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Sustainability Outlook Headlines
States step up policy action on renewablesThe renewables sector in India, which has been expanding at a brisk pace, has seen much action in recent times, with a slew of policy announcements at both the federal and state levels. At the federal level, in order to address the lack of quality certification in solar components, the Ministry of New and Renewable Energy (MNRE) issued a draft quality control order in April for solar thermal systems as per the Bureau of Indian Standards (BIS) Act. This entails that any manufacturer selling or distributing... Read more.. |
India Fund Fest achieves Rs 25 cr investments; Solar power, EVs top attractionsThe scene at Ritz Carlton on Friday was one of excitement with finalist founders of 28 startups, selected through a rigorous filtering process out of 14,000 applications received, seeking spot funding from 12 plus investors. They were from a wide range of industries including solar energy, electric vehicles, e-commerce, technology, agriculture, animal husbandry, Ayurveda, water conservation, payment gateway etc. The selection of these startups was made by an eminent jury and through a proprietary 'Investor... Read more.. |
SECI again extends deadline for 3-GW manufacturing-linked solar tenderState-owned Solar Energy Corporation of India (SECI) Tuesday again extended bids submission deadline for manufacturing-linked 3-gigawatt (GW) solar power tender till May 31. On April 22, SECI had extended the last date of bid submission for tender till May 14. "This has reference to...RfS (request for selection) selection of solar power developers for setting up of 3 GW ISTS (inter state transmission system)-connected solar PV power plant linked setting up of 1.5 GW (per annum) solar manufacturing plant under... Read more.. |
App soon for Electric vehicle charging slotsElectric vehicle owners will soon be able to book time slots at charging stations through a mobile application that will be launched by the power ministry. Through the app, users will be able to check availability of slots at charging stations in the country and book them online, said a government official.“ The application will enable advance remote booking of charging slots by electric vehicle owners. The application will also provide information regarding location, types and number of chargers installed... Read more.. |
ReNew Power Conferred LEED Gold Certification by US Green Building CouncilReNew Power Ltd. ("ReNew Power"), India's leading renewable energy Independent Power Producer, has been conferred with the LEED Gold Certification by the US Green Buildings Council (USGBC). LEED (Leadership in Energy and Design) is one of the world's most sought after certification programmes and a globally recognized symbol for sustainable construction. Mr. Mahesh Ramanujam, President & CEO, USGBC, in his letter to Sumant Sinha, Chairman & Managing Director, ReNew Power, congratulated him on this... Read more.. |
Blueprint ready for 10 million e-mobility jobsIndia has drawn up a blueprint to create a specialised workforce to support its electric mobility mission, which is expected to generate 10 million jobs. The plan involves creating a skilled workforce with electric vehicle expertise in areas such as design and testing, battery manufacturing and management, sales, services and infrastructure. The Ministry of Skill Development and Entrepreneurship is preparing the programme to cater to the workforce demand expected from the electric mobility industry. “A... Read more.. |
Component firms buckle up for tech shiftThe auto component industry is bracing for the tectonic shift in the automobile sector from the expected exit of diesel cars and arrival of electric vehicles. Though most manufacturers have begun the process of aligning their capacities and capabilities to the emerging scenario, certain component suppliers for turbochargers and fuel injection component would be hard hit, according to industry captains and auto analysts. Three weeks ago, Maruti Suzuki, the biggest diesel car maker, announced it would stop... Read more.. |
8 firms awarded wind power projects in GujaratAs many as eight renewable energy companies on Monday bagged contracts to develop wind power projects in Gujarat, aggregating 745MW. Anisha Power Projects Private Limited bid the lowest tariff of Rs 2.80 per unit for 40MW, several people aware of the development said. Gujarat Urja Vikas Nigam Limited (GUVNL) had in March invited bids for supply of 1,000MW from wind power projects to be set up in Gujarat. The state-... Read more.. |
Global Fossil Fuel Subsidies Hit $5.2 TrillionThe world spent a staggering $4.7 trillion and $5.2 trillion on fossil fuel subsidies in 2015 and 2017, respectively, according to a new report from the International Monetary Fund. That means that in 2017 the world spent a whopping 6.5 percent of global GDP just to subsidize the consumption of fossil fuels. China was “by far, the largest subsidizer” in 2015 at $1.4 trillion, the IMF said. The U.S. came in second at $649 billion. In other words, the U.S. spent more on fossil fuel subsidies in 2015 than it did... Read more.. |
Central Teams Arrives In Odisha To Assess Damage By Cyclone FaniAn inter-ministerial Central team is in Odisha to assess the damage caused by Cyclone Fani that hit the state's coastal districts on May 3 leaving 64 dead, an official said. The nine-member team is being led by Additional Secretary in the Ministry of Home Affairs Vivek Bharadwaj. Before beginning an on-the-spot assessment of the damage by visiting the affected areas on Monday, team members will be briefed by Special Relief Commissioner BP Sethi, he said. The team, which is to be split into two groups, will... Read more.. |
APAC countries shift towards 'sustainable environment' with renewable energy auctionsAsia-Pacific countries, including Australia, are adopting several strategies and roadmaps to achieve the renewable energy target designated by their nations, according to a newly published report on the regional energy market. According to the report, from data and analytics company GlobalData, countries such as India, Kazakhstan, Indonesia, Pakistan and Taiwan have implemented auctions to drive their renewable energy market. GlobalData’s latest report — Asia Pacific Renewable Energy Policy Handbook 2019 — reveals that the regulatory framework and policies of the APAC countries are aiming... Read more.. Date : May 14 Source: IT Wire
Subject Tags: feed in tariff, Renewable Energy, renewable energy capacity addition, solar energy, Wind Energy |
Tata Power and MGL join hands to foray into e-mobility and other servicesTata Power, India’s largest integrated power utility, and city gas distribution company Mahanagar Gas Limited (MGL), have signed a Memorandum of Understanding (MoU) to foray into emerging e-mobility business, explore synergies of operation in integrated customer services and other value-added services of common interests, Tata Power said today. The MoU was signed by Sanjib Datta, Managing Director, MGL, and Praveer Sinha, CEO & Managing Director of Tata Power, in Mumbai. The MoU facilitates both the... Read more.. |
Top automakers cheer govt push for EV localization driveTop automakers have cheered the government’s recent push to localise manufacturing for hybrid and electric vehicle (xEV) under the revised norms of the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles Scheme (FAME 2). This is in sharp contrast to the several instances over the last decade where auto industry stakeholders have clashed with government agencies on multiple fronts such as dual fuel policy, roll out of CNG stations, vehicular pollution, emission norms, safety mandates, as well... Read more.. |
Ola betting big on two, three-wheelers for its electric mobility drive: OfficialExpecting rapid adoption of four-wheeler electric vehicles at a mass scale to take time, ride-hailing firm Ola is betting big on two and three-wheelers for its electric mobility drive, according to a senior company official. With lessons learnt from its experiment in Nagpur, where the company had partnered with Mahindra & Mahindra in 2017 for a multi-modal electric mass mobility project, Ola believes right now "four-wheelers are not yet ready" for such usage in India on a large scale. Therefore, the... Read more.. |
India likely to add 80 GW of renewable energy capacity in next 5 yrsIndia is expected to add about 80 gigawatts (GW) of renewable energy capacity in the next five years, according to a survey. About 47 GW will be from utility scale solar, 21 GW from wind, 8 from rooftop solar and 3 GW from floating solar projects, the survey by consultancy Bridge To India, in which 41 companies from different countries participated, said. About 73 per cent of the respondents are optimistic about the growth prospects of the Indian renewable industry, it said. Around 78 per cent the respondents... Read more.. |
Sustainability progress in fashion slowed by one-thirdThe pace of sustainability progress in fashion industry has slowed by a third in the past year, says the 2019 update of Pulse of the Fashion Industry, an annual assessment of the industry's environmental and social performance in terms of the Pulse Score. It is also not moving fast enough to counterbalance the harmful impact of the industry's rapid growth. Unless the current trend of the Pulse Score improves, fashion will continue to be a net contributor to climate change, increasing the risk that the Paris Agreement's objective of keeping global warming below 1.5 degrees celsius during... Read more.. Date : May 13 Source: Fibre 2 Fashion
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Piramal Group plans to buy operational renewable power projects of MytrahAjay Piramal-owned Piramal Group plans to buy operational renewable power projects of Mytrah Energy, making the potential acquisition the first set of assets in the newly launched private InvIT that is co-owned by the Piramal Group and Canadian pension fund CPPIB. Both partners are keen as Piramal and CPPIB know Mytrah Energy assets well and discussions are on for some time, one of two industry sources aware of the development told ET. In 2017, Piramal had provided loans worth $277 million to Mytrah through non-convertible debentures and the amount will be due in the next few years. Mytrah... Read more.. Date : May 13 Source: Energy World- Economic Times
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UN chief Guterres says world 'not on track' with climate changeUN Secretary General Antonio Guterres launched a brief South Pacific tour in New Zealand Sunday, warning the world was "not on track" to limiting global temperature rises. In a strong message for action on climate change, Guterres said international political resolve was fading and it was the small island nations that were "really in the front line" and would suffer most. His visit, ahead of the Climate Action Summit in September in New York will also take him to Fiji, Tuvalu and Vanuatu which are under threat from rising sea levels. "We are seeing everywhere a clear demonstration that we... Read more.. Date : May 13 Source: Energy World- Economic Times
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India, Vietnam to strengthen co-op in energy, defence and securityIndia and Vietnam agreed to further strengthen cooperation in defence and security, peaceful uses of atomic energy and outer space, oil and gas and renewable energy as Vice President M Venkaiah Naidu Sunday concluded his four-day visit to the Southeast Asian country. During his visit, Vice President Naidu held talks with his Vietnamese counterpart Dang Thi Ngoc Thinh, Prime Minister Nguyen Xuan Phuc and Chairperson of the National Assembly Nguyen Thi Kim Ngan. "Vice President's talks with his Vietnamese interlocutors were extensive and productive and covered whole range of bilateral and... Read more.. Date : May 13 Source: Energy World- Economic Times
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Multilateral trade: India to hold 2-day WTO ministerial meeting from todayIndia has convened a WTO (World Trade Organization) ministerial meeting of 16 developing and six least developed countries starting Monday. Issues such as impasse on the appointment of WTO's appellate body members and way forward on reforms at the global trade body would be discussed in the meeting of developing countries in New Delhi on May 13-14. The meeting is being held at a time when the multilateral rule-based trading system is facing serious and grave challenges. "In the recent past, there have been increasing unilateral measures and counter measures by members, deadlock in key... Read more.. Date : May 13 Source: Business Standard
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MNRE steps in to help green energy developersThe renewable energy ministry has held discussions with state governments to find out how much land they are willing to set aside for renewable energy parks, a senior official told ET. This follows a recent announcement by the ministry that it will ensure that land and transmission facilities are in place for developers who win wind and solar projects in auctions conducted by the Solar Energy Corporation of India (SECI), its nodal agency. Last week, MNRE officials held discussions with their counterparts in Gujarat, Andhra Pradesh, Rajasthan and Madhya Pradesh, the central government... Read more.. Date : May 13 Source: Energy World- Economic Times
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Social entrepreneurship meets sustainable developmentIn an era where fashion brands are increasingly criticised for the environmental issues raised by their manufacture, Tentree promises to be an ‘environmentally progressive’ and responsible brand. A clothing brand that was launched in 2012, Tentree aims to give back to the environment for what it is giving us. As the name suggests, Tentree has the policy of planting ten trees for every item that they sell. In seven years, they claim to have planted over 26 million trees. ‘Protect the world you play in’ is the... Read more.. |
India to exceed climate compliance under Paris AgreementIndia will exceed the compliance of its commitment made to address climate change through green energy installations under the landmark Paris agreement, according to global credit rating agency Moody’s Investors Service. The share of generation capacity from non-fossil-based fuel sources in the country will likely increase to 45 per cent by 2022 as India plans to increase its renewable energy capacity, excluding hydro, to 175 Gigawatts (Gw) and both wind and solar have already achieved grid parity, according... Read more.. |
Power-surplus Indian state says no to new solar capacityWhile other Indian states are struggling to meet renewable purchase obligations (RPO), Karnataka, the nation’s top performing market for installed solar capacity, has such a hefty surplus of power it has stalled PV tenders and auctions until further notice. The state’s electricity regulator has directed Karnataka Renewable Energy Development Limited (KREDL) to put on hold all new solar projects by state agencies, to balance its RPO and the financial health of its power distribution companies (discoms).... Read more.. |
Indore airport eyes solar power, energy efficiency to cut CO2 emissionIndore airport, also known as Devi Ahilyabai Holkar Airport, may soon be recognized for its significant progress in managing carbon emissions by a global airport body. Airport authorities plans to apply for carbon management certification programme – ‘Airport Carbon Accreditation’, which is run by Airports Council International (ACI). It was launched in 2009 and is the only voluntary global carbon management standard for airports. Four Indian airports already have this rating. This accreditation recognizes... Read more.. |