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Sustainability Outlook Headlines

Indo-Israeli JV IOC Phinergy Pvt Ltd to boost India's e-Mobility aspirations

Today, Shri Dharmendra Pradhan, Minister of Petroleum and Natural Gas & Steel, along with Minister of Energy, Israel, Dr. Yuval Steinitz , witnessed the launching of a Joint Venture (IOC Phinergy Private Limited) between Indian Oil Corporation Limited (Indian Oil) and Phinergy, an Israeli start-up company specializing in hybrid lithium-ion and aluminium-air/zinc-air battery systems. Based on domestically available aluminum, the joint venture plans to manufacture Aluminum-Air systems in India. Under this... Read more..

Source: PIB

Italy joins International Solar Alliance

Italy on Wednesday joined International Solar Alliance (ISA) upgrading its partnership with India in a year that coincided with G-20 Presidency and co-presidency of COP26 under Italy. Ambassador of Italy to India, Vincenzo de Luca, signed the Italian membership to the International Solar Alliance (ISA). The ISA, whose Secretariat is based in Delhi, was launched in Paris in 2015 by Prime Minister Modi on the occasion of the UN Climate Change Conference COP21 with the aim of creating a forum for the development... Read more..

Source: The Economic Times

Artificial photosynthesis to provide solutions for carbon capture and conversion

Scientists have found a method to mimic nature’s own process of reducing carbon dioxide in the atmosphere, namely photosynthesis, to capture excess carbon dioxide in the atmosphere. This artificial photosynthesis (AP) harnesses solar energy and converts the captured carbon dioxide to carbon monoxide (CO), which can be used as a fuel for internal combustion engines. In artificial photosynthesis (AP), scientists are essentially conducting the same fundamental process in natural photosynthesis but with simpler... Read more..

Source: PIB

New multifunctional heat sinks can dissipate heat from mechanical devices more efficiently

Indian Scientists have developed a multifunctional heat sink enabled by 3D printing, which can dissipate heat from mechanical devices at 50 percent enhanced rate compared to conventional sinks. Existing approaches for heat exchanging and heat sink achieve different functions using dedicated units. In the new technology, multiple functions have been integrated together in a single unit. It can also be used to develop heat pipes, vapour chambers, heat exchangers and noise reducing heat sinks. The technology... Read more..

Source: PIB

New Type of Bond Cuts Investor Bonus for Missing ESG Goals

So-called sustainability-linked bonds have been controversial because they often effectively reward investors when the issuer misses green or social performance goals. One Japanese firm is trying to change that. Nomura Research Institute Ltd. is selling such notes, but with a twist. Typically, the debt offers extra yield to investors if the borrower fails to meet ESG targets. In the case of NRI’s bonds, if it achieves its goals, the firm can redeem the debt early. That means that if NRI misses its targets,... Read more..

Source: Financial Post

Major blueprint to create green jobs and slash emissions from industry, schools and hospitals

An ambitious blueprint to deliver the world’s first low-carbon industrial sector and over £1 billion to cut emissions from industry, schools and hospitals has been announced by the Business and Energy Secretary today (Wednesday 17 March). Building on the Prime Minister’s 10 Point Plan for a Green Industrial Revolution published last year, the new Industrial Decarbonisation Strategy sets out the government’s vision for building a competitive, greener future for the manufacturing and construction sector. Part... Read more..

Source: GOV.UK

Apple’s $4.7 billion Green Bond spend is helping to create 1.2 gigawatts of clean power

Apple’s newly completed renewable projects, part of the company’s planned $4.7 billion Green Bond spend, are bringing clean energy to local communities while reducing carbon emissions. In 2020, Apple funded 17 Green Bond projects that will avoid an average of 921,000 metric tons of carbon emissions annually, which is equivalent to removing nearly 200,000 cars from the road. The projects will generate 1.2 gigawatts of renewable energy globally, with Apple adding over 350 megawatts of newly installed renewable... Read more..

Source: Apple

India achieves 92.97 GW of renewable energy capacity in Feb this year

India has achieved 92.97 GW of renewable energy (RE) capacity till February this year, while 50.15 GW is under various stages of implementation, Parliament was informed on Tuesday. India has set an ambitious target of achieving 175 GW of installed RE capacity (excluding large hydropower) by 2022.

"So far, 92.97 GW of cumulative installed RE capacity has been achieved as on February 2021. Further, projects of 50.15 GW capacity are under various stages of implementation and 27.02 GW are under various stages of bidding," Power and New & Renewable Energy Minister R K Singh said in... Read more..

Source: MNRE

Climate finance still not on table for developing countries: Javadekar

New Delhi: Climate finance of USD 100 billion a year and green technologies for mitigation actions promised in 2009 under the Paris agreement are still "not on the table" for developing countries, Environment Minister Prakash Javadekar said in Parliament on Monday. At the 15th Conference of Parties (COP15) of the United Nations Framework Convention on Climate Change (UNFCCC) in 2009, developed countries had committed to mobilising jointly USD 100 billion a year in climate finance by 2020 to address the needs of developing countries. This commitment has, since then, been a key element of... Read more..

Source: Economic Times

Chhattisgarh’s health ministry pledges to achieve net-zero carbon emissions by 2050

Chhattisgarh’s health minister on Tuesday said their department has committed to achieve net-zero carbon emissions by 2050. With this, it becomes the first Indian health system to endorse UNFCCC’s Race to Zero Campaign.

“Chhattisgarh is the first state in India to commit to the health sector’s role to take steps to counter impacts of climate change and become net zero in accordance with the Race to Zero campaign,’’ said T S Singh Deo, health minister, Chhattisgarh in a press release.

He added that the state has developed a plan to tackle the health impacts of climate change... Read more..

Source: Energy Infrapost

Solar powered EV charging station developed at IISc

Bengaluru: A solar photovoltaic powered electric vehicle (EV) charging station has been developed at the Indian Institute of Science (IISc) in this tech city, an official said on Tuesday.

"The zero-emission EV charging station powered by solar cells has been designed and developed at our sustainable transportation lab by the UK-based Greenencho Ltd under the Innovating for Clean Air (IfCA) programme of the Energy System Catapult, UK," the official said in a statement.

The custom-made off-grid system comprises a solar photovoltaic (PV) module, hybrid inverter, battery... Read more..

Source: Economic Times

Hindustan Unilever and HSBC India join hands to impact 12,000 individuals and save 21 million litres of water via its Suvidha Centers in Mumbai

Rapid urbanisation and the breakneck expansion of cities are turning out to be the biggest challenge for every big and growing city in the world. One of the major challenges faced by cities like Mumbai is providing the ever-growing population with amenities such as clean drinking water and access to proper hygiene and sanitation facilities. With the onset of the pandemic, it has become more critical than ever to provide hygiene and sanitation solutions to low-income urban households and especially to communities residing in congested arrangements.
A step in the right direction is... Read more..

Source: India Times

Cabinet approves closure of Handicrafts and Handlooms Export Corporation of India Limited

The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved the closure of Handicrafts and Handlooms Export Corporation of India Limited (HHEC), the Corporation, a Government of India undertaking under the administrative control of the Ministry of Textiles.

There are 59 permanent employees and 6 Management Trainees serving in the Corporation. All the permanent employees and Management Trainees will be given an opportunity to avail the benefit of a Voluntary Retirement Scheme (VRS) as per norms laid down by the Department of Public Enterprises.

The... Read more..

Source: PIB

CESL issues first-of-its-kind tender, seeks private participation for rural LED scheme

Convergence Energy Services Limited (CESL), a wholly-owned subsidiary of Energy Efficiency Services Limited, has issued a first-of-its-kind tender to procure 1 crore LED bulbs for its Gram Ujala program. Through this tender CESL intends to invite the participation of bidders for co-investment on a revenue-sharing basis. Under the Gram Ujala program, CESL will distribute high-quality LED bulbs, at an affordable cost in rural areas.

Explaining the tender Ms. Mahua Acharya, MD & CEO of CESL, said, “The objective is to involve private companies in the delivery of climate change... Read more..

Source: BWS Mart Cities

S&P Global Endorses Say on Climate, Will Bring Climate Plans to Shareholder Vote

Leading credit ratings, benchmarks and analytics provider S&P Global announced today its endorsement of the Say on Climate campaign, aimed at improving the transparency and accountability of company climate initiatives.

The Say on Climate campaign seeks to implement sustainable business practices around the globe by advocating for corporate climate action plans. The campaign is sponsored by The Children’s Investment Fund Management (TCI) and The Children’s Investment Fund Foundation (UK). By committing to the initiative’s principles, organizations agree to climate transparency... Read more..

Source: ESG Today

SEC’s Lee: “Climate and ESG are Front and Center,” Solicits Public Comments on Climate Disclosure Policy

In light of demand for climate change information and questions about whether current disclosures adequately inform investors, public input is requested from investors, registrants, and other market participants on climate change disclosure.

The Securities and Exchange Commission (SEC or Commission) has periodically evaluated its regulation of climate change disclosures within the context of its integrated disclosure system. In 2010, the Commission issued an interpretive release that provided guidance to issuers as to how existing disclosure requirements apply to climate change... Read more..

Source: SEC Gov

Delhi govt calls on corporates to promote EV policy

New Delhi: Delhi Transport Minister Kailash Gahlot, who is leading the 'Switch Delhi' campaign since last two months, on Sunday invited the corporate sector to raise awareness and promote electiric vehicle policy in the national capital.

"The Delhi government aims to further capitalise on the positive response received from several sections and now we will involve corporates to be a part of the campaign. I appeal to this segment to switch to EV cabs to facilitate the travel of their employees," Gahlot said.

Stressing on the need to include Delhi's corporates in the 'Switch... Read more..

Source: Economic Times

Adani Renewables bids Rs 2.77 for wind projects

Adani Renewable Energy on Monday placed the lowest bid of ₹2.77 per unit at an auction conducted by state-run Solar Energy Corp. of India Ltd (SECI) for setting up and supplying 1.2-gigawatt (GW) wind power capacity, two people aware of the matter said.

The second lowest bid of ₹2.78 per unit was placed by CDC Group Plc-backed Ayana Renewable Power, Evergreen Power and JSW Future Energy Ltd. While Adani Renewable and Ayana will get the contract to develop and supply 300 megawatt (MW) each, Evergreen and JSW Future will be awarded the contract for 150 MW and 450 MW capacity,... Read more..

Source: Live Mint

Ajay Mathur takes over as Director General of International Solar Alliance

New Delhi: Ajay Mathur on Monday assumed office as the Director General of the International Solar Alliance (ISA). On February 15, the Special Assembly of the ISA elected Mathur as the Director General. The appointment is for four years which can be renewed for an additional term.

"Dr Ajay Mathur has assumed office, today, as Director General of the International Solar Alliance," it said in a statement.

He replaced Upendra Tripathy, who completed his term on Sunday. Tripathy served as the Director General since 2017.

India had proposed Mathur's candidature which was... Read more..

Source: Economic Times

ReNew Power becomes world’s first clean energy firm to enter WEF’s Global Lighthouse Network

NEW DELHI--(BUSINESS WIRE)--ReNew Power (“ReNew” or “the Company”), India’s leading renewable energy company, today announced that it has been named to the World Economic Forum’s (WEF) Global Lighthouse Network, which recognizes companies using new technologies to achieve environmentally sustainable, community supportive, profitable growth. In announcing ReNew’s appointment, the WEF specifically noted the Company’s recent investments in digital analytics and machine learning to increase the power yield, and decrease the downtime, of its solar and wind generation assets, as factors in its... Read more..

Source: Business Wire

The World Business Council for Sustainable Development (WBCSD) has today launched an SDG Sector Roadmap for the electric utilities sector.

Geneva, 15 March 2021: The World Business Council for Sustainable Development (WBCSD) has today launched an SDG Sector Roadmap for the electric utilities sector.

Over the past 18 months, WBCSD has convened 11 of the world’s leading electric utility companies to explore, articulate and set a course to realizing the unique potential of this sector to leverage its unique influence and innovation to contribute to the SDG agenda.

The new SDG Roadmap for Electric Utilities provides utility business leaders worldwide with a flagship guide to driving transformative change. It... Read more..

Source: WBCSD

Coal-backing Japanese bank bids for Green Climate Fund partnership

This week’s Green Climate Fund (GCF) board meeting is set for a showdown over whether to partner with a coal-backing Japanese bank.

Campaigners said accrediting the Sumitomo Mitsui Banking Corporation (SMBC) to the UN’s official climate finance body would send the wrong message, as the bank continues to fund coal-fired power stations.

Lidy Nacpil, co-ordinator from the Asian Peoples’ Movement on Debt and Development (APMDD), said: “The best way that SMBC can help address climate change is for it to simply stop financing fossil fuels.”

In August 2020, when SMBC last... Read more..

Source: Climate Change News

Shipping industry backs $5bn decarbonisation moon-shot

The plan has been submitted by governments from Georgia, Greece, Japan, Liberia, Malta, Nigeria, Palau, Singapore, Switzerland, who all heavily rely on the shipping sector. It would aim to accelerate the complete decarbonisation of the sector by deploying zero-carbon ships within the next decade.

It has been submitted to the UN International Maritime Organization (IMO) and would see the creation of a $5bn research fund by placing a $2 (£1.40) levy per tonne of fuel used.

The so-called moonshot has been supported by the International Chamber of Shipping (ICS), which represents... Read more..

Source: EDIE

Power Minister Shri RK Singh Launches AmritMahotsav in Power and Energy Sector by initiating Energy Efficiency Enterprise (E3) Certifications programme for bricksector

Shri RK Singh, Minister of State (I/C) for Power and New & Renewable Energy and Minister of State for Skill Development &Entrepreneurship, launches "Energy Efficiency Enterprise (E3) Certifications Programme for Brick manufacturing Sector" in order to kick-start a series of events from Ministry of Power, Government of India under 'AzadiKaAmritMahotsav'.

On this occasion, Shri R K Singh appreciated... Read more..

Source: PIB

Government committed to promoting renewable energy, especially in MSME Sector: Gadkari

Union Minister for Road Transport and Highways and Micro, Small and Medium Enterprises, Shri Nitin Gadkari this evening addressed a webinar on “Atmanirbhar Bharat” – “Opportunities in Solar & MSME”. The webinar was organised by Indian People’s Forum in the United Arab Emirates.

In his address, Shri Nitin Gadkari said “the Government is committed to promote renewable energy resources in the country,... Read more..

Source: PIB
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