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Sustainability Outlook Headlines
New renewable energy policy soonUnder the proposed policy, land acquisitions and conversions from agricultural to non-agricultural use would be simplified for those setting up solar plants, said G V Balaram, Managing Director, Karnataka Renewable Energy Development Limited (KREDL). The draft policy has been submitted to the government. “Entrepreneurs who are putting up solar plants need not wait for land conversion from agricultural to non-agricultural purposes. We know that setting up solar energy plants is land intensive, we have liberalised the norms,” he said. He was speaking at a plenary session on ‘Energy... Read more.. Date : Dec 2 Source: Deccan Herald
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Sebi to make corporate, green bonds investor friendlyThe board of the Securities and Exchange Board of India (Sebi) in its meet on Monday is expected to ease norms for trading in corporate bonds. The regulator is also likely to frame the guidelines to list the so-called green bonds on domestic exchanges. To make the bond market transparent and investor friendly, Sebi will address the issue of listing of such privately placed bonds on the exchange platform for secondary market transactions. Typically, a company issues bonds to a select set of investors to raise funds. The current regulatory regime allows such listing but there... Read more.. Date : Dec 2 Source: The Hindu
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Indian firms line up for Welspun's green projectsHero Future Energies, ReNew Power and Reliance Cleangen are evaluating the renewable energy portfolio of Welspun Enterprises. Welspun Renewables, wholly-owned green energy arm of Welspun Enterprises, is selling equity stakes in its solar and wind power projects. SoftBank, earlier keen to pick up stakes in the projects, has dropped out. Welspun Renewables was raising capital through equity sales, said a person close to development. Persons in the know said domestic and foreign companies were in the fray to invest in Welspun Renewables' projects totalling 400 Mw. Vineet... Read more.. Date : Dec 2 Source: Business Standard
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Solar rooftop systems subsidy will remain at 30%Solar rooftop systems will continue to be subsidized by 30%, despite the Union ministry of new and renewable energy (MNRE)'s June announcement of hacking it by half.
Industry experts are not thrilled about the decision, citing state incompetency in doling out the subsidy on time, possibility of poor quality products from suppliers while leaving manufacturing costs unchanged.
The recent announcement from the ministry mentions that the subsidy comes under the Central Financial Assistance (CFA) scheme and is part of the... Read more.. Date : Dec 2 Source: The Times of India
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World Bank launches $500 mln carbon market schemeThe World Bank on Monday launched a $500 million market-based scheme designed to help developing countries pay for emission reductions and combat climate change. Germany, Norway, Sweden and Switzerland have jointly pledged an initial $250 million to get the so-called Transformative Carbon Asset Facility (TCAF) up and running next year, while the bank hopes further contributions will take the eventual total to $500 mln. The scheme, which will reward countries for reducing emissions by paying a fee for each ton of carbon dioxide (CO2) reduced, was... Read more.. Date : Dec 2 Source: Reuters
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India’s pharma sector pips global growthThe global pharma industry is set to grow at an annual rate of 5% between 2015 and 2020 to cross $1.3 trillion by 2020 while the Indian market is expected to grow over 15% annually in this period, according to a study by UBM India, the Indian arm of London-based media and events company. The report says the global pharma market is currently estimated to be over $1 trillion in value, of which the US accounts for over 40%, followed by the European Union and Japan. The report divides the global pharma market into patented pharma products and generics. Generics currently account... Read more.. Date : Dec 2 Source: Livemint
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TMEIC crosses 1GW of Orders in IndiaTMEIC Industrial Systems India Pvt. Ltd., has announced that with already shipped orders of around 460MW in a span of last 16 months and booked orders for more than 1GW till date, it is now placed among the top 3 inverter suppliers in India’s Utility scale PV market. TMEIC’s state-of-the-art manufacturing plant in Bangalore, India has production capacity of 1GW annually. This factory not only caters to the... Read more.. |
Green Bonds Issuance Nears $40 Billion, Overtakes 2014 TotalThe global green bonds market had another blockbuster month in November, issuing more green bonds than any month so far this year. According to the Climate Bonds Initiative, green bonds worth $7.4 billion were issued during November, topping the October total of $5.19 billion. With the November issuance, the cumulative issuance for the current year also surpassed last year’s total of $36.59 billion, with... Read more.. Date : Dec 2 Source: Clean Technica
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Welspun Group to sell its renewable energy business, appoints Barclays to look for a buyerThe Welspun Group has put its renewable energy business on the block and has appointed British bank Barclays to look for a buyer, two people with direct knowledge of the plan said, as the pipe-to-textile maker seeks to trim debt amid concerns of a fall in solar power prices hurting its margin. “The process has just begun,” said one of the people. “Some overseas strategic investors have shown preliminary interest.” The $3 billion group, controlled by billionaire BK Goenka, generates 494 megawatt (Mw) from renewable sources and has plans to commission 1,000 Mw by the end of fiscal 2016. One... Read more.. Date : Dec 1 Source: The Economic Times
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Advanced Optronic Devices, Syska to set up Rs500 crore LED plant in TelanganaChinese LED light maker Advanced Optronic Devices (China) Co. Ltd. and Pune-based Syska LED Lights Pvt. Ltd. will together set up a LED manufacturing plant in Telangana. Spread across 50 acres, the project will entail an investment of Rs.500 crore and is expected to provide jobs for 2,000 people, a statement from the chief minister K. Chandrashekar Rao’s office said on Monday. The plant will be set up by the Chinese firm’s subsidiary and international sales arm Advanced Optronic Devices International Inc. Part of SSK Group,... Read more.. Date : Dec 1 Source: Livemint
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Sunrise of new hope: Modi, Hollande launch International Solar AllianceForging an effective group of over 100 sunshine countries as a block to get a better deal in the growing renewable energy market, India's Prime Minister Narendra Modi along with French President Francois Hollande on Monday launched an International Solar Alliance on the sidelines of the climate summit. The idea for such an alliance was conceived by Modi in January and thereafter India had pursued the subject with as many as 121 countries which are solar-rich, lying fully or partially between the Tropics of Cancer and Capricorn. The concept of the alliance was to present these... Read more.. Date : Dec 1 Source: The Economics Times
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Gates, Tata, Ambani, Son, partner to introduce climate-friendly technologiesBill Gates and some of the world’s other richest entrepreneurs have joined governments from both rich and emerging countries to kick off the Paris climate talks by pledging billions of dollars of investment in clean energy technologies. The United States, France, India and 17 other countries will announce they will double the $10 billion they collectively spend on clean energy research and development in the next five years, shining a spotlight on role of technology in any climate agreement reached in Paris. US President Barack Obama, French President Francois Hollande and... Read more.. Date : Dec 1 Source: Livemint
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India Mulling Norms For Listing Renewable Energy YieldcosIndian regulatory bodies are planning to allow the listing of yieldcos for renewable energy companies, as investment in the clean energy sector is set to increase rapidly. The Securities and Exchange Board of India (SEBI) has reportedly prepared norms for listing renewable energy yieldcos on the country’s stock exchange. The draft regulations are expected to be discussed internally by SEBI soon, before being put out for public and... Read more.. Date : Dec 1 Source: Clean Technica
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Indian State Of Karnataka Launches 1.2 GW Solar Power TenderThe southern Indian state of Karnataka has launched yet another tender for solar power projects under the state solar power policy. Karnataka Renewable Energy Development Limited has launched a tender calling for proposal to set up a cumulative total of 1.2 GW solar power capacity. Solar power projects will be set up in each of the 60 talukas, or subdivisions, of districts. Each taluka would host projects with capacity between 3 MW and 20 MW, and prospective... Read more.. Date : Dec 1 Source: Clean Technica
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Energy Efficiency Is Least-Cost Means To Limit Global WarmingAn authoritative new study released earlier this week from a consortium of groups led by Fraunhaufer ISI, a German think tank, and funded by ClimateWorks shows how energy efficiency can be a low-cost pathway to keeping global warming to the critical 2 degrees centigrade mark. The report, How Energy Efficiency Cuts Costs for a 2-Degree Future, shows the results of a detailed study of the world’s largest and fastest-growing economies. It finds that, by leveraging energy efficiency as a significant complement to... Read more.. Date : Dec 1 Source: Clean Technica
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An Early Start Sunday For COP21, World Leaders MondayThe 12th part of the second session of the COP21 Ad Hoc Working Group on the Durban Platform for Enhanced Action (ADP 2-12) convened a day early. Sunday evening, November 29, 2015, saw the first Paris session of the ADP, which is the body mainly responsible for forging a unanimous declaration of international will. ADP’s procedural meeting took place on Sunday in order to allow the technical negotiations of COP21 to start right away today (Monday, November 30). These diplomatic sessions take place independently of the appearances by national heads of state. At Sunday’s opening... Read more.. Date : Dec 1 Source: Clean Technica
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NRG Home Solar Partners With Airbnb To Boost Rooftop SolarA new partnership between NRG Home Solar and Airbnb, aimed at helping to increase the amount of rooftop solar installations, will deliver incentives to both existing and new Airbnb members in the form of rebates and/or travel credits. According to the results of a study conducted by... Read more.. Date : Dec 1 Source: Clean Technica
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India will fulfil commitments on climate change, says ModiPrime Minister Narendra Modi on Monday said India would fulfil all its responsibilities with regard to climate change as he met U.S. President Barack Obama on the sidelines of the climate summit in Paris. Mr. Modi, in his meeting with Mr. Obama, also appreciated the openness with which the U.S. President addressed issues with him and said it would help in developing a better understanding. “India will fulfil expectations from it and its responsibilities... the country is working to take forward development and (protecting) environment together,” Mr.Modi said at a joint press... Read more.. Date : Dec 1 Source: The Hindu
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Clean Transportation Policies Could Cut GHG Emissions 29%–40% in Northeastern StatesIn an effort to cut transportation emissions, five states and the District of Columbia have agreed to develop market-based policies to reduce pollution — and such policies could cut carbon pollution between 29 percent and 40 percent in this region, according to a new report by the Georgetown Climate Center. The report was released in conjunction with the announcement from Connecticut, Delaware, the District of Columbia, New York, Rhode Island and... Read more.. Date : Nov 30 Source: Environmental Leader
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Leveraging IoT to Improve EHS ManagementThe internet of things is already being used to drive cost savings and improve efficiencies across industries including waste and water management, green building, ... Read more.. Date : Nov 30 Source: Environmental Leader
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India's Orient Green says loss expanded to USD 10.6m in fiscal H1Indian firm Orient Green Power Co Ltd (BOM:533263) reported a consolidated net loss of INR 710.7 million (USD 10.6m/EUR 10m) for the six months through September 2015, widening from INR 168.1 million a year before. The wind and biomass power plant operator posted INR 2.35 billion in revenue for March-September. In comparison, its top line result stood at INR 2.82 billion in the same six months of 2014. As for in July-September, which is the renewable energy company’s fiscal second quarter, Orient Green turned to a loss of INR 171.4 million from a INR-111-million profit a year... Read more.. Date : Nov 30 Source: SeeNews
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Unilever scales up energy and climate commitmentsConsumer food multinational Unilever, a partner of The Climate Group's campaign RE100, has announced today it is to become ‘carbon positive’ in its operations by 2030 – meaning that it will save more emissions than it produces. To do this, the company will source 100% of its energy from renewables by 2030, source 100% of its electricity purchased from the grid from renewables by... Read more.. |
FinMin raises questions on OECD report on climate change financeAhead of the climate conference in Paris, the Finance Ministry has raised questions over the progress in climate change finance that is aimed at $100 billion a year by 2020. Raising questions about a recent report by the Organisation for Economic Cooperation and Development on the issue, Shaktikanta Das, Secretary, Department of Economic Affairs, has called for a “genuine provision” and not just clever accounting from the developed countries to the developing world. “Need genuine provision of climate change finance from developed to developing countries as per commitment and... Read more.. Date : Nov 30 Source: The Hindu Business Line
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India announces $2.5-mn aid to help poor nations combat climate changeJoining a select group of countries, India today said it will provide $2.5 million for the vulnerable nations in the Commonwealth to help them introduce clean energy and reduce greenhouse gas emissions. The announcement was made on the second day of the biennial summit of the Commonwealth whose membership includes powerful countries like Britain, Australia, Canada, Singapore and small island nations such the Maldives, Tonga and Nauru. “India has announced $2.5 million for the Commonwealth small states trade finance facility. As you are aware, Commonwealth has 31 small states... Read more.. Date : Nov 30 Source: The Hindu Business Line
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World's largest clean tech initiative to kick off at COP21Microsoft co-founder Bill Gates will be joining a group of developing and developed countries on Monday to announce a multi-billion dollar research and development initiative in clean technology at start of the UN climate change summit being held here. The announcement of the Clean Tech Initiative with French President Francois Holland and US President Barrack Obama among several other world leaders, according to the United Nations Conference on Climate Change agenda, will see Gates commit substantial funding from his own personal wealth for the clean energy research and development... Read more.. Date : Nov 30 Source: Buffalo Breeze
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