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Sustainability Outlook Headlines
8 university tie-ups picked for Obama-Singh awardsA series of institutional partnerships aimed at propelling research and training in the field of energy security, climate change, agriculture sciences and health services are part of the Obama-Singh Initiative announced recently. As part of the bilateral education partnership, eight collaborative efforts have been awarded. Among the India-led partnerships include tie-ups between Rutgers University and Tata Institute of Social Sciences (TISS) to establish a national vocational school in India that will eventually train up to 1 million people every year. The vocational school... Read more.. Date : Jun 26 Source: Economic Times
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BEE plans risk guarantee fund for energy efficiency projectsThe Bureau of Energy Efficiency (BEE) plans to set up a partial risk guarantee fund (PRGF) to enhance financing options for energy efficiency projects. PRGF would provide commercial banks with up to 50 per cent of risk coverage against loans issued for such projects. BEE is also looking to set up a venture capital fund for the same. BEE has initiated the process and has requested proposals to shortlist a project approval unit for it, a senior official of the agency said. Under the programme, participating financial institutions would take guarantee of up to Rs 3 crore per project... Read more.. Date : Jun 26 Source: MydigitalFC
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Commercial establishments tap renewable energy for powerIt is not just industries here that are going in for renewable sources, such as wind power, to meet their energy needs. Some of the retail outlets have also started exploring the green energy options. Recently, Chennai Silks installed a stand-alone, rooftop wind and solar power plant to generate electricity to operate one division of a showroom here. According to K. Kasthoorirangaian, president of Indian Wind Power Association, High Tension industrial consumers have gone in for wind mills on a large-scale in the State. Bigger retail outlets and commercial establishments can... Read more.. Date : Jun 26 Source: The Hindu
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Future tense: Kolkata fails sustainability test by milesThe three-centuries-old City of Joy may find it tough to survive another century if civic authorities do not act decisively to make Kolkata sustainable. A report card on Kolkata's sustainability prepared by Joyashree Roy, a member of the Nobel prize-winning IPCC team and professor of economics at Jadavpur University, indicates that a majority of current practices are unsustainable. Not only is the city woefully inefficient in the use of natural resources like water, land and open spaces, the transportation system as it exists currently in unsustainable. The results on several... Read more.. Date : Jun 26 Source: Times of India
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Syntel Sponsors SIFE India Sustainable Entrepreneurship CompetitionsSyntel, Inc. a global information technology services and Knowledge Process Outsourcing (KPO) firm, today announced it will sponsor two regional competitions in India organized by SIFE (Students in Free Enterprise), a global non-profit organization operating in 39 countries. The competitions will be held in Chennai, India at the Hotel Savera on June 28, 2012 and in Mumbai, India at The Lalit Hotel on July 3, 2012. At each event, SIFE teams from leading colleges across India will compete by presenting the results of their SIFE projects that apply business concepts to outreach... Read more.. Date : Jun 26 Source: Market Watch
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Met department to come up with crop forecasting centre in two yearsGiving more sting and accuracy to forecasting of crop yield under different climatic conditions in the country, Indian Meteorological Department (IMD) is now eyeing National Centre for Crop Forecasting for help. The centre promises to offer integrated input on crop simulation model. It had already been established at Indian Agricultural Research Institute (IARI), New Delhi and expected to start forecasting in the next two years. The centre would provide a wide range of forecasting services based on reliable database. It would also provide integrated inputs, using all types of data,... Read more.. Date : Jun 26 Source: Times of India
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Subsidy spoiling green image of Indian companiesGovernment policies on subsidy are preventing Indian energy-intensive companies from improving their carbon image globally even though comparable firms in the developed world on an average have higher overall emission figures, according to India Market and Environment Report. The report by BSE-GREENEX, the co-creators of India's first energy efficiency index with the Bombay Stock Exchange, says Indian companies show a lower revenue earning per unit of carbon emitted due to subsidies. This distorts their emission intensity profiles and lowers their position in the global green index... Read more.. Date : Jun 26 Source: Times of India
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Green lessons from grand old buildingsLike the venue in which it was held, the finale of CII’s Young Indians ‘Green Heritage’ project highlighted the fact that relevance does not always decrease with age. The imposing semi-circular corridor of the Museum Theatre was dotted with 23 projects by school children who had used vignettes from the lives of grand old surviving buildings in the city to bring out the inherent ‘green’ features of heritage buildings. A culmination of three months of effort by the 48 participating schools, the initiative encouraged students to look at heritage buildings in their neighbourhoods. ... Read more..Date : Jun 26 Source: The Hindu
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Vinod Khosla's SunBorne Energy raises $5M VC fundingVinod Khosla-backed Sun Borne Energy Holdings LLC has raised $5 million (Rs 28.4 crore) in VC funding as part of its plan to raise $20 million (Rs 113.5 crore) equity funding, according to information from the US Securities and Exchange Commission's Notice of Exempt Offering of Securities. The identity of the investors have not been disclosed. Massachusetts-based SunBorne Energy, which was incorporated in 2008, operates in the solar energy spectrum. In India, the company's business model is based on utility scale projects. SunBorne has successfully bid for several solar projects... Read more.. Date : Jun 25 Source: Reuters India
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Meghalaya to tap its huge green energy potential in a big wayTaking cue from Tamil Nadu and Karnataka, power-deficit Meghalaya is going all out to tap green energy to bridge the widening demand-supply gap in the state. A preliminary investigation conducted by the Meghalaya Non-Conventional and Rural Energy Development Agency indicated that the state could generate about 3155 MW of electricity through non-conventional sources of energy such as bio-mass, solar and wind energy. A GIS mapping, conducted by the Chennai-based Centre for Wind Energy Technology (C-WET), an autonomous institution of the Government of India, said the state is... Read more.. Date : Jun 25 Source: Economic Times
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Environment vs Development: Cost-benefit audit to get stricterWith development projects taking a toll on the country's green cover, the environment ministry is tightening the audit process that would evaluate environmental losses against economic gains likely to be caused before transferring forest land for projects, industrial or infrastructural. The ministry has asked the Bhopal-based Indian Institute of Forest Management (IIFM) to submit a draft of cost-benefit analysis guidelines by July. The revised guidelines are expected to be more exhaustive compared to the present criteria under the Forest Conservation Act, 1980. H.C. Chaudhary... Read more.. Date : Jun 25 Source: Zee News
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Solar power shines on photo voltaic panel price crashRiding on the crash in photo voltaic (PV) panel prices, the solar power sector in India had a dream run last year with capacity ballooning to 940MW in 2011-12 from a paltry 20MW in 2010-11. That's just statistics. What's significant and not borne out by these statistics is the fact that the cost of power from solar is now on a par with the cost of power from new coal-based plants. In industry parlance, it's referred to as grid parity, considered the holy grail of solar power. Grid-parity is the point where the cost of electricity generated from sunshine becomes competitive with that... Read more.. Date : Jun 25 Source: Times of India
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Road to sustainability is through cities, says Ban Ki-moonUN Secretary General Ban Ki-moon applauds a crowd of Mayors and local government representatives for advancing sustainability in their towns and cities at the Rio+20 Global Town Hall today. “Local is global and global is local,” Ban Ki-moon said, explaining that in today’s globalized world, there is little difference between local and federal governments, and therefore cities play an equally important role in achieving sustainability. At the ongoing Rio+20 summit, countries have come up with a scope of agreement that will chart sustainable development in the next years. But... Read more.. Date : Jun 25 Source: Sustainability Outlook
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Harnessing ‘Water Gold’ – Teesta Urja shows the wayAs the rest of India struggles to meet perennial power shortages, the tiny Himalayan State of Sikkim has taken steps to emerge surplus in power by the next year with the execution of Teesta Urja cascade projects. Work is in rapid progress at Teesta-III, part of the Teesta Urja’s six-stage cascade projects. The 1200 MW Teesta-III is the largest of the six and it will not only give power virtually free to Sikkim but supply electricity to northern and eastern states which reel under chronic power shortages, particularly during the summer when the consumption is also at its peak. Sikkim... Read more.. Date : Jun 25 Source: Online PR News
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Morgan Stanley to invest Rs 1.2k cr in wind power companyMorgan Stanley Infrastructure Partners has struck a deal to invest Rs 1,200 crore in Continuum Wind Energy, developing 500MW assets. The private equity arm of Morgan Stanley will hold majority shares in the power generation company co-founded by Essar Group director Vikas Saraf and investment banker Arvind Bansal. This is one of the biggest private equity actions in the Indian wind energy space and coincides with the mounting troubles of conventional power suppliers due to shortage of domestic coal and expensive imports. In September last year, Goldman Sachs invested Rs 1,000 crore... Read more.. Date : Jun 25 Source: Times of India
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DRDO licensing eco-toilets to private companiesCommercialising the use of indigenously-built Bio-Digester technology which turns human waste into biogas and odourless compost, the Defence Research and Development Organisation (DRDO) is now licensing private companies to build eco-toilets all over the country. "As part of a FICCI interface programme, we are commercializing the technology so that bio-toilets can reach every nook and corner of the country. It is a unique technology not available anywhere else in the world," Dr W Selvamurthy, Chief Controller at DRDO, told PTI here. The DRDO have already transferred it to 49... Read more.. Date : Jun 24 Source: Economic Times
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Energy efficiency programs earn governments more tax revenue, federal study saysA new report says provinces that promote energy efficiency may forfeit some tax revenue from lower sales of fuel and electricity, but will make up for the loss - and more - through competitive economies that help fill their treasuries. Natural Resources ordered the May 2012 study partly to allay concerns in four eastern Canadian provinces that energy efficiency may be good for the environment and consumers but hard on their bottom lines. "The economic benefits exceed the cost of implementing efficiency measures, and ... efficiency investments quickly pay for themselves... Read more.. Date : Jun 24 Source: Regina Leader-Post
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Study questions sustainability of Bt cotton in water-starved VidarbhaLack of irrigation is one of the major causes leading to cotton farmer suicides in Maharashtra, a new study by the Council of Social Development (CSD) has stated. Titled ‘Socio-economic impact assessment of Bt cotton in India,’ the study has yet again raised the question of whether the marginal land of Vidarbha is suited for Bt cotton at all. Commissioned by the Bharat Krishak Samaj, the study points out the dependence of Bt cotton farmers on rainfed agriculture, the increasing irrigation costs and the lack of institutional credit. The study, in which farmers and farm... Read more.. Date : Jun 24 Source: The Hindu
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Now, Rio+20 India to teach students sustainable developmentThe recently concluded Rio+20 United Nations Conference on Sustainable Development in Brazil has led to the inception of the Rio+20 India programme. The Indian Astrobiology Research Centre (IARC) is spearheading the Rio+20 India programme in Mumbai. It will spread the message of the Rio+20 United Nations Conference on Sustainable Development across India, especially to students with certification programmes and workshops. The Rio+20 conference held in Rio de Janeiro, Brazil, from June 20–22 resulted in a focused political document about green economy and framework for... Read more.. Date : Jun 24 Source: Daily News and Analysis
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India voices concern over Green EconomyIndia today expressed its disappointment with the “weak” political will of the developed countries to provide the developing nations with enhanced means to implement objectives of Green Economy, which it said will also be a “green-wash” if the process is not democratised. As nearly 100 world leaders including Prime Minister Manmohan Singh gathered here for the Rio+20 Summit, India also firmly rejected unilateral measures and trade barriers under the guise of Green Economy, which was the buzz ahead of the deliberations here. It, however, recognised Green Economy as one of the... Read more.. Date : Jun 22 Source: Statesman
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U.K. to Require Public Companies to Report CO2 EmissionsThe U.K. will make publicly listed companies report their greenhouse-gas output, the first country to do so as it calls on big business to clean up its act. All companies listed on the main market of the London Stock Exchange will have to include emissions data in their annual reports starting in April, the Department for Environment, Food and Rural Affairs said today in a website statement. Large public- and private-sector organizations account for about 10 percent of Britain’s emissions. Tackling the pollutants pumped out by factories, utilities and other big companies may... Read more.. Date : Jun 22 Source: Bloomberg
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ClimateWorks Supports UN Sustainable Energy for All Initiative With U.S. $15 Million CommitmentThe ClimateWorks Foundation announced today its commitment of up to U.S. $15 million over the next three years to help India, China, Brazil and Mexico double both their rate of improvement in energy efficiency and the share of renewable energy in their energy portfolios by 2030. The funds support the goals of Sustainable Energy for All, a United Nations initiative. ClimateWorks will provide the funding to its international network of nonprofit best practices institutions over three years. Direct grants of U.S. $2 million per year will be supplemented by a commitment to match funds... Read more.. Date : Jun 21 Source: Yahoo Finance
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Hydro-power key to India's energy security: StudyWith coal supply remaining erratic and controversies dogging nuclear energy, hydro-power could hold the key to India's energy security and put an end to power cuts, according to a study released here Thursday. Given India's tight domestic coal supply and increasing reliance on imported coal, hydro-electric capacity with foreign direct investment (FDI) can provide the country with adequate power, says the report by HSBC Global Research. While the thermal power producers have yet to be assured of uninterrupted fuel supply, nuclear power projects in Maharashtra and Tamil Nadu... Read more.. Date : Jun 21 Source: Economic Times
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Himalayan Queen now fully solar poweredThe coaches of Kalka-Shimla toy train — the Himalayan Queen — have been converted to solar- based power system with the aim of harnessing green energy and reducing carbon emission. It is the first train in the country to have all its coaches solar powered. The experiment will earn carbon credit for the track that is on the heritage list of UNESCO. Each coach has been built at a cost of Rs 1.25 lakh and is provided with a 100-watt solar panel. The florescent tube has been replaced with the much brighter LED lights. The coach can function two days without the sun and can make two... Read more.. Date : Jun 21 Source: The Indian Express
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Jawaharlal Nehru National Urban Mission's houses for poor not viable, says reportThe Centre is aggressively promoting the Jawaharlal Nehru National Urban Mission (JNNURM) to address problems of urbanization, but the Working Group on Human Rights in India and the United Nations (WGHR) seems clearly unimpressed with the way the housing scheme for urban poor has been conceptualised. A WGHR report states that houses constructed for urban poor under JNNURM are generally located on the peripheries of urban areas — far away from people's workplaces, schools and hospitals — thus not viable. "The current paradigm of urbanisation being promoted by the Indian... Read more.. Date : Jun 21 Source: Times of India
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