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Sustainability Outlook Headlines
Deloitte acquires two carbon consultanciesThe Cancun climate talks may have ended inconclusively and chances that the United States Congress will enact a cap on greenhouse gas emissions over the next two years are slim to none, but business still sees money to be made in the carbon market. On Monday, for instance, Deloitte, the tax and consulting giant, said it has acquired two greenhouse gas consultancies, ClearCarbon Consulting and DOMANI. Terms of the deals were not disclosed. ClearCarbon, based in Arlington, Va., conducts audits of corporations’ greenhouse gas emissions to calculate their carbon footprints... Read more.. Date : Dec 14 Source: Reuters Blogs
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New Holland Provides Over 160 Units for Large-Scale Biomass Power Generation Project in India... Read more.. Date : Dec 14 Source: msnbc.com
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Coal Imports May Increase 78% to China, India: Energy MarketsChina and India may increase imports of coal by 78 percent to 337 million metric tons next year, further driving up prices from the highest in two years and diverting supplies from Europe to Asia. China may buy 233 million tons more of the fuel than it exports next year, up from net imports of 143 million in 2010, Citigroup Inc. said in a Nov. 29 report. India faces a shortfall of 104 million tons in the 12... Read more.. Date : Dec 14 Source: BusinessWeek
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India Secretary: To Seek Bids For 300 MW Solar Projects In A MonthIndia will seek bids for 300 megawatts of solar projects within a month, Renewable Energy Secretary Deepak Gupta said Monday. He said the federal government has received 340 responses after it recently sought initial bids for 620 MW of solar projects. The government has awarded 184 MW of grid-connected solar projects so far, which are expected to be built by September 2011, Gupta said in a speech at a solar industry conference. Date : Dec 14 Source: NASDAQ
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Haryana bags award for energy conservationHaryana has bagged the first prize in the Best States category for its performance in the Energy Conservation Programmes in 2009-10. Addressing mediapersons here today, a spokesman of the Haryana Renewable Development Agency (HAREDA) said that the award would be given by Union Power Minister Sushil Kumar Shinde at the National Energy Conservation Day function to be organised at New Delhi tomorrow. With this award, Haryana had become the only state in the country to have bagged the National Award for Energy Conservation for consecutive three years in a row. Mr B S Yadav,... Read more.. Date : Dec 13 Source: Webindia 123
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GreenWorld Enters Wind Energy Market in IndiaFlorida based GreenWorld Development Inc. (OTCBB: FRXP), the American-Irish “green and health technologies” conglomerate, is targeting the fast growing wind energy market in India which ranks among the top 5 wind energy countries worldwide. “With regard to renewable energy – especially wind energy – India is probably the most promising market worldwide,” GreenWorld-CEO Leo J. Heinl says. “On one hand, the Indian government is determined to become independent from expensive energy imports and is emphasizing the importance of renewable energy sources. On the other hand, there... Read more.. Date : Dec 13 Source: Earthtimes
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World's largest solar powered boat arrives amidst climate talksThe world's largest solar-powered boat has made a port call at the Caribbean resort of Cancun as negotiators from around the world struggle to work out a package of measures to curb global warming. The 31-meter-long Turanor PlanetSolar, whose deck is covered with solar panels, is driven by solar-generated electricity alone and can cruise at maximum speeds of between 8 and 9 knots, according to its 64-year-old German owner, Immo Stroeher. The boat, which has been on a voyage around the world, left Monaco in autumn and arrived Tuesday in Cancun, where a UN climate change... Read more.. Date : Dec 13 Source: Times of India
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Climate talks intensify; negotiators see progressNearly 200 environment ministers and other delegates moved late Friday toward wrapping up an annual U.N. climate conference with a package of decisions on modest steps, including a fund to help poorer nations cope with global warming. In a late-night open session, country after country endorsed the latest compromise texts to emerge from two-week-long talks that went virtually nonstop since Thursday, describing them as key to restoring momentum and trust in the U.N. climate negotiations. "What we have now is a text that, while not perfect, is certainly a good basis for moving... Read more.. Date : Dec 11 Source: Associated Press
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Climate change financing will benefit all — UN chiefCommitting funds to climate change mitigation and adaptation strategies in developing countries will lead to a safer, healthier and prosperous world for all, Secretary-General Ban Ki-moon said Wednesday. He made the remark while addressing delegates at the United Nations climate change conference in Cancún, Mexico yesterday, urging them to find ways of raising the required resources. “Climate financing is one of the most important aspects of our efforts to address the climate change challenge,” Ban told a side event related to his High-level Advisory Group on Climate Change... Read more.. Date : Dec 11 Source: Balita News
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Cancún climate change summit: Leaked documents reveal alternative dealEurope and a group of small island Pacific states have jointly proposed a new international treaty at the UN climate talks in Cancún, Mexico, to commit developing and developed countries to reducing their climate emissions, according to leaked documents seen by the Guardian and the Times of India. The move has outraged many developing countries, including China, Brazil and India, who fear that rich countries will use the proposal to lay the foundations to ditch the Kyoto protocol and replace it with a much weaker alternative. The new negotiating text could provoke the most... Read more.. Date : Dec 10 Source: Guardian
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Government urged to support pvt agencies in power sectorRaising concern over the grim power scenario in the state, the Associated Chambers of Commerce and Industry of India (ASSOCHAM) has asked UP government to support private agencies in exploring and establishing renewable sources of energy -- hydro power, solar power, biogas and wind energy. The body also advised the state government to set up more electricity substations to effectively address the problem of insufficient power generation and distribution. Citing data pertaining to Uttar Pradesh, ASSOCHAM national general secretary, DS Rawat, said: "In 2008-09, UP faced a power... Read more.. Date : Dec 10 Source: Times of India
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Intense climate talks stretch into final hoursClimate talks went into their final day Friday with a raft of issues undergoing intense bargaining through the night, but with high hopes an agreement was within reach on measures to fight global warming. In a late-night session, negotiating groups reported they had settled some disputed wording and clauses, but other knotty issues remained to be sorted out. One issue, related to pledges by industrial and developing countries to rein in emissions of heat-trapping gases, appeared deadlocked. "We really do not have more time," said the conference chair, Mexican Foreign... Read more.. Date : Dec 10 Source: Associated Press
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Tribal activists see REDD in CancunIndia has agreed to allow a market mechanism in a forestry scheme, Reduced Emissions from Deforestation and Degradation (REDD), though critics claim this may weaken the traditional forest rights of tribals. However, environment minister Jairam Ramesh insisted REDD schemes would have no impact on related stories not oppose the market mechanism. This means companies can pay to plant forests to... Read more.. Date : Dec 10 Source: Hindustan Times
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Last-minute 'climate change', India drops two-year-old policyIn an effort to break a deadlock in negotiations to save the planet from overheating, Union Minister of State Jairam Ramesh discarded overnight India’s policy of two years on global climate change. UN chief warns climate talks are too slow domestic criticism of his new stand that the country is willing to accept legally binding commitments in place of its oft-repeated policy of only voluntary action to cut greenhouse-gas emissions. “All countries must agree to a legally binding commitment under an appropriate legal form,” Ramesh said as he surprised his own negotiators at the... Read more.. Date : Dec 10 Source: Hindustan Times
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Green tech sharing mechanism finalizedAmidst the grim mood at Cancun, there is one good news, or at least partial good news: the over-arching architecture of a global green technology sharing and development mechanism has been finalized. India played a crucial role in hammering out the deal on the technology framework though it could all get held up if negotiators are unable to come to similar level of consensus on other key issues forming part of a global long-term deal, namely mitigation targets, international scrutiny protocols, financing climate change action, forestry and the future of Kyoto Protocol. Regardless,... Read more.. Date : Dec 9 Source: Times of India
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NDTV announces winners of ‘Greenies Eco Awards’NDTV A first of its kind in India, the ‘NDTV-Toyota Greenies Eco Awards’ are aimed at encouraging, acknowledging and awarding the champions of the Earth for environmental leadership. It showcased examples of excellence and best practices in finding innovative solutions to the environmental... Read more.. Date : Dec 9 Source: Express India
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Cancun Delegates Debate Climate Fund: Who Pays?With just two days left, delegates to the annual U.N. climate conference haggled and cajoled into the night in search of compromise on a raft of issues, including whether industrial nations should generate $100 billion a year, or up to $600 billion, to help poorer countries cope with global warming. "The progress made is encouraging, but unresolved issues are still many," Zimbabwe's Margaret Mukahanana-Sangarwe, chair of a conference working group, said Wednesday of the half-dozen key disputes. "We need to do better and we need to do more." This year again the U.N. talks will... Read more.. Date : Dec 9 Source: NPR News
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'Investments in clean power may touch $169bn'The government`s thrust on green energy will help push up private funding of such technologies by 48%, while overall investments in clean power projects could touch $169 billion over the next decade, a report by global policy watchdog, The Pew Charitable Trusts, said on Wednesday. The report said such investment prospects will put India on track to climb from 10th place to third among the G-20 grouping in terms of clean power project investments worldwide. The report examined projected private investments in wind, solar, biomass/energy from waste, small hydro, geothermal and marine... Read more.. Date : Dec 9 Source: Times of India
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First Solar Wins Contract for 15 Megawatts in IndiaFirst Solar Inc., the world’s largest maker of thin-film solar modules, said it won a contract to supply 15 megawatts of panels to India’s ACME Tele Power Ltd. First Solar shares jumped as much as 2.6 percent after the Tempe, Arizona-based company said today in an e-mailed statement that it will ship the panels to ACME for a project in Gujarat by March. The value of the contract was not disclosed. First Solar rose $2.52, or 1.9 percent, to close at $133.50 in Nasdaq Stock Market composite trading. That trimmed the stock’s decline this year to 1.4 percent.
Date : Dec 9 Source: BusinessWeek
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Envido launches 1st carbon emission measurement tool for the advertising industryEnvido in partnership with SMG will today publicly unveil CarbonTrack™, the world’s first credible, universal measurement tool designed to calculate the carbon footprint of advertising campaigns. CarbonTrack™ has been developed with guidance from the Carbon Trust and the launch in London today will be supported by two of SMG’s most environmentally active clients, Honda and Heineken. According to first estimates using CarbonTrack™, the UK advertising industry is thought to produce an estimated 2 million tonnes of CO2 annually, the equivalent of heating 364,000 UK homes for a year.... Read more.. Date : Dec 8 Source: PRLog
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CLP announces new non-carbon targets for 2020CLP, a power generation company, has announced new interim targets for 2020 as the company implements its Climate Vision 2050 strategy. "Our new targets will see at least 30% of our generation portfolio consisting of non-carbon emitting source by 2020, of which 20% will be from renewable sources. We will also reduce our carbon intensity more aggressively by around 30% from the 2007 level," said Mr Andrew Brandler, CEO of CLP Holdings, in announcing the new interim non-carbon targets. In 2007, CLP announced that it will significantly reduce the carbon intensity of its... Read more.. Date : Dec 8 Source: TradingMarkets.com
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India Day Ahead: Solar Auctions at Risk; OPEC to Maintain QuotasIndia’s first auction of solar power permits may get derailed as plant builders say borrowing costs are too high to finance the projects, a key part of government efforts to reduce oil imports. Tata Power Co., India’s biggest non-state power developer, said it isn’t participating in the auction because it would have trouble raising loans. Azure Power said it has found another way to fund its project because of unattractive rupee lending terms. Developers offering to sell their electricity at the cheapest rate will be picked and will gain preferential tariffs and a designated buyer... Read more.. Date : Dec 8 Source: Bloomberg
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India defends actions on climate change, but says coal to stayIndian Environment Minister Jairam Ramesh on Monday said the South-Asian power could be more affected than any other country by the consequences of climate change as he laid out his plans for reducing India's own greenhouse-gas emissions. But Ramesh also said India could only go so far in curbing its own emissions as its surging economy is confronted with massive demand for new energy. He insisted coal power would remain a "main-stay" of India's energy generation for many years to come. "For a country of 1.3 billion people ... it is the height of foolish romance to think... Read more.. Date : Dec 8 Source: Earthtimes
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World Bank chief to launch carbon market fundWorld Bank President Robert Zoellick is set to launch a new multi-million dollar fund in Mexico on Wednesday to help emerging market countries set up their own carbon markets, the bank said on Tuesday. While the list of participating countries is still being finalized, they are expected to include China, Mexico, Chile and Indonesia. Zoellick will launch the fund in Cancun on Wednesday where countries are involved in global climate negotiations to toughen existing pledges to cut carbon emissions. The climate talks are supposed to agree in 2011 on a global successor to... Read more.. Date : Dec 8 Source: Reuters India
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Climate change: Modi seeks role for Chief MinistersGujarat Chief Minister Narendra Modi has requested Prime Minister Manmohan Singh to involve all the Chief Ministers in defining the country's commitments for climate change before submitting the papers for international negotiations. Quoting the current reports about the stand taken by India at the COP-16 summit on climate change at Cancun, Mexico, Mr. Modi, in a letter to Dr. Singh on Tuesday, said India's stand on domestic climate actions as reported from the summit was contrary to the assurances given by the Centre to Parliament. He said it was not only a compromise on national... Read more.. Date : Dec 8 Source: Hindu
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