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Sustainability Outlook Headlines
BEE signs agreement with EU for 'green economy'In effort to promote 'green economy', Bureau of Energy Efficiency ( BEE) has signed an agreement with European Union to work towards reducing carbon emission by about 70,000 tonnes in 500 micro and small foundries in Punjab, Rajasthan and West Bengal. Funded by EU, the project will be implemented by a conglomeration of the Foundation for MSME Clusters (FMC), UNIDO, SIDBI, Indian Institute for Corporate Affairs (IICA), GIZ India, and GRI, Netherlands, within next three and half years. "We give particular importance to social and sustainable development leading to sustainable... Read more.. Date : Jul 6 Source: Economic Times
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Tamil Nadu's first wind energy plant now lies abandonedTwenty-one windmills established in the salt pan village of Mullakadu in Tuticorin district during the 1980s, today stand dilapidated having outlived their life span. However, people in the locality feel that these windmills can be revived or repaired to augment the present energy needs of the state. Tamil Nadu ranks seventh in respect of gross potential and third in respect of technical potential with regard to wind energy in India. Forty-one potential wind energy generation sites were identified and the Tamil Nadu Electricity Board (TNEB) established the first set of demonstration... Read more.. Date : Jul 6 Source: Times of India
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Global renewables to grow 5.8 pc/yr to 2017: IEAGlobal power generation from renewables will grow by an average 5.8 per cent a year from 2011 to 2017, buoyed by supportive policies and falling costs in several countries, the International Energy Agency (IEA) said in a report on Thursday. Electricity generation from renewables should rise to nearly 6,400 terrawatt hours (TWh) by 2017 from 4,540 TWh in 2011, said the Paris-based IEA, which advises industrialised nations on energy issues. This compares with 5 per cent growth a year in 2005-2011. In spite of the economic crisis and renewables subsidy cuts in some countries,... Read more.. Date : Jul 5 Source: Economic Times
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Nagaland govt goes big way in installing solar powerIn the face of erratic electricity supply in the state, the Nagaland government has planned to install solar power facility in most of the directorate building of various departments within this year. Although the department of new and renewable energy (NRE) wanted to install solar energy plates in all the 60 directorate buildings by end of March next the survey found that only 47 building are feasible to do so as the remaining one do not have spaces. Speaking at installation of solar energy plates at chief secretary’s residence, director of NRE T S Angami said the Union... Read more.. Date : Jul 5 Source: zeenews.india.com
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Rio: Rating the environmental starsShould nations receive ratings on their environmental performance? In some ways, they already do; carbon emissions are assessed on in toto and per capita bases, deforestation rates are calculated. But is it possible - is it desirable - to put all of this together in a single number? Matt Prescott, the ex-Oxford University academic who put together the Energy Saving Day initiative a few years back, believes it is. Just as financial credit ratings agencies such as Standard and Poor's or Moody's rate countries as AAA, A-, C, junk or whatever, on how solid a bet... Read more.. Date : Jul 5 Source: BBC News
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Can the U.S. Economy Be Sustained for Another 236 Years?“Perhaps the sentiments contained in the following pages, are not yet sufficiently fashionable to procure them general favour,” Thomas Paine, Common Sense, 1776 The original Declaration of Independence, badly faded from poor 19th-century preservation techniques, is on permanent display in the Rotunda for the Charters of Freedom, at the National Archives in Washington, D.C. Each passing Fourth of July provides evidence that this document is better preserved than the land whose inhabitants it... Read more.. Date : Jul 5 Source: Bloomberg
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Anu Solar to open 2,000 solar electronic product stores across IndiaSolar-powered electronic products will now be available at retail stores across the country. These stores will sell varied products ranging from solar water heaters to solar powered calculators, caps with fans that run on solar power, solar power storing batteries and inverters. Bangalore-based Anu Solar pvt ltd, a leading manufacturer and seller of solar products, will open 2,000 stores across India on franchisee basis. "These will be called 'one-stop experience stores' as the store and all the office equipments will also run on solar power, in order to show the public, the use and... Read more.. Date : Jul 5 Source: Economic Times
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Telcos to buy wind, solar power to reduce carbon footprintTelecom industry bodies COAI and AUSPI today said they have placed a power purchase order with seven renewable energy generation companies (Rescos) to power as many as 1 lakh telecom towers. "The umbrella body of telecom tower companies, Tower & Infrastructure Providers Association (Taipa), had two months ago sent a request for proposal (RFP) to seven Rescos like Moser Bayer and ABB, informing of readiness to buy their entire generation to power our 1 lakh towers," Cellular Operators Association of India (Coai) director general Rajan S Mathews told PTI. Though the initial... Read more.. Date : Jul 5 Source: Economic Times
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Indian MNRE offers details of off-grid PV subsidiesIndia's Ministry of New and Renewable Energy (MNRE) has released details of subsidies for off-grid solar photovoltaic (PV) generation. The agency is providing a 30% subsidy for the benchmark costs of PV systems, as well as loans limited to 5% interest annually. The subsidies will be capped according to type of installation, with systems purchased by individuals limited to 1 kW, except for pumps for irrigation and community drinking water, which are limited to 5 kW. Subsidies for non-commercial entities are limited to 100 kW per site, except mini-grids for rural... Read more.. Date : Jul 5 Source: Solarserver
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Sushil Kumar Shinde rolls out PAT for energy efficiencyPower Minister Sushil Kumar Shinde on Wednesday launched the 'perform, achieve and trade' scheme to improve energy efficiency of sectors such as iron and steel, cement, fertilizers, aluminium, textiles, thermal plants and paper. The scheme of the bureau of energy efficiency (BEE) aims to improve the efficiency standards of these sectors by 2015. The government notified the targets under the Energy Conservation Act 2001 for 478 industrial units and thermal power stations on March 30, 2012. These sectors cover over 65% of industrial electric consumption in the country,... Read more.. Date : Jul 5 Source: Economic Times
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Green Infra in talks to raise $200 millionRenewable energy producer Green Infra Ltd is in talks with investors to raise $200 million (around Rs. 1100 crore) to fund ongoing projects as well as expansion. This funding is separate from the $50 million debt facility that IDFC Private Equity-backed Green Infra may receive from the International Finance Corporation (IFC), the private sector investment arm of the World Bank, to build two solar power plants in the country. IFC is considering extending the facility over the next two years, according to a proposal dated 29 June on IFC’s website. “We have ambitious... Read more.. Date : Jul 4 Source: Livemint.com
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Coal India gets PMO’s policy pushThe government is making the right moves to ensure that power companies can have adequate supplies of coal in the near future. The mines for Coal India will get faster environment and forest clearances after the details are ironed out at a meeting later this week. Initial estimates suggest that the clearances would help at 113 million tonnes or nearly 25 per cent of the estimated output of 470 million tonnes for Coal India during the current fiscal. 13 projects of Coal India will benefit from the clearances that are expected shortly. The public hearing regarding the 13... Read more.. Date : Jul 4 Source: NDTV
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HP launches Pavillion 2, claims 60% power savingsHewlett-Packard (HP) has launched a power-efficient desktop called HP Pavilion P2, which is capable of cutting desktop-related energy costs by up to 60% according to the company. This desktop works on a 90W power adaptor as against conventional desktops that work on 250W power supply units. This reduces power consumption by 60-70% under normal usage conditions and results in savings of almost Rs 6000, claims the company. This product is available in the Indian market at a starting price of Rs 23,500. HP Pavilion P2 desktop comes in two versions - one with an Intel Pentium... Read more.. Date : Jul 4 Source: Times of India
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Bureau of Energy Efficiency’s energy efficiency scheme hits hurdlesThe Bureau of Energy Efficiency's (BEE's) much talked about PAT (perform-achieve-trade) scheme, which came into effect in April, has hit early hurdles. Very few companies have submitted roadmaps after the government set energy reduction targets and asked for initial updates by June 30. The PAT regime would see energy intensive companies generating business benefits by trading in energy saving certificates (EScerts). If companies fail to meet the reduction targets at the end of a three year cycle, they can either pay a penalty or buy EScerts from other units that have met their... Read more.. Date : Jul 4 Source: Times of India
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World eyes solar economic zoneWith the state riding high on renewable energy wave, its prestigious solar energy project, Chennai solar economic zone, has grabbed global attention. The 312-acre project, located along the Chennai-Bengaluru corridor, has bagged the privilege of being one of the 100 most innovative global infrastructure projects that makes cities liveable and sustainable. GMR Krishnagiri SEZ Ltd (GKSL) is a 2,800-acres of multi-product special economic zone (SEZ) being developed by GMR Group. Of this, about 312-acres are being exclusively developed as world’s first SEZ dedicated to solar... Read more.. Date : Jul 4 Source: Deccan Chronicle
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Corporates , NGOs to help tackle garbage issueThe Pune Municipal Corporation has decided to involve corporate companies and NGOs in solving the garbage problem in the city and implement the 'zero garbage' scheme throughout the city. The funds for making all the wards garbage free will be raised through corporate social responsibility (CSR) initiatives. The solid waste management department of the PMC has already issued tender for the scheme. It has appealed to NGOs and corporate firms to come forward and join hands for the project. The civic body has been given 15 days' time for the NGOs and the companies to get in touch with... Read more.. Date : Jul 4 Source: Times of India
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Battery cars, green buildings to power 'solar city' RajarhatTaking a cue from the Centre's decision to turn Rajarhat New Town into a "solar" city, the Housing Infrastructure Development Corporation (Hidco) is working on a project report to explore areas in which the use of solar power could be maximized. To be a solar city, at least 10% of the power the township uses will have to come from solar energy. "Street lighting, entertainment and community lighting are the standard areas where solar power is used. Now, two more aspects have been incorporated in the solar city concept, these are energy efficiency and green building to broaden the... Read more.. Date : Jul 4 Source: Times of India
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Over 57 villages electrified due to solar power in JaisalmerAt a time when entire Rajasthan is reeling under intense heat wave, the scorching Sun has proved to be a blessing for as many as 57 remote villages of the district due to solar power. "With the positive outcome, the department has now proposed to electrify 36 more hamlets in the district," said K S Rathore an engineer of power supply cooperation. He adds that solar power has emerged as an excellent option for these areas where routine electrification is difficult due to a challenging terrain. He said the Rajasthan has got huge potential for solar energy generation, for... Read more.. Date : Jul 3 Source: Business Standard
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Court comes down heavily on polluting crushersA division bench of high court has issued notice on a PIL over the non-deployment of water sprinkler system and other pollution control measures by the large number of stone crushers of Kaladera industrial area of RIICO at Jaipur. The notices were issued on a PIL filed by one Lakhan singh alleging that a large number of stone crushers are operating in the Kaladera industrial area of RIICO and they are not using any safety measures as well as pollution control steps to check pollution caused by small sand particles after extraction from these stone mines. The PIL hits out at the... Read more.. Date : Jul 3 Source: Times of India
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Inauguration of PAT Scheme by Hon’ble Minister for Power, Shri Sushilkumar ShindeIn continuation to the several schemes on Energy Efficiency launched by Bureau of Energy Efficiency (Ministry of Power, Government of India), Honourable Minister of Power Shri Sushilkumar Shinde, will launch the PAT (Perform, Achieve and Trade) Scheme today, at Dr. D. S. Kothari Auditorium, DRDO HQ Bhawan, New Delhi. The Minister of State for Power Shri K.C.Venu Gopal will also be present on the occasion. The PAT Mechanism is an important initiative under National Mission for Enhanced Energy Efficiency (NMEEE) programme of Government of India under the eight national missions of... Read more.. Date : Jul 3 Source: PIB
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Reliance Group enters into partnership with China Ming YangAnil Ambani's Reliance Group has entered into a strategic partnership with Chinese wind turbine maker China Ming Yang Wind Power Group for developing up to 2,500 MW clean energy projects in India as well as other South Asian countries. Ming Yang Wind Power has inked definitive agreements with Reliance Capital Ltd and related entities forming part of the Reliance Group. In a statement today, Reliance Group said the strategic partnership would look at developing up to 2,500 MW clean energy projects in India and expansion into South Asia region. The Chinese firm's... Read more.. Date : Jul 3 Source: Business Standard
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India to launch $40 bn Phase II of JnNURMIndia will launch the $40 billion second phase of its urban renewal mission in about four months, Urban Development Minister Kamal Nath told delegates attending the World Cities Summit here today. The Jawaharlal Nehru National Urban Renewal Mission (JnNURM) phase II would be carried out over the next five years as India works to cover its infrastructure deficit throughout the country and manage massive urbanisation programmes, he told the Summit's opening plenary session. "The challenge is not only to bridge the deficit but to also to build for the future," Nath said, adding... Read more.. Date : Jul 3 Source: Business Standard
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India's Srei plans $1B infrastructure equity fundSrei Infrastructure Finance Ltd. plans to raise $1 billion to invest in India's infrastructure sector and will soon hold roadshows in the U.S., Europe, Japan, Australia and the Middle East to market the equity fund, its chairman said. The plan comes at a difficult time to raise funds because of global uncertainties and concerns over the health of India's economy. But, Hemant Kanoria said he is confident that the company will succeed. "We are banking on our reputation and investor appetite for India's infrastructure sector to go out there and raise money," Mr. Kanoria said in... Read more.. Date : Jul 3 Source: Marketwatch
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Mahindra REVA Electric Vehicle Company plant awarded Green Factory platium ratingOther factories across India should take a page out of the book of the Mahindra and Mahindra green factory plant in Bangalore. The plant was recently certified by Indian Green Building Council and was rated as the best and even awarded a Platinum Ring for their outstanding contribution to preserving the environment. This environmentally conscious plant of Mahindra Reva Electric Vehicle Company scored 82 points in the review conducted by IGBS as ensured that it stands way ahead among all other automobile manufacturing plants in the country. Receiving a Platinum Ring is the highest... Read more.. Date : Jul 2 Source: rushlane.com
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New Zealand extends carbon trade rules until 2015New Zealand's government said on Monday it would continue allowing carbon emitters to offset just half of their emissions until at least 2015 to avoid putting New Zealand firms under more financial pressure as the economy struggles to improve. In addition, the government will allow unrestricted use of cheaper, international carbon credits in the country's emissions trading scheme (ETS) through 2015 and cap the price of each carbon-offsetting unit at NZ$25 ($20.09). "In these times of uncertainty, the government has opted not to pile further costs onto households and the... Read more.. Date : Jul 2 Source: Reuters
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