Players bet big on solar water heater businessWith India facing electricity shortage coupled with the ministry of new and renewable energy promoting the use of solar energy devices with a 30% subsidy on solar products, water heater companies like Racold Thermo expect solar water heaters to become big growth drivers over the next few years. "In the last two years, the market for solar water heaters has grown 15% year on year," Mathew Job, managing director, Racold Thermo said. The water heater market in India is pegged at Rs 1,200 crore, with electric heaters dominating the category accounting for half of the market and... Read more.. Date : Jun 14 Source: Times of India
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Lessons from 50 start-ups: How Attero Recycling is reprocessing e-waste for moolah magicEven as the digital revolution gains pace, the ensuing by-product, continues to get a short shrift in the country. It is exactly this mess that Attero Recycling aims to clean up. The five-year old Noida-based startup, founded by brothers Rohan and Nitin Gupta, handles almost 500 tonnes of e-waste every month. Attero has developed its own proprietory technology that extracts precious metals, including, copper, lead and gold, and also recycles hazardous materials emanating from electrical appliances. "It is a billion-dollar market in India, and growing at 25% yearon-... Read more.. Date : Jun 14 Source: Economic Times
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Universal access to energy would herald enormous economic and social benefitsProviding modern access to energy for all the world’s citizens is achievable and would have only a minor impact on global energy demand and carbon dioxide emissions, according to IEA Executive Director Maria Van der Hoeven. Writing in the Commonwealth Ministers Reference Book, she warned against believing that bringing electricity to 1.3 billion people who currently have no access to it, as well as clean cooking facilities to 2.7 billion people, would have a significant negative impact on both domestic energy security (the uninterrupted availability of energy sources at an... Read more.. Date : Jun 14 Source: IEA
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Govt plans to roll out 3,000-MW solar power projectsThe Government of India is working on a plan to roll out 3,000 MW of grid connected solar power projects in phase 2 of the Jawaharlal Nehru National Solar Mission. “The Government also has plans to set up four solar thermal power projects through the Solar Energy Corporation of India,” Mr Tarun Kapoor, Joint Secretary, Ministry of New and Renewable Energy (MNRE), said in a statement. He said that the Government will also work on 6,000 MW projects through solar-specific renewable purchase obligation (RPO) scheme, and added that the renewable energy certificate (REC) scheme is... Read more.. Date : Jun 14 Source: The Hindu Business Line
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U.S.-India Bilateral Cooperation on Energy and Climate ChangeRecalling the 2009 U.S.-India MOU on clean energy, energy efficiency, energy security, and climate change, Secretary of State Hillary Rodham Clinton and Minister of External Affairs S.M. Krishna reaffirmed their countries’ strong commitment to work collaboratively in bilateral and multilateral fora to help ensure mutual energy security, combat global climate change and support the development of low-carbon economies that will create opportunities and fuel job growth in both countries. The two countries will continue to consult regularly on the future of global oil and gas markets,... Read more.. Date : Jun 14 Source: Newsroom America
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Israeli wins World Food PrizeWhile leading nations of the world are engaged in conflicts over the entire range of physical resources, from rare earth minerals to oil, this week the U.S. recognised the importance of a resource that matters much more to the vast numbers of the poor the world over — water. It was recognition of the importance of efficient water use in agricultural practices that undergirded the announcement of this year's winner of World Food Prize (WFP), Israeli scientist Daniel Hillel. Dr. Hillel was given the prestigious award, established in 1987 by Nobel Peace Prize winner and Green... Read more.. Date : Jun 14 Source: The Hindu
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Fuel-saving power of cars to be ratedCar buyers in India will have a choice of buying their models based on fuel efficiency from April 1, 2013. Bureau of Energy Efficiency (BEE) director general Ajay Mathur said exactly a year after consumers would be able to choose cars based on their fuel-saving capacity. The move is aimed at reducing fuel consumption, saving carbon emissions and making travel more economical for a car user. Of course, fuel efficient models of cars, like refrigerators and ACs, will cost more depending upon the efficiency rating. "It will be mandatory for manufacturers to bring only those car models... Read more.. Date : Jun 14 Source: Times of India
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Gurgaon to get a Green RingThe city will soon become a solar campus and will have all the significant areas lit up through solar energy, if the Haryana Urban Development Authority (HUDA) gives its nod to the Green Ring project. The Union Ministry of New and Renewable Energy and the United States Department of Energy are assisting Advit foundation (in association with the Times Group) in making this possible. On Monday, eminent members of the community and government held a meeting at the Rajiv Gandhi Renewable Energy Park in Leisure Valley to discuss solutions to run various renewable energies successfully. "... Read more.. Date : Jun 14 Source: Times of India
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Global air transport industry to cut half carbon emission by 2050The International Air Transport Association ( IATA) asked for a comprehensive global solution on aviation emissions to be negotiated through the International Civil Aviation Organisation (ICAO). IATA's director general and CEO Tony Tyler said that the path to achieve the emission targets would be laid by a good infrastructure, technology and positive market-based measures and a global solution and agreement should happen through ICAO. The global air transport industry is committed to three sequential goals to manage its 2% share of global man-made carbon emissions. These are: To... Read more.. Date : Jun 14 Source: Times of India
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Labelling fuel efficiency mandatory for passenger cars from April 2013A special 'star labelling' indicating fuel efficiency will be compulsory for all passenger cars from April 1, 2013, a top official of the Bureau of Energy Efficiency (BEE) said on Wednesday. "All passenger cars will have to be labelled for their fuel efficiency from April 1, 2013," BEE Director General Ajay Mathur told reporters. In November last, BEE, under the Ministry of Power released a Consultation Paper defining fuel efficiency standards (based on fuel consumption in litres per 100 kms). It had recommended a star-rating (based on a five-star scale, with five being the... Read more.. Date : Jun 13 Source: Asian Age
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India setting up cell for attracting investments in new energyIndia is setting up an Investment Promotion Cell for the energy sector to provide a single point of contact for investors, Minister of New and Renewable Energy Farooq Abdullah has said. In the next five years, the country plans to invest $ 50 billion in renewable energy, including $ 19 billion in wind, $ 25 billion in solar and $ 3 billion each in Hydro and Biomass segments, he said. "The cell will be our window for the potential investors to engage with us and bring their efforts and ideas to fruition," Abdullah told reporters after addressing an Investors' meet here last... Read more.. Date : Jun 13 Source: Economic Times
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Wind energy comes into its ownThe Indian Wind Turbine Manufacturers Association is set to mark the Global Wind Day on Friday with a series of programmes to increase public awareness of the importance of wind energy. This year, year even more than ever, wind energy has demonstrated its power by helping bridge the 30 per cent power shortage in Tamil Nadu to provide succour from the peak summer, says Mr Madhusudan Khemka, Vice-Chairman of the Association and Managing Director of ReGen Powertech a leading manufacturer of windmills. Over the last fortnight, windmills have contributed over 3,500 MW of power... Read more.. Date : Jun 13 Source: The Hindu Business Line
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Welspun Energy to Invest $1 Billion in Two Wind Farms in IndiaWelspun Energy Ltd., an Indian independent power producer, plans to invest $1 billion to build two wind farms in the state of Karnataka in the next five years. The company, a unit of Welspun Group, said it signed agreements with the government of Karnataka for projects with 100 megawatts and 750 megawatts of capacity, according to a statement released today. Welspun is also India’s biggest photovoltaic developer. The facilities to be developed in the districts of Bijapur, Chitradurga and Belgaun contribute to the company goal of installing 1.7 gigawatts of solar and wind... Read more.. Date : Jun 13 Source: Bloomberg
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Needed Now: $36 Trillion for a Clean Energy FutureThe world needs to invest an extra $36 trillion in clean-energy technologies between now and 2050 in order to have a shot at limiting long-term global temperature rise to 2 degrees C, the International Energy Agency said on Monday. In its annual Energy Technology Perspectives report, the Paris-based organization said that although the global adoption of clean-energy technologies is lagging behind its goals, there is still time to achieve a reduction in greenhouse gas emissions that would limit climate change by the middle of the century. The integrated use of existing... Read more.. Date : Jun 13 Source: AOL
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Bharti Infratel keen on solar energy solutions from global companiesTower company Bharti Infratel will soon invite bids for buying solar energy solutions worth $300 million from international suppliers for powering about 8,000 sites in its bid to cut diesel costs, executives aware of the development said. Sweden's Flexenclosure AB, China's Huawei and ZTE are among the key providers of environment-friendly energy solutions and are likely to pitch for the upcoming tender. It is not known if Bharti will opt for multiple vendors or go with a single one. Bharti Infratel is the hived off tower arm of Bharti Airtel and operates in seven of the 22... Read more.. Date : Jun 13 Source: Economic Times
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India to Seek 15% of $50 Billion for Renewables From OverseasIndia may seek at least $7.5 billion of the $50 billion it’s planning to invest in clean energy in five years from foreign direct investment, a government official said. “We’d like a bare minimum of 15 percent of that coming as FDI over the next five years,” Gireesh Pradhan, secretary at the Ministry of New and Renewable Energy, said today in an interview in London. Prime Minister Manmohan Singh plans to spend more than $300 billion in the five years to March 2017 to expand India’s electricity systems in an attempt to spur 9 percent economic growth by then. An increasing... Read more.. Date : Jun 13 Source: Bloomberg
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India Banks Face Solar Setback as Projects Delayed, FinedBanks may restrict loans to Indian solar projects after the government fined 13 projects for delays, including one owned by Indian Oil Corp. (IOCL) An inquiry found 13 of 20 projects in northwestern Rajasthan state missed their deadline, according to a list from the Ministry of New and Renewable Energy. “All delayed projects were fined,” Tarun Kapoor, the ministry’s joint secretary, said by phone. Indian Oil didn’t immediately respond to an e-mail seeking comment. The delays and penalties are a setback for lenders and may make it more difficult and costly especially... Read more.. Date : Jun 12 Source: Bloomberg
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Parivartan Sustainability Leadership Awards 2012 Launched; Advance deadline by July 19, 2012Sustainability Outlook, India’s only market access and collaboration platform focused on sustainability and low carbon development, today announced the launch of the Parivartan Sustainability Leadership Awards 2012. Parivartan Sustainability leadership awards are an annual initiative to recognize and celebrate sustainability innovations in Indian businesses. Nominations are invited from Indian businesses: both industries and service providers; policy makers, and young managers, who have successfully contributed to uptake of innovative sustainability measures in their area of... Read more.. Date : Jun 12 Source: Sustainability Outlook
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Carbon Disclosure Project and Forest Footprint Disclosure Project merge to create world’s largest natural capital disclosure system covering carbon, water and forestsThe Carbon Disclosure Project (CDP) and Global Canopy Programme (GCP) today announced an alliance that will see GCP’s Forest Footprint Disclosure Project (FFD) merge with CDP over the next two years. For the first time corporate disclosure on the earth’s atmosphere, water and forests will come under one roof, resulting in the world’s largest and most comprehensive natural capital disclosure system. Paul Simpson, chief executive officer at CDP said: “Investors and corporations are becoming increasingly aware of the extent to which their value chains are influenced by... Read more.. Date : Jun 12 Source: Sustainability Outlook
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Renewable Energy Investment Set Record In 2011Global investment in renewable energy reached a record of $257 billion last year, with solar attracting more than half the total spending, according to a U.N. report released Monday. Investment in solar energy surged to $147 billion in 2011, a year-on-year increase of 52 percent thanks to strong demand for rooftop photovoltaic installations in Germany, Italy, China and Britain. Large-scale solar thermal installations in Spain and the United States also contributed to growth during a fiercely competitive year for the solar industry. Several large American and German... Read more.. Date : Jun 12 Source: Huffington Post
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Infosys cuts energy use by a thirdInfosys, the Indian outsourcing giant, has cut its per employee electricity use by about a third and introduced energy efficiency measures that have saved the company $32m (£29m) since 2009. Through measures such as installing smart meters, turning down the air conditioning and building super-efficient new offices, the company is now using... Read more.. Date : Jun 12 Source: The Guardian
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EU Report on Carbon Market Due Before August: HedegaardThe European Union will present a report on its emissions trading system and a proposal to delay auctions of some carbon permits before the summer recess that starts in August, EU climate Commissioner Connie Hedegaard said. The report, which is being brought forward by a year, will include some long-term options to improve the EU cap-and-trade program, Hedegaard told reporters after a meeting of the bloc’s environment ministers in Luxembourg today. The price of permits in the European carbon market dropped to a record low earlier this year due to oversupply caused by the economic... Read more.. Date : Jun 12 Source: Bloomberg
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Developers accuse CWC, CEA & forest ministry for delaying energy projectsAt an international hydropower conference, Union water Secretary had a difficult time in defending various central government institutions as the companies associated with the sector accused them for delaying the projects. They said delayed execution of the projects is costing India dearly as the hydropower generation is gradually following in the overall energy mix available for the growth. Leading... Read more.. |
U.S. still lags behind other nations in share of renewable energyThe U.S. still lagged behind other nations in 2011 in the share of energy it gets from renewable sources, in spite of a more than 300% increase in funding for green power projects over the last decade. That's the finding of a report released Monday by the Natural Resources Defense Council, which looked at green power efforts in both advanced and emerging economies around the world. European countries still have massive debt programs, double-dip recessions and fragile banking systems, but the NRDC found that those problems haven't stopped them from getting much higher... Read more.. Date : Jun 12 Source: Los Angeles Times
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New data encoding method cuts energy needs for next-gen memoryA new data-encoding scheme that slashes more than 30 percent of the energy needed to write data onto new memory cards that use "phase-change memory" (PCM) - a competitor to flash memory that has big backing from industry heavyweights - has been unveiled this week. Researchers from Rice University and UCLA presented their breakthrough at the IEEE/ACM Design Automation Conference (DAC) in San Francisco. PCM uses the same type of materials as those used in rewritable CDs and DVDs, and it does the same job as flash memory - the mainstay technology in USB thumb drives and memory... Read more.. Date : Jun 11 Source: NetIndia123.com
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