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Sustainability Outlook Headlines
Danfoss India inks MoU with National Productivity Council to promote Energy EfficiencyContinuing its effort towards skilling India, Danfoss Industries has announced that it has signed a Memorandum of Understanding with National Productivity Council, Government of India (NPC) to leverage common facilities for training in the area of energy efficiency, work towards improving the course modules and further on energy audit support on a case to case basis. NPC and Danfoss India have been working together in the areas of improving energy efficiency and have in the past worked together in preparing the energy efficiency curriculum for Energy Auditors and have worked... Read more.. Date : Nov 6 Source: Energetica India
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U.N. climate fund approves first projects ahead of Paris summitA multi-billion dollar fund set up by the United Nations to help poor countries tackle climate change on Friday approved its first eight projects, which will receive $168 million, a key step before a global climate summit starts on Nov. 30. The Green Climate Fund (GCF) has $10.2 billion in pledges and is a key ingredient for a U.N. climate accord. The Paris summit runs from Nov. 30 to Dec. 11. The fund will be one of the main channels for donor countries to mobilise over $100 billion a year in aid for developing nations by 2020 from public and... Read more.. Date : Nov 6 Source: Reuters
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Rays Power Experts to commission 5 MW solar plant at CharankaSolar solutions company Rays Power Experts on Wednesday said it has won turnkey EPC project to execute a 5 MW solar plant at Gujarat Solar Park, Charanka. Rays Experts bagged the Rs 28 cr project from SJVN Limited, a Mini Ratna company under Ministry of Power and a JV of the government of India and the government of Himachal Pradesh. The company will be responsible for Design, Engineering, Procurement & Supply, Erection, and Testing & Commissioning of this 5MW (AC) Grid connected Solar PV Power Plant along with its interconnecting transmission line of 66kV with the... Read more.. Date : Nov 6 Source: The Economic Times
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Vestas Winds plans to build new blade factory in IndiaVestas Wind Systems A/S, the biggest wind turbine maker, said it plans to build a new blade factory in India as it seeks to expand its presence in the Asian nation. The plan was included in the Danish manufacturer’s third-quarter earnings report on Thursday. Chief executive officer Anders Runevad said on a conference call with analysts that the plan is to build it next year at a cost of about €50 million ($54 million). “Once completed, the factory will support Vestas’ operations in the Indian market as well as potentially servicing activities in other markets,” Vestas said.... Read more.. Date : Nov 6 Source: Livemint
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By 2030, solar power to make up 18% of India energy generationSolar energy is expected to account for 18 per cent of total power generation capacity in India by 2030 from one per cent at present, playing a key role in the country's efforts to achieving 40 per cent installed power capacity from renewable energy. In its recently-submitted Intended Nationally Determined Contributions (INDC) ahead of the crucial climate change conference in Paris from November 30 to December 11, India has committed to achieving 40 per cent cumulative electric power installed capacity from non-fossil fuel based energy resources by 2030. From the current... Read more.. Date : Nov 6 Source: The Economic Times
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WRAP updates on sustainable clothing planWRAP has updated progress made by clothing retailers signed up to the Sustainable Clothing Action Plan's (SCAP) sector commitment. In two years, brands have reduced water impacts by 12.5 per cent per tonne of clothing and made a 3.5 per cent carbon impact reduction per tonne of clothing, both against a 15 per cent target. Clothing brand George (at Asda) has also signed up to the SCAP commitment this week, meaning signatories now represent more than 50 per cent of the UK retail market by sales, volume and value. Date : Nov 6 Source: Eco Textile
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Sedex introduces next generation sustainable sourcing daisUK-based Sedex has introduced ‘Sedex Advance’, a complete sustainable procurement solution, providing industry-leading tools and insights to help buyers, suppliers and auditors implement their sustainable sourcing programmes – all integrated into a single platform, to meet the changing procurement needs of companies across the world. Sedex Advance enables companies of any size to work quickly and effectively, within a fast and powerful supply chain platform, and organise and monitor their sustainable sourcing programmes, with an easy-to-use dashboard. It will also help protect their... Read more.. Date : Nov 6 Source: Apparel Resources
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Cabinet green signals rescue package for ailing discomsA rescue package for ailing electricity utilities, called ‘Ujwal DISCOM Assurance Yojna’ or UDAY, was approved by the Cabinet on Thursday. The scheme stipulates passing on discom debts in their entirety to the respective States over two years. Under the scheme, States will take over 75 per cent of the debt as on September 30, over two years — 50 per cent in 2015-16 and 25 per cent in 2016-17. Ensuring that the Centre’s finances are not impacted, the scheme stipulates that the debt taken over by the States will not be included by the Centre when calculating the fiscal deficit... Read more.. Date : Nov 6 Source: The Hindu Business Line
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India wants Paris climate change pact to recognise its need for growth, fundingIndia has demanded that the climate change pact to be agreed upon at the UN-sponsored climate meet in Paris (COP-21) in December should recognise its need for growth, assign differentiated responsibilities on countries based on their carbon emissions in the past, enhance the green climate fund, and foster collaboration in technology. “The first draft agreement that was circulated was lop-sided and in favour of the developed countries and we opposed it. In the recent meeting in Bonn, attempts were made to balance the text and our submissions were taken note of,” a government official... Read more.. Date : Nov 6 Source: The Hindu Business Line
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Carbon capture projects worldwide rise to 15 -reportThere are now 15 projects in operation worldwide that have captured 28 million tonnes of carbon dioxide emissions from coal and industrial plants this year, a technology that must be scaled-up to tackle climate change, a report released Thursday said. One new carbon capture and storage (CCS) project in Canada and one in Saudi Arabia started operations this year, the report from the Global CCS Institute said. It said the number of projects worldwide is now double the number of projects that were in operation in 2010. (Report:... Read more.. Date : Nov 5 Source: Reuters
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Energy efficient cars, fridges seen aiding climate, GDPTougher energy efficiency standards ranging from cars to fridges could cut annual world greenhouse gas emissions by about a tenth by 2030 while also spurring economic growth, an international report said on Thursday. The study, by the Global Commission on the Economy and Climate, urged the Group of 20 to do more to improve the energy use of vehicles, buildings, factories, power plants and household appliances as a way to limit global warming. The Commission, led by former heads of government, business leaders, economists and other experts,... Read more.. Date : Nov 5 Source: Reuters
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Veolia enters biomass power market in JapanFrench waste and water treatment group Veolia Environnement (EPA:VIE) today said it won two contracts for operation of biomass-fired power plants in northern Japan. Veolia is active in Japan since 2002 but the deals mark the French company's entry into the energy market of the Asian country. Veolia is set to enter into a joint venture (AssetCo-OpCo) with Japanese company Takeei and will manage the operation of two power plant running on wood chips. The facilities will be located in Hanamaki (Iwate prefecture) and in Hirakawa (Aomori prefecture). Each plant will have a... Read more.. Date : Nov 5 Source: SeeNews
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CDP Reveals 2015 Climate A ListApple, Microsoft and Google made the CDP 2015 Climate A List, which includes companies that received an A grade for their actions to mitigate climate change. CDP published the list as part of its annual Climate Change Report. The A List features brands from around the world including BMW, Nissan, L’Oreal, Nestle, Citigroup, Samsung and Unilever. Of the nearly 2,000 companies that submitted information to be... Read more.. Date : Nov 5 Source: Evironmental Leader
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World Exchanges Agree Enhanced Sustainability GuidanceThe World Federation of Exchanges has presented recommendations to its member exchanges on how to implement their sustainability policies, the culmination of a year-long project by its Sustainability Working Group. The guidance, presented at the WFE's General Assembly in Doha on October 20, is designed to be implemented by member exchanges on a voluntary basis. The WFE Guidance & Recommendations identifies material ESG metrics which exchanges can incorporate into disclosure guidance to companies listed on their markets. Specifically, the enhanced guidance highlights 34... Read more.. Date : Nov 5 Source: Investor Ideas
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The future is here: mass-market hydrogen cars take to Britain's roadsBilled for the last decade as a clean alternative to petrol or electric vehicles, hydrogen cars are no longer a car show concept but a driving reality. The challenge for manufacturers now is widescale adoption. The first mass production hydrogen cars, billed for more than a decade as a clean alternative to petrol and diesel vehicles but only glimpsed as concepts at automotive trade shows, have arrived on British roads. The most abundant element in the universe has added allure for carmakers in the wake of the... Read more.. Date : Nov 5 Source: The Guardian
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US 'playing catch-up to China' in clean energy efforts, UN climate chief saysChina is now leading the world when it comes to fighting climate change – handily beating the US’s efforts under Barack Obama to move to a clean energy economy, the United Nations climate chief said on Tuesday. In a swipe at the US president, who has embraced the fight against climate change as his legacy, Christiana Figueres, the UN’s leading climate official, said that when it came to getting off fossil fuels... Read more.. Date : Nov 5 Source: The Guardian
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Jennifer Morgan says India renewables target is "stunning" and hopes Saudi Arabia "diversifies its energy mix" in upcoming INDCExactly one month before the global COP21 climate talks in Paris and days following the release of the UNFCCC's INDCs synthesis, Jennifer Morgan, Global Director of the Climate Program, World Resources Institute (WRI), joined us on Twitter to share her expert thoughts and answer your questions ahead of the most important climate negotiations in history. Prior to joining WRI... Read more.. Date : Nov 5 Source: The Climate Group
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SunEdison wins NTPC bid with all-time-low unittariff of ₹4.63Solar tariffs have dropped to an all-time low of ₹4.63 a kWhr. That was the price quoted by the winning bidder, SunEdison, in an e-auction by state-owned utility NTPC for 500 MW of solar power. SunEdison, a US renewable energy major, has won the entire 500 MW. The company will put up the plant in an NTPC-developed solar park in Andhra Pradesh’s Kurnool district. New low The tariff of ₹4.63 breaches the ₹5-mark for the first time. The previous low was ₹5.05 by SkyPower Southeast Holdings, which won a mandate in July to set up a 150 MW solar project in... Read more.. Date : Nov 5 Source: The Hindu Business Line
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Solar Power Generator ACME Bags 50 MW Power Deal In UttarakhandACME, solar power generator in India, has won a deal as a Solar Power Developer for 50 MW solar PV power projects by Uttarakhand. ACME won this competitive bid that witnessed participation from 97 companies. Manoj Kumar Upadhyay, Founder & Chairman, ACME said, “The emergence of ACME in this bid reinstates our expertise in the solar power sector that helped us to become the country's largest solar power developer with over 1 GW projects under our portfolio.” The company has an existing portfolio of around 1150 MW including 440 MW in Telangana, 104 MW in Punjab, 160... Read more.. Date : Nov 5 Source: Business World
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CIC pulls up Environment Ministry over clearance given to Karnataka solar parkThe Central Information Commission has directed the Environment Ministry to explain whether it is revisiting environmental clearance given to a solar park in the habitat of Indian Bustard in Karnataka as per directions of National Green Tribunal. The Commission has directed the Ministry "to publish the policy along with reasons in permitting Solar Thermal projects, including that M/s Sagitaur Ventures India Pvt. limited as mentioned in this application, without Environmental Clearance, in spite of stand taken by the Ministry that it was a breach of Environment Protection Act." ... Read more..Date : Nov 4 Source: The Economic Times
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Coca-Cola HBC Commits to Halving Carbon EmissionsCoca-Cola HBC intends to reduce its water use intensity by 30 percent by 2020 compared to 2010 and direct carbon emissions intensity by 50 percent over the same period. In September, the Dow Jones Sustainability Indices named the bottling company as the word sustainability leader in the ... Read more.. Date : Nov 4 Source: Environmental Leader
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Volvo Announces Global Electrification StrategyVolvo has been one of the quieter players in the EV space, and as such, I’m all the more excited to see its hot-off-the-presses “Global Electrification Strategy.” The company is no Tesla, but its new plan announces a solid effort to integrate electrification into its current lineup, which will allow it to build mastery of EV tech and supply chains while also delivering higher-efficiency vehicles to customers. The core of its new strategy revolves around plug-in hybrids, which it will deploy across its full line of cars. With Volvo vehicles known for its safety, and Tesla recently... Read more.. Date : Nov 4 Source: Clean Technica
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BlackRock to promote climate bonds in impact investment driveBlackRock, the world's largest asset manager, has become the latest partner in a global initiative to promote the growing market for green bonds. The investor giant, which manages $4.5tr of assets worldwide, yesterday confirmed it is the newest member of the Climate Bonds Initiative (CBI), a non-profit programme that aims to improve the market for bonds that will support climate mitigation and adaptation investments, such as renewable energy technologies and flood protection measures. HSBC, Barclays, Bloomberg and Credit Suisse are already... Read more.. Date : Nov 4 Source: Business Green
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Use processed waste water to generate power: Govt to cosIn a push to the 'Swachh Bharat' campaign, government will soon make it compulsory for power plants to use processed waste water and also allow sourcing any amount of electricity generated from waste under new power tariff policy. "We will come out with new tariff policy very soon. It will allow distribution companies to buy any amount of power produced from waste," Power Minister Piyush Goyal said at a social entrepreneur award function. Further, the power plants will have to compulsorily use processed municipal waste water available in their vicinity (in 100 km radius), he... Read more.. Date : Nov 4 Source: The Economic Times
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Three ways to use solar energy for data centresThe list of firm that have struck renewable energy deals to power data centres is growing fast and it already includes major names such as Amazon, Google Inc, Facebook Inc and Hewlett-Packard Co (HP). Srikanth Murugan, a telecommunications industry expert and head of sales at Flexenclosure, is reviewing in detail some solar options for data centres, including the introduction of DC-powered servers to avoid DC-to-AC losses. THREE WAYS TO USE SOLAR ENERGY FOR DATA CENTRES “Energy efficiency” is undoubtedly a watchword in the... Read more.. Date : Nov 4 Source: SeeNews
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