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Sustainability Outlook Headlines

1 crore people will get LPG connections for free: PM Modi

KOLKATA: Over one crore people in the country will get LPG connections for free under the Pradhan Mantri Ujjwala Yojana. This was revealed by Prime Minister Narendra Modi at Haldia on Sunday while inaugurating a host of projects in the state.

He said in Bengal, over 90 lakh people have got gas under PMUY and, of them, 36 lakh are from the SC/ST category.

On Sunday, Modi dedicated to the nation the 347-km Dobhi-Durgapur natural gas pipeline. This pipeline is a part of the ambitious Pradhan Mantri Urja Ganga project. The Dobhi-Durgapur pipeline has been built at a cost of Rs... Read more..

Source: Economic Times

Business giants' climate disclosure 'clearly inadequate': The new study from environmental law firm ClientEarth

The new study from environmental law firm ClientEarth, reviewed the annual reports of every FTSE 100 firm and the largest 150 companies on the FTSE 250 to assess how companies were disclosing climate-related risk and data amongst mainstream annual filings.

The study found that more than 90% of companies made no reference to climate change and related factors in their financial accounts and audit reports. Only 60% of companies actually refer to climate-related risk as part of the ‘principal risks and uncertainties’ section of their annual report and fewer than 25% reference the... Read more..

Source: EDIE

Garment washing research highlights wool’s eco-credentials

WOOLLEN garments are washed less frequently than clothes made from synthetics, cotton and cellulosic fibres, according to an Australian Wool Innovation-funded scientific study.

The garments made from wool therefore have the least environmental impact of all these fibres during the ‘use phase’ of a garment’s life cycle, AWI said.

The study’s report published last September in the peer-reviewed journal Sustainability, found that garments made from different fibres are cleaned by consumers in different ways and therefore have significantly different environmental impacts... Read more..

Source: Sheep Central

The S&P Global Sustainability Yearbook 2021 shows a record number of participants disclose company ESG data

NEW YORK, Feb. 8, 2021 /PRNewswire/ -- S&P Global (NYSE: SPGI) announced today the release of The Sustainability Yearbook 2021, one of the world's most comprehensive publications providing in-depth analysis on corporate sustainability.

S&P Global Inc. logo

The 2021 selection was based on a record 7,032 companies assessed in the S&P Global Corporate Sustainability Assessments (CSA), which is the basis for the S&P Global ESG Score. S&P Global ESG Scores also form the key factor for selecting companies for the Dow Jones Sustainability Indices (DJSI) and the... Read more..

Source: SP Global

American electric car maker Triton inks pact with BEL to make batteries in India

The New Jersey-based electric car maker Triton has roped in India’s state-owned Bharat Electronics Limited (BEL) to make batteries. The much-awaited memorandum of understanding (MoU) has been signed where Triton will provide the know-how and BEL will make them.
In a written response to Business Insider, Himanshu Patel, Managing Director of Triton EV, said, “we are excited to see the market response from India. Joining hands with BEL will definitely strengthen our commitment towards technology and clean energy driven EV and ESS market. The whole world respects India’s technical... Read more..

Source: Business Insider

212 cr released for procurement of e-buses under FAME-India Scheme

New Delhi: About Rs 212.31 crore has been released for the procurement of electric buses as of January 31 this year under the second phase of FAME-India Scheme, Parliament was informed on Monday. With an aim to promote eco-friendly vehicles, the government had launched the FAME (Faster Adoption and Manufacturing of Hybrid and Electric) India scheme in 2015.

Heavy Industries and Public Enterprises Minister Prakash Javadekar said that the Department of Heavy Industry had invited the Expression of Interest (EoI) from million-plus cities, smart cities, state/UT capitals and cities from... Read more..

Source: Economic Times

Tender process for leasing e-buses cancelled for the third time

For the third time in a row, the Bangalore Metropolitan Transport Corporation (BMTC) has cancelled the tender to lease and operate electric buses under the Centre’s FAME II Scheme (Faster Adoption and Manufacturing of Hybrid and Electric vehicles in India). The Corporation cited high operational costs, the same reason given when the tenders were cancelled in the past.

According to sources, the lowest bidder had quoted ₹65 per km as operational cost payable by the BMTC to the private party to lease buses.

BMTC Managing Director C. Shikha told The Hindu another round of... Read more..

Source: The Hindu

Startup India Seed Fund Scheme

Startup India Seed Fund Scheme (SISFS) has been approved for the period of next four years starting from 2021-22. It will be implemented with effect from 1st April 2021. The Scheme aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. Rs. 945 Crore corpus will be divided over the next 4 years for providing seed funding to eligible startups through eligible incubators across India. The scheme is expected to support about 3600 startups. A number of measures announced under Atmanirbhar Bharat Package... Read more..

Source: PIB

EU sustainable finance rules delayed by gas and biofuel backlash

BRUSSELS/LONDON: The European Union has delayed to late April plans to finalise sustainable finance rules, officials said, in the face of opposition from some member states over gas and biofuels. The European Commission had hoped to publish the final climate portion of a list of "green" economic activities designed to funnel cash into low-carbon projects in January. But a draft in November triggered last-minute pushback from countries seeking to label gas power as sustainable. Thousands of citizen responses also asked the EU to not break the alignment of the rules with its green goals,... Read more..

Source: Economic Times

Amazon orders hundreds of trucks that run on natural gas

Amazon Inc has requested many trucks that operate on compressed natural gaseous petrol as it tests approaches to move its U.S. armada away from heavier polluting trucks. The organization said in an explanation that it is amped up for presenting new feasible answers for cargo transportation and is chipping away at testing various new vehicle types including electric, CNG, and others. Amazon has requested over 700 compressed natural gaseous petrol class 6 and class 8 trucks up until this point, as indicated by the organization. The Covid pandemic made conveyance action flood in 2020, with... Read more..

Source: Tech Story

Study shows significant reduction of heavy metal pollution during COVID-19 pandemic in the Ganga water

Efforts to minimize industrial wastewater can substantially reduce heavy metal pollution in the Ganga water in a short time span of a few months, a study carried out during the COVID-19 pandemic has shown. The COVID-19 pandemic lockdown provided a team of scientists from Indian Institute of Technology Kanpur a rare opportunity to quantify the impact of restricted anthropogenic activities on the water chemistry resilience of large rivers. They analyzed the daily geochemical record of the Ganga River and showed that reduced industrial discharge during 51 days of mandated nationwide lockdown... Read more..

Source: PIB

Delhi govt floats tender to set up 500 EV charging points at 100 locations

New Delhi: Delhi Power Minister Satyendar Jain on Friday announced that the government has floated a tender to set up 500 EV charging points at 100 locations. "Delhi government has floated nation's biggest tender for EV (electric vehicle) charging today, with provision for 500 charging points at 100 locations in Delhi so that EVs can be charged outside homes too," Jain said at a press conference. The estimated timeline to complete the project is one year, he said. Taking to Twitter, he tweeted: "With a vision of Shri Arvind Kejriwal Ji to make Delhi the EV capital of the country, have... Read more..

Source: Economic Times

Pact signed to establish India’s first geothermal field development project in Leh

The pact was signed between Union Territory Administration Ladakh, Ladakh Autonomous Hill Development Council (LAHDC)-Leh and Oil and Natural Gas Corporation (ONGC). A historic tripartite agreement for establishing India’s first-ever geothermal field development project here has been signed, with Ladakh Lieutenant Governor R K Mathur terming it a step towards achieving the goal of carbon-neutral Ladakh. The pact was signed between Union Territory Administration Ladakh, Ladakh Autonomous Hill Development Council (LAHDC)-Leh and Oil and Natural Gas Corporation (ONGC) Energy Centre in... Read more..

Source: The Hindu

Bank of Japan policy hurts sustainable finance

In recent months, the Nikkei stock average recorded its highest levels in 30 years. The remarkable stock performance contrasts with the fragile economic conditions caused by the second state of emergency declaration in Tokyo and nine other prefectures amid the highest number of infections and deaths since the outbreak of the COVID-19 pandemic. The yen’s persistent appreciation since the middle of last year is also hurting Japanese firms’ foreign profits valued in yen. Japan’s stock prices quickly rebounded after plummeting last March as the pandemic took hold. The major driver is higher U.... Read more..

Source: Japan Times

Four solar companies seek special incentives to invest close to Rs 1.5 lakh cr in Rajasthan

Jaipur: Four firms have sought special incentives from the state government to put up 34,200 MW solar projects and a component manufacturing facility having capacity for 2,000 MW. If approved, these projects are estimated to bring in investments of close to Rs 1.50 lakh-crore, including revenues of about Rs 10,000 crore to the government while generating employment for over 16,000 people, as per the proposals of the companies. Adani, Renew Power and Greenco have given 3-5 year deadline to bring these project on-stream. JSW has sought 10 year period. Collectively, they have sought 80,000... Read more..

Source: Economic Times

1st India-Bahrain Joint Working Group meeting in the field of Renewable Energy

The 1st meeting of the Joint Working Group in the field of Renewable Energy between India and the Kingdom of Bahrain held yesterday in virtual format. H.E. Dr. Abdul Hussain bin Ali Mirza, President of Sustainable Energy Authority led the Bahraini delegation. The Indian delegation was led by H.E. Mr. Dinesh Dayanand Jagdale, Joint Secretary, Ministry of New & Renewable Energy. H.E. Sh. Piyush Srivastava, Ambassador of India to the Kingdom of Bahrain also participated in the meeting. A Memorandum of Understanding between India and Bahrain was signed in July 2018 for promoting bilateral... Read more..

Source: PIB

UltraTech plans $400-m overseas bond issue

MUMBAI: Birla-owned UltraTech Cement NSE 1.99 %, India’s largest cement producer, is tapping the overseas bond market for the first time amid signs of improving demand for construction works and growing environmental concerns over cement manufacturing. The company launched a roadshow to raise up to $400 million via overseas bond sales on Thursday. The proposed bond sale assumed significance as these bonds are marked as ‘sustainable’ or ESG (Environmental, Social and Governance) in market parlance raised by a cement company that emits pollutants at the time of manufacturing. The bonds are... Read more..

Source: Economic Times

Andhra Pradesh receives solar bids for 6,400 MW at Rs 2.48/kWh

HYDERABAD: Andhra Pradesh said it has received bids for 6,400 megawatts of solar power plants at a low tariff of Rs 2.48 per kilowatt an hour (kWh) through reverse tenders and that it has ensured savings of Rs 3,800 crore in the first year. In a late Thursday statement, the state government said it expects to save Rs 50,000 crore during the project’s concession period of 30 years, helping it to successfully meet the subsidy burden on account of the supply of free power to farmers. The Adani Group has bid for six projects aggregating to 3,000 MW, while other companies that submitted bids... Read more..

Source: Economic Times

Arvind Kejriwal launches 'Switch Delhi' campaign to promote electric vehicles

New Delhi: Chief Minister Arvind Kejriwal on Thursday launched the 'Switch Delhi' campaign to promote electric vehicles and appealed to people to buy such vehicles to combat pollution in the city. Kejriwal said his government will hire only electric vehicles for various purposes in the next six weeks. He asked delivery chains and big companies, resident welfare associations, market associations, malls and cinema halls to promote electric vehicles and set up charging stations at their premises. "I also want to appeal to the youth to buy an electric vehicle as their first vehicle." He... Read more..

Source: Economic Times

Government announces a Special Package for garments and made-ups sectors to promote the textile exports

Government announced a Special Package for garments and made-ups sectors to promote the textile exports,. The package offers Rebate of State Levies (RoSL), labour law reforms, additional incentives under Amended Technology Upgradation Fund Scheme (ATUFS) and relaxation of Section 80JJAA of Income Tax Act. The RoSL scheme has been replaced by the RoSCTL (Rebate of State and Central Taxes and Levies) scheme w.e.f 7th March 2019. The Government decided to continue the RoSCTL (Rebate of State and Central Taxes and Levies) scheme until such time the RoSCTL scheme is merged with Remission of... Read more..

Source: PIB

Cleaner Fuel(PNG) Made Available to all identified industrial Units in Delhi

The newly formed Commission for Air Quality Management in National Capital Region and its Adjoining Areas took upon the switching over the industrial units in Delhi to cleaner fuels as one of the priority action item. In this pursuit,1627 industrial units spread across 50 industrial areas in Delhi were identified to switch over to Piped Natural Gas (PNG).Periodic follow-up was conducted with M/s GAIL, IGL and Government of NCT of Delhi. PNG has now been made available at the doorstep of all these 1627... Read more..

Source: PIB

Boost to Green and Clean Urban Mobility

During her Budget speech, the Hon’ble Finance Minister announced JAL JEEVAN MISSION (URBAN) which has been designed to provide universal coverage of water supply to all households through functional taps in all 4,378 statutory towns in accordance with SDG Goal- 6. Providing coverage of sewerage/septage management in 500 AMRUT cities is the other focus area. The Finance Minister also announced that Swachh Bharat Mission (Urban) 2.0 will be launched under the “Health and Wellbeing”vertical. The Finance Minister further said that a Scheme to induct over 20,000 city buses in 5 lakh plus cities... Read more..

Source: PIB

Namami Gange first program in India to link Wetland Conservation to Basin Management Plan: Union Jal Shakti Minister

National Mission for Clean Ganga (NMCG), Ministry of Jal Shakti and India Water Foundation (IWF), celebrated World Wetland Day 2021, to raise awareness about conservation and rejuvenation of Wetlands. This year’s World Wetland Day theme shines a spotlight on wetlands as a source of freshwater and encourages actions to restore them and stop their loss. Highlighting the interconnectedness of all water bodies and their role in maintaining each other’s Aviralta (e-flow) and Nirmalta (cleanliness), Shri Gajendra... Read more..

Source: PIB

CSIR – CMERI dedicates Solar – Biodiesel Minigrid System to Nation

CSIR-CMERI-Centre of Excellence for Farm Machinery has developed Off-gridSolar Biodiesel Hybrid Minigrid of 50kW peak capacity system for providing 24X7 power to Center for Excellence in Farm Machinery (CoEFM) Residential Colony at Gill Road, Ludhiana (Punjab). Prof. (Dr.) Harish Hirani, Director, CSIR - CMERI inaugurated the system on 1st February 2021. Speaking on the occasion Prof. Hirani said that currently major share of the installed power capacity of our country is from fossil fuelsources like coal,... Read more..

Source: PIB

Union Ministers jointly launch Unified Portal of Gobardhan to promote Gobardhan scheme and track real time progress

Union Minister, Agriculture and Farmers Welfare and Rural Development, Shri Narendra Singh Tomar; Union Minister of Petroleum,Natural Gas and Steel, Shri Dharmendra Pradhan;Union Minister of Fisheries, Animal Husbandry and Dairying, Shri Giriraj Singh; Union Minister for Jal Shakti, Shri Gajendra Singh Shekhawat and Union Minister of State, Jal Shakti, Shri Rattan Lal Kataria today jointlylaunched the Unified Portal of Gobardhanhere today.Secretary, Ministry of JalShakti; Secretary, Department of Animal... Read more..

Source: PIB