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Sustainability Outlook Headlines

NTPC plans to generate power from urban waste

NTPC will use “torrefied coal” in its power plants NOIDA: In what could make a major difference to the management of urban solid waste, National Thermal Power Corporation (NTPC) is all set to implement a waste-to-energy technology that it has co-developed with a Chennai-based orthopedic surgeon. The “torrefied coal”, made out of carbonised waste, will be used by NTPC in its power plants in Varanasi, Bhopal, Indore and Hubli for power generation, officials said. “The idea is to carbonise solid waste in low... Read more..

Source: The Times of India

Hyundai Motor plans world’s costliest electric vehicle recall

Hyundai Motor is drawing up plans for the world’s most expensive electric vehicles recall to replace batteries following a string of electrical fires, according to people familiar with the situation. The South Korean carmaker said in October that it would recall 77,000 Kona electric cars made between September 2017 and March 2020 after more than a dozen caught fire due to battery problems. The carmaker is now considering replacing the vehicles’ batteries after a recalled Kona model caught fire even after... Read more..

Source: Financial Times

India-EU Joint Committee on S&T Cooperation creates action-oriented agenda focusing on ICT, resource efficiency & electric mobility

The India-EU joint steering committee on science and technology has agreed to develop and adopt a long-term strategic perspective for India-EU collaboration in research and innovation at the 13th Joint Steering Committee on Science and Technology Cooperation meeting hosted by the European Commission recently.

The two sides appreciated the achievements under India –EU science, technology Innovation... Read more..

Source: PIB

Ingersoll Rand 2030 and 2050 Environmental Goals Set to Mitigate Climate Change and Make Life Better for Generations to Come

“We are operating at a time when course-correcting the impact we have on the environment is an imperative and our collective responsibility,” said Vicente Reynal, Chief Executive Officer. “On a daily basis Ingersoll Rand employees around the world live our purpose of Making Life Better, and with a strong culture centered on employee ownership and dedicated to citizenship, we stand ready to accelerate our environmental actions.

... Read more..

Source: Ingersoll Rand

Gadkari inaugurates 50 SFURTI clusters in 18 States, which will support over 42,000 artisans in traditional crafts - amount of around Rs.85 crore for development of these 50 clusters

Union Minister for MSME & Road Transport & Highways, Shri Nitin Gadkari this evening inaugurated 50 artisan-based SFURTI clusters, spread over 18 States. In the 50 clusters inaugurated today, over 42,000 artisans have been supported in the traditional segments of muslin, khadi, coir, handicraft, handlooms, wood craft, leather, pottery, carpet weaving, bamboo, agro processing, tea, etc. The Ministry of MSME, Govt. of India has funded an amount of around Rs.85 crore for development of these 50 clusters... Read more..

Source: PIB

European Commission under increased pressure over gas in green finance rules

The European Commission came under new pressure on Monday from Poland’s biggest power producer PGE and its own advisors, over whether to include gas power in EU rules on sustainable finance. The European Union’s sustainable finance taxonomy will define which economic activities can be labelled “green” investments - a tool Brussels hopes will incentivise low-carbon finance and rein in greenwashing. The Commission had hoped to finish these rules last month, but delayed them to April after a draft version... Read more..

Source: Europost

Tripura Gets First-Of-Its-Kind Road Constructed Using Non-Recyclable Plastic Waste

In a first-ever initiative in Tripura, the state has started using non-recyclable plastic waste in the construction of roads with an aim to reduce plastic waste and make the environment plastic-free, said Tripura Chief Minister Biplab Kumar Deb on Monday. Speaking to ANI at the inauguration of the first such road, Tripura Chief Minister Biplab Kumar Deb said, "This is for the first time in Tripura that waste plastic was collected and recycled, and used in constructing a 680 metre long road in front of the... Read more..

Source: Business World

Santander Group sets ambition to be net zero by 2050, supported by first decarbonization targets

To support the goals of the Paris Agreement on climate change, Santander is announcing today its ambition to achieve net zero carbon emissions across the group by 2050. The ambition applies to the group’s own operations, which are net zero since 2020, and all client emissions that result from any lending, advisory or investment services provided by Santander. To achieve this and help facilitate the transition to a low-carbon economy, by 2030 the bank will align its power generation portfolio with the Paris... Read more..

Source: Santander

Siemens Joins Multiple Sustainability Initiatives, Including RE100, SBTi

Siemens has become one of very few companies worldwide to sign up for four ambitious sustainability initiatives at once: We’re supporting three initiatives led by the Climate Group – RE100, EP100 and EV100. In addition, we joined the Science Based Targets initiative (SBTi). To limit global warming to 1.5 degrees Celsius, we commit to a science-based reduction pathway along our entire value chain. In this way, we’re ensuring that our climate-protection efforts are in harmony with the Paris Climate Agreement’s... Read more..

Source: Siemens

Centre to support Andhra Pradesh set up EV charging infrastructure

As part of its national policy, the Union government will support Andhra Pradesh in developing infrastructure for electric vehicle (EV) charging. The Centre had recently announced phase-II of FAME (faster adoption and manufacturing of hybrid and electric vehicles) to incentivise the deployment of public charging infrastructure and increase uptake of electric vehicles in the country. Under this, Andhra Pradesh will set up 400 charging stations in 73 locations across the state. Vijayawada, Visakhapatnam, and... Read more..

Source: The Times of India

MSCI joins forces with Microsoft on ESG tech, analytics

MSCI and Microsoft are teaming up to give institutional investors a way to harness big data and analyze trends for customized analyses, the companies said Monday. The investment solutions as a service approach will allow institutional investors to use next-generation technologies, advanced analytics and big data to help anticipate and address key strategic and investment challenges, a joint release said. It combines Microsoft's cloud and AI technologies with MSCI data sets, analytical models and global... Read more..

Source: Pensions and Investments

H&M’s €500 Million Sustainability Linked Bond Nearly 8x Oversubscribed

Fashion and design brands company H&M Group announced the issuance of a €500 million sustainability linked bond, with a maturity of 8.5 years, and an annual coupon rate of 0.25%. Demand for the bonds was particularly strong, with the offering 7.6x oversubscribed. Helena Helmersson, CEO of H&M Group, said: “Our customers are showing on a daily basis that they appreciate H&M Group’s offering with the best combination of fashion, quality, price and sustainability. Today’s successful bond issue is... Read more..

Source: ESG Today

UltraTech issues first ESG bonds from South and Southeast Asia

The largest cement company in India has made its first USD-denominated sustainability-linked bond offering, the first such offering from South and Southeast Asia. UltraTech Cement, an Indian cement company based in Mumbai and subsidiary of Indian multinational conglomerate Aditya Birla Group, engaged Magic Circle firm Allen & Overy on the sustainability-linked offering of USD 400 million. The notes are due in 2031, and are the first sustainability-linked bonds to be offered from South Asia and Southeast... Read more..

Source: ICLG

Transport Minister Shri Nitin Gadkari launches ‘Go Electric’ Campaign in the august presence of Power Minister Shri RK Singh

Shri Nitin Gadkari, the Union Minister for Road Transport & Highways, Micro, Small & Medium Enterprises Shri Nitin Gadkari in the august presence of Shri R. K. Singh, the Union Minister of State (IC) for Power and New & Renewable Energy, Minister of State for Skill Development and Entrepreneurship launched the “Go Electric” Campaign to spread awareness on the benefits of e-mobility and EV Charging Infrastructure as well as electric cooking in India. Shri Gadkari while launching the nationwide... Read more..

Source: PIB

Maharashtra: MahaMetro postpones meeting its solar target

MahaMetro seems to have postponed the target of meeting 65% of its power requirement from solar energy. It had set a target of installing 14 megawatt (MW) for phase I of Nagpur Metro project but so far, only 2MW has been installed. Another 2MW is in the process of installation. Of the four reaches, two are operational — Reach I (Sitabuldi to Khapri) and Reach III (Sitabuldi to Lokmanya Nagar). Most of the stations on these reaches are operational. Ideally, MahaMetro’s installed solar capacity should have been... Read more..

Source: The Times of India

Waaree commissions 16 MW solar project to power agriculture feeder

Waaree Energies has announced the commissioning of a 16 MW ground-mounted solar project under Maharashtra’s solar-powered agriculture feeder scheme. The solar module manufacturer and EPC contractor executed the plant for Waacox Energy using its own modules. Under the solar agriculture feeder program, the Maharashtra State Power Generation Company (MAHAGENCO) awards the installation of 1-10 MW community-scale solar PV power plants interconnected to the 33/11 kV sub-station. The major advantage of this scheme... Read more..

Source: PV Magazine

Torrent Power emerges highest bidder for Dadra Nagar Haveli, Daman & Diu discoms

Torrent Power has emerged as the highest bidder for majority stake in electricity distribution companies of Dadra Nagar Haveli and Daman & Diu by quoting a winning price of Rs 555 crore, sources said. The company outbid firms like Adani Transmission, CESC and ReNew Power who submitted price bids, the sources said. "The winning bid is three times the reserve price of Rs 151 crore," they said. A formal announcement by Torrent Power and nodal agency PFC Consulting Ltd is expected soon. Dadra Nagar Haveli and... Read more..

Source: Economic Times

A.P. Moller - Maersk will operate the world’s first carbon neutral liner vessel by 2023 – seven years ahead of schedule

Fast-tracked by advances in technology and increasing customer demand for sustainable supply chains, A.P. Moller - Maersk accelerates the efforts to decarbonise marine operations with the launch of the world’s first carbon neutral liner vessel in 2023 - seven years ahead of the initial 2030-ambition. All future Maersk owned new buildings will have dual fuel technology installed, enabling either carbon neutral operations or operation on standard very low sulphur fuel oil (VLSFO).

... Read more..

Source: MAERSK

PM addresses webinar for consultation towards effective implementation of Budget provisions in power and renewable energy sector.

The Prime Minister, Shri Narendra Modi today addressed a webinar for consultation towards effective implementation of Union Budget provisions in the power and renewable energy sector. Union MoS (I/C) for Power and New and Renewable Energy; stakeholders and sectoral experts of the power sector, representatives of industries and associations, MDs of DISCOMs, CEOs of state nodal agencies for renewable energy, consumer groups and senior officials of the Ministry of Power and Ministry of New and Renewable Energy... Read more..

Source: PIB

NGT limits brick kiln operations in Delhi-NCR: Order allowing only a limited number of brick kilns using zig-zag technology to operate

The National Green Tribunal (NGT) February 17, 2021 passed an order allowing only a limited number of brick kilns using zig-zag technology to operate in the national capital between March and June. The order, however, stated that the number of brick kilns operational every month between March and June would vary depending upon the carrying capacity of the area. These kilns will be allowed to operate only when the air quality is not severe. In case of severe conditions, they will be banned from running. The... Read more..

Source: DownToEarth

“Statement of Intent” signed between Indian Oil and Greenstat Hydrogen India Pvt. Ltd for setting up of Centre of Excellence for Hydrogen

Minister of Petroleum and Natural Gas & Steel Shri Dharmendra Pradhan today witnessed the signing of a Statement of Intent between IndianOil Corp. Ltd. and M/s Greenstat Hydrogen India Pvt. Ltd., a subsidiary of Greenstat Norway for setting up of Centre of Excellence on Hydrogen. This association aims to develop a Center of Excellence on Hydrogen (CoE-H) including CCUS and Fuel Cells by IndianOil and M/s Greenstat for clean energy in cooperation with Indo-Norwegian Hydrogen Cluster companies/organizations... Read more..

Source: PIB

Gadkari urges power minister to reconsider restriction on solar rooftop projects

Union micro, small and medium industries minister Nitin Gadkari has urged power minister R K Singh to reconsider a recent controversial decision to restrict net metering in solar rooftop projects. The power ministry had recently issued a gazette notification directing states to henceforth allow net metering only for solar rooftop projects with capacity lower than 10 KW. Those with higher capacity needs to shift to gross metering. With most solar rooftop installations in the commercial and industrial (C&I... Read more..

Source: Economic Times

IFC, TCCL and EverSource to back WABAG's hybrid annuity model project

VA TECH WABAG Ltd ('WABAG'), a leading pure play water technology company, announced financial closure for its Hybrid Annuity Model (HAM) project received from Kolkata Metropolitan Development Authority (KMDA). The project debt requirement will be funded by a consortium of International Finance Corporation (IFC) and Tata Cleantech Capital Limited (TCCL) WABAG had earlier signed a Rs 575 crore HAM concession agreement under the Namami Gange programme administered by the National Mission for Clean Ganga (NMCG)... Read more..

Source: Business Standard

20 more companies from around the globe join The Climate Pledge

Amazon and Global Optimism announced today that 20 new signatories around the world have joined The Climate Pledge: ACCIONA, Colis Prive, Cranswick plc, Daabon, FREE NOW, Generation Investment Management, Green Britain Group, Hotelbeds, IBM, Iceland Foods, Interface, Johnson Controls, MiiR, Orsted, Prosegur Cash, Prosegur Compañia de Seguridad, Slalom, S4Capital, UPM, and Vanderlande. With the addition of the new signatories, 53 companies across 18 industries and 12 countries have committed to working toward... Read more..

Source: Amazon Sustainability

CERC norms: ‘Market coupling’ mechanism for spot power market gets a leg-up

The Central Electricity Regulatory Commission (CERC) has introduced the ‘market coupling’ mechanism for spot power trading, a move which could align spot prices within same geographical areas and time slots, and encourage exchanges to attract consumers via improved quality of supply, payment flexibility, etc. The move is seen to dent the market dominance of the Indian Energy Exchange (IEX), where currently around 94% of the spot market transactions take place and catalyse formation of new exchanges. A... Read more..

Source: Financial Express