GW target for wind power, 1.1 GW has been commissioned. For solar, 2.1 GW has been commissioned out of 7.5 GW target. Slow project... Read more..

Source: Business Standard

Javadekar: India has met 50% of renewable energy targets

Following Prime Minister Narendra Modi’s announcement of scaling up clean energy capacity, Union environment minister Prakash Javadekar on Wednesday stated that the country has already met around 50% of its 2022 targets. Speaking at the India Climate Leaders’ Dialogue here, the minister said that the country has achieved what was initially thought to be “impossible”. “We have already installed 80 gigawatt (GW) out of the 175GW target of 2022, bringing us halfway through,” said Javadekar, adding that clean energy would constitute wind, biomass and solar. Further pointing out that generating... Read more..

Source: Energy - Economic Times

In New York, PM Modi urges business leaders to invest in India

Prime Minister Narendra Modi on Wednesday pitched India as a key investment and trade destination to the global business community, highlighting the country’s economic and political strengths and pledging personal intervention to address any gaps. Delivering the keynote address at the morning plenary of the Bloomberg Global Business Forum, Modi ascribed India’s growth story to the “rarest of rare” combination of four key factors – democracy, demography, demand and decisiveness. Modi said his government’s “big and tough decisions” to improve the business environment had resulted in the 1.3... Read more..

Source: Hindustan Times

PM Modi hosts Caribbean leaders, announces $14 million grant to CARICOM

Prime Minister Narendra Modi met the leaders of the Caribbean Community and Common Market (CARICOM) during the first-ever India-CARICOM leaders’ summit here, with a focus on fighting climate change and increasing India’s participation with the grouping. Mr. Modi announced a $14 million grant for community development projects in the CARICOM and another $150 million line of credit for solar, renewable energy and climate- change related projects, a statement released by the Ministry of External Affairs said. The CARICOM grouping has 15 members-states and five associate members. CARICOM... Read more..

Source: The Hindu

PM Modi announces $150 mn line of credit to group of Pacific island nations

Prime Minister Narendra Modi has announced a $150 million line of credit to the group of Pacific island nations for undertaking solar, renewable energy and climate-related projects based on their requirement. Modi, who attended the India-Pacific Islands Developing States (PSIDS) Leaders’ Meeting, also announced a total allocation of $12 million to the member states towards implementation of high impact developmental project in the area of their choice. The meeting was held in New York on Tuesday on the sidelines of the 74th session of the UN General Assembly. This is the first time he has... Read more..

Source: Indian Express

Kerala to phase out 3-wheelers by 2021 to introduce e-autos

Kerala has set April 2021 as deadline for phasing out three wheelers of 15 years off the roads, as part of the government's ambitious plan of introducing two lakh electric two wheelers and 50,000 three wheelers by 2020, said KR Jyothilal, Principal Secretary (Transport & Aviation). The State government has also commissioned a study by Pricewaterhouse Coopers for preparing a detailed project report on electric vehicle manufacturing in the State. The report is awaited in a month, he said. Jyothilal was speaking at the launch of Mahindra's electric three-wheeler range Treo and Treo Yari... Read more..

Source: The Hindu- Business Line

Waaree Energies expands module manufacturing capacity by 500 MW to 2,000 MW

Domestic solar PV module manufacturer Waaree Energies on Tuesday said it has increased its module manufacturing capacity by 500 megawatt to 2,000 MW. The demand for solar energy has seen an uptake in recent years. However, due to various policy driven and geo-political factors, the Indian solar manufacturing segment is equipped only to produce module equivalent to 3 GW or 3,000 MW. "Waaree aims to bridge this demand-supply gap and inch towards a viable indigenous ecosystem. The company has on Wednesday reached the level of 2 GW from 1.5 GW expanding its module manufacturing capacity by 500... Read more..

Source: Energy World- Economic Times

241 electric vehicles charging stations in city, suburbs for Rs 125 crore

The state government is ready with a plan of setting up 241 charging stations for electric vehicles (EVs) in Kolkata Metropolitan Area, the project cost for which has been pegged at Rs 125 crore. The authorities are making this move because of a rising fossil fuel prices and the budgetary benefits for having EVs. “TERI is working with the government of West Bengal in identifying suitable locations for public charging stations,” said A N Biswas, power department commissioner and nodal officer for the state’s EV policy, at a symposium on ‘Future Mobility: E vehicles in India’ organised by... Read more..

Source: Times of India

India Calls on Developed Countries to Increase “Scope, Scale and Speed” of Climate Finance

The Government of India released a position paper outlining India’s perspective on climate finance. The document was issued to inform stakeholder deliberations under the Climate Finance and Carbon Pricing action area of the UN Secretary-General’s Climate Action Summit on 23 September. The paper titled, ‘Climate Summit for Enhanced Action: A Financial Perspective from India,’ outlines India’s efforts in diversifying its energy supply, increasing the share of non-fossil fuel energy in the total energy mix and enhancing the use of energy conservation technologies and practices. It notes that... Read more..

Source: IISD

PM Modi launches Coalition for Disaster Resilient Infrastructure at UN Climate Summit

Prime Minister Narendra Modi on Monday announced a global Coalition for Disaster Resilient Infrastructure (CDRI), at the UN Climate Action Summit 2019 held in New York City. The partnership of national governments, UN agencies and programmes, multilateral development banks, financing mechanisms, private sector, and knowledge institutions will promote the resilience of new and existing infrastructure systems to climate and disaster risks, thereby ensuring sustainable development, he said. “What is needed today is a comprehensive approach that covers everything, including education, values... Read more..

Source: Domain-b

Industry to go low-carbon path to fight climate change: Javadekar

Indian Environment, Forest and Climate Change Minister Prakash Javadekar has said that industry has undertaken to go on the low-carbon path to fight climate change but availability of affordable technology poses a problem. Javadekar said on Monday that the UN's Industry Transition Track for tackling climate change will work with various countries to solve the problem through joint efforts and research. Those dealing with low profits on technologies for transitioning to low-carbon emissions by industries are "very much essential to bring us to low carbon path", he said. India and Sweden co-... Read more..

Source: Millennium Post