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Sustainability Outlook Headlines

India has commissioned 186 MW solar projects

 India has so far commissioned solar projects with capacity of about 186 megawatt, of which 40 MW worth of off-grid projects were commissioned in 2011, a senior government official said on Tuesday.

Tarun Kapoor, joint secretary, federal ministry of new and renewable energy, told reporters on the sideliness of Inter Solar conference in Mumbai.

India plans to build an initial capacity of 1 GW of solar power by 2013, enough to power close to 1 million homes. It would then add 3-10 GW by 2017, and hopes to grow that to 20 GW by 2022.

Coal currently accounts for 55 percent... Read more..

Source: Reuters

'Govt should focus onrenewable energy'

  Rural areas in Bihar are not part of the centralized grid system and have been deprived of electricity for decades. But the 112-page report, 'Urja Kranti ki Jagmagati Tasveer', shows the way forward on how people can get reliable energy that is quick and cost-effective and does not put additional pressure on our environment.

Releasing the report here on Tuesday, Ramapati Kumar, campaign manager, Greenpeace India, said, "All political parties, including the ruling party, had promised to work towards renewable energy to ensure energy access in their election manifestos".

... Read more..

Source: Times of India

Tata Power secures funds for its solar project

 Tata Power, India's largest private power company, on Tuesday tied up the entire debt requirement through consortium of domestic lenders for its 25 Mw solar power project in Gujarat. The consortium includes lenders such as State Bank of India and Export Import Bank of India.

Tata Power, through its subsidiary-Tata Power Renewable Energy Limited, is developing a 25 Mw solar photovoltaic (PV) power project at Mithapur in Gujarat under the State’s Solar Power Policy 2009.

"Tata Power Renewable Energy Limited has successfully tied up the entire debt requirement through a... Read more..

Source: Business Standard

Suntech, Canadian Solar to Supply Tata Power’s India Plant

 Tata Power Co., one of India’s biggest non-state generators, will order equipment for a 3.65 billion-rupee ($68 million) solar project from panel suppliers including Suntech Power Holdings Co.

Suntech, the world’s biggest panel maker, Canadian Solar Inc. and Tata BP Solar Ltd. will supply the 25-megawatt plant in western Gujarat state with crystalline silicon-based modules, the Mumbai-based utility said in an e-mail today.

The project in Mithapur has received financing from local banks led by State Bank of India and Export-Import Bank of India. The banks will fund 70... Read more..

Source: Businessweek

Carbon credit price fall upsets PEs' green push - The Economic Times

Falling prices of carbon credits have scuttled the best-laid plans of private equity investors to make a fortune by selling them. Europe's economic downturn coupled with low demand for emission compliance credits in the US and Asia and uncertainties over the continuation of Kyoto Protocol have resulted in a sharp fall in carbon credit prices over the past one year. 

Prices of carbon emission reduction (CER) receipts or carbon credits have fallen more than 60% since January this year. At current prices of 5 euro per CER unit, investors in pure carbon projects and carbon-... Read more..

Source: Economic Times

Blue Dart plans Rs 150 cr capital expenditure in 2012

 Blue Dart Express Ltd, South Asia's premier courier company, has earmarked around Rs 150 crore capital expenditure plan for 2012 to expand its air and ground services, a top executive said today. 

"We have decided to spend Rs 150 crore towards capital expenditure to expand air and ground services," Blue Dart Director (Finance) Yogesh Dhingra told reporters here. 

The company, part of DHL Group, had spent around Rs 300 crore over the past two years under its capex programme, Dhingra said. 

Meanwhile, Blue Dart and its parent company DHL today announced India's... Read more..

Source: Economic Times

UPDATE: Brazilian Sugar Producers See 20 Cents-22 Cents/Pound As Key - NASDAQ

Brazil's large domestic market for the biofuel gives local sugarcane millers a degree of flexibility that is unmatched in other sugar ... India and Russia, ...

The American Reporter Vol. 16, No. 4,353 - December 14, 2011 - American Reporter

... to the battles over access to water on the India ... and we have to drastically cut carbon emissions in the next ... U.S. Government in creating a market for ...

A year investors would rather forget - The Age

As the government gets down to the nitty-gritty of its proposed carbon tax, ... will support sales to India. The minerals resource rent tax passes the lower ...

Canada formally withdraws from Kyoto Protocol

Canada has became the first country to formally withdraw from the Kyoto Protocol, saying the pact on cutting carbon emissions was preventing the world from effectively tackling climate change. "We are invoking Canada's legal right to formally withdraw from Kyoto," environment minister Peter Kent said yesterday following a marathon UN climate conference in South Africa, at which nations agreed to a new roadmap for worldwide action.

The landmark pact reached in 1997 is the only global treaty that sets down targeted curbs in global emissions.

But those curbs apply only to rich... Read more..

Source: Hindustan Times

Durban climate change talks: Go for energy efficiency

 The Durban meet on climate change seems to work out fine for India. The conference has decided on a roadmap to curb emissions of greenhouse-causing gases by both developing and advanced economies; the actual accord is to be firmed up by 2015 and take effect in 2020. 

The rich, industrialised economies now need to walk the talk and take concrete action to significantly curb their carbon emissions. And India needs to fast-forward climate action to lower its emissions intensity and, in the process, considerably boost its overall energy efficiency. 

It is also notable that the... Read more..

Source: Economic Times

Now, India's real climate battle begins

 For India, Durban climate change talks were about retrieving ground it had lost voluntarily over the last two years and protecting against any future encroachment. In the end, it was enable to ensure that the battle over new encroachment got postponed, and will be played out in parts over the next three years.

In the last two years, India had given up on equity and discarded the principle of historical responsibilities, and even derided it. It had hollowed out the principle of common but differentiated responsibilities. The developed world was waiting for a pushover in Durban, but... Read more..

Source: Times of India

Torrent Power, Adani, JSW Steel May Get Boost From Climate Talks

 Torrent Power Ltd., Adani Power Ltd. and JSW Steel Ltd. may be among the Indian companies most likely to benefit from climate change talks in South Africa that helped ensure the continuation of the UN carbon market past 2012.

The European Union, the world’s biggest carbon market, vowed to extend emission-reduction targets under the Kyoto Protocol that were set to expire in 2012. Those targets can partly be met through the UN carbon market, known as the Clean Development Mechanism, which awards tradable credits to companies that set up environmentally friendly projects.

“What... Read more..

Source: Business Week

ICAR plans to seek more govt aid for wider research

 While research in climate change is being seen as the biggest research challenge for agricultural scientists, cotton and sugarcane are expected to be the two commercial crops to get more attention in research and development in the coming 12th five-year plan. However, the plans are to move from primary to secondary agriculture, crop diversification, change in cropping pattern and value addition with creation of a market chain for all crops. 

The Indian Council of Agricultural Research (ICAR) is gearing up with its own agenda and plan to seek at least double to triple allocations... Read more..

Source: Times of India

Indian companies stand to gain

SAIL, ONGC, Adani Power, Delhi Metro among gainers.

The Indian industry has reasons to cheer the outcome of the just-concluded Durban climate change talks, which announced the extension of the UN carbon market beyond 2012.

Private sector firms as well as public sector units such as SAIL, ONGC and even Delhi Metro, which owns carbon credit, will gain from the extension of the Kyoto Protocol.

An unscheduled 14th day of the Durban talks yesterday saw the announcement on the extension of a second commitment period of Kyoto Protocol. Kyoto, the legally binding... Read more..

Source: Business Standard

Segregate plastic waste and get paid

Soon , there will be 50 centres in the city where plastic waste segregated by residents will be collected, a high-level meeting chaired by environment minister B V Ramanaa at the Tamil Nadu Pollution Control Board (TNPCB) headquarters on Monday decided. The waste will then be sold to plastic manufacturers for recycling and the residents paid . 

Identification of locations for the project , to be launched across 10 cities in the state , has begun . The project is to be run according to the Union ministry of environment and forests' Plastic Waste Management Rule 2011. 

... Read more..

Source: Times of India

DHL and Blue Dart offer end-to-end GOGREEN Carbon Neutral Service

DHL and Blue Dart on Tuesday announced India's first end-to-end across international and domestic markets. This new service, a GoGreen initiative is an extension of DPDHL's global environment protection program launched in 2008 and will provide customers in India with an environmentally responsible shipping option.

Powered by DHL and Blue Dart in India, the GOGREEN Carbon Neutral Service will allow our customers to neutralize their carbon footprint by paying an offset charge over and above their shipping rates. The offset charge will be calculated on shipment / weight and distance.... Read more..

Source: Economic Times

Carbon credit prices may go up after deal on Kyoto extension

 Carbon credit prices , which have crashed to euro 5 per unit currently, way below the psychological euro 10 per unit level, are expected to revive at least on one count: The continuation of Kyoto Protocol for another five years, thus securing the long-term fundamentals of the Indian greenhouse gas (GHG) emission reduction market. 

While the uncertainty on the extension of Kyoto was causing much concern among Indian project developers, a key factor which led to a fall in prices of carbon credits was the Eurozone crisis which continues to bog the business of environment . A... Read more..

Source: Times of India

Indian LED Lighting Market Expected to Grow at a CAGR of 45.53 percent till 2015

Energy-efficient lighting technologies and the need to develop alternate technologies is gaining importance in India due to issues of energy deficiency, electrification of remote rural regions, and energy sustainability. Light Emitting Diode (LED) Lighting is considered the key emerging segment in the Indian lighting market, driven by the move towards energy-efficient lighting solutions. 

According to Frost & Sullivan Research, the LED lighting market in India was USD 73.3 million in 2010 and will continue growing at a CAGR 45.53 percent till 2015. This market is expected... Read more..

Source: andhranews.net

Carbon markets still on life support after climate deal

Carbon markets are still on life support after a U.N. climate deal agreed in South Africa on Sunday put off some big decisions until next year and failed to deliver any hope for a needed boost in carbon permit demand.

A package of accords agreed after marathon U.N. talks in Durban extended the 1997 Kyoto Protocol, the only global pact enforcing carbon cuts, allowing five more years to finalise a wider deal which has so far eluded negotiators.

Kyoto's first phase, which is due to expire at the end of next year but now will extend until 2017, imposed limits only on... Read more..

Source: Reuters India

Tata Power ready with effluent treatment plant

 Tata Power, India's largest integrated private power company, commissioned its effluent treatment plant in Jamshedpur today. 

The effluent treatment plant has a capacity of 100 Cu M/Hr and is based on the proven solid-liquid separation technology, using which the water quality generated from the treatment plant meets with the industry's specifications, a release said. 

P L Manjrekar, head of Jojobera Thermal Power Station, Tata Power, said, "Water is valuable resource, the commissioning of the treatment plant in Jojobera makes substantial water saving. This reinforces... Read more..

Source: Economic Times

Municipal authorities overlook disposing of waste in state

Despite reminders from the Rajasthan State Pollution Control Board (RSPCB) municipal corporations and municipal councils in the state continue to overlook the serious problem of disposing of solid and bio-medical waste in the state. 

The RSPCB on August 9 had issued directives to department heads (HoDs) of all 189 municipal council and Jaipur Municipal Corporation (JMC) over improper disposing system of solid and bio-medical waste. However, till date the board has not received any response from any of the councils or corporation. 

A senior RSPCB official said, "The... Read more..

Source: Times of India

Climate deal doesn't make things worse or better

 The hard-fought deal at a global climate conference in South Africa keeps talks alive but doesn't address the core problem: The world's biggest carbon polluters aren't willing to cut emissions of greenhouse gases enough to stave off dangerous levels of global warming.

With many scientists saying time is running out, a bigger part of the solution may have to come from the rise of climate-friendly technologies being developed outside the U.N. process.

"We avoided a train wreck and we got some useful incremental decisions," said Alden Meyer, of the Washington-based Union of... Read more..

Source: The Associated Press

New UN climate deal struck, critics say gains modest

 Climate negotiators agreed a pact on Sunday that would for the first time force all the biggest polluters to take action on greenhouse gas emissions, but critics said the action plan was not aggressive enough to slow the pace of global warming. The package of accords extended the Kyoto

Protocol, the only global pact that enforces carbon cuts, agreed the format of a fund to help poor countries tackle climate change and mapped out a path to a legally binding agreement on emissions reductions.

But many small island states and developing nations at risk of being swamped by... Read more..

Source: Hindustan Times

MRO unit to lift off Air India Express

The commissioning of the Rs.70-crore state-of-the-art maintenance, repair, and overhaul (MRO) unit of Air India in the vicinity of the international airport here on December 16 is expected to enhance the operational efficiency and utilisation of the aircraft of the Kochi-based Air India Express, the no-frills arm of the national carrier.

The unit will carry out day-to-day maintenance of Boeing 737-800 aircraft. Hence it will help increase the average flying time of 21 such aircraft of Air India Express and save fuel costs, as the fleet will be based in Kerala for ensuring... Read more..

Source: The Hindu
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