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Sustainability Outlook Headlines
Tata Power to hive off green energy biz, may get PEsTata Power, the utilities arm of India's largest business group, will spin off its clean energy business into an independent unit with a separate strategic focus. The company will bring its 500MW of renewable energy assets, including wind and solar, under a new subsidiary called Tata Power Renewable Energy. The restructuring, subject to regulatory and shareholder approval, will pave the way for private equity (PE) investors in Tata Power Renewable Energy as the parent seeks funds to ramp up capacity of the clean energy arm through greenfield projects and also through acquisitions.... Read more.. Date : Nov 16 Source: The Times of India
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Climate Hustle, Latest Global Warming Denial Documentary, Set For World Premiere In Paris During COP21Starting on November 30 and lasting until December 11, the 21st Conference of the Parties (COP21), i.e. the annual meeting of all countries that want to take action for the climate, will meet in Le Bourget, France. They are meeting to try and agree to a global legally binding climate treaty to keep global warming below 2 degrees Celsius, which is the agreed upon target that scientists say the world cannot exceed if we are to avoid catastrophic runaway climate change. Arriving at the end of the meeting are climate deniers from Heartland Institute, Committee for a Constructive... Read more.. Date : Nov 16 Source: Republic Report
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Apps to warn against capital's deadly airIf you want to plan your day according to the city's air quality, there are now apps to give you this data instantly. Greenpeace India, an environmental NGO, recently launched an app that not just gives you real-time air pollution levels from a monitoring station near you, but also issues a health advisory tailored for different age groups. The Clean Air Nation app by Greenpeace can be downloaded from the Google Play store at: https://play.google.com/store/apps/details?id=io.gonative.android.robzl... Read more.. Date : Nov 16 Source: The Economic Times
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Soon, windmill project in Jaisalmer to power trainsNow, trains in state are set to run on wind energy. To promote non-conventional energy sources, the Railways with an investment of Rs 160 crore has set up wind power project at Dangri village at Fatehgarh sub-division of Jaisalmer district. The 25MW project is ready for generating power and is likely to be inaugurated by Union rail minister Suresh Prabhu on November 22. According to high official sources of railway electrical section, the Union rail ministry to reduce diesel consumption and fuel expenses, is working on an action plan for running engines and trains on non-... Read more.. Date : Nov 16 Source: The Economic Times
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Indian Railways To Issue Green BondsOne of the world’s largest rail networks is planning to raise funding through green bonds to finance development of renewable energy infrastructure. Indian Railways is expected to issue its first green bonds to finance project development in accordance with the capacity addition targets announced this year. According to officials of the Ministry of Railways, details about the green bonds issuance are being worked out and will soon be made... Read more.. Date : Nov 16 Source: Clean Technica
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Pre-COP21 Meeting Jumps Some Review and Finance HurdlesHigh-level government officials and ministers from more than 70 countries attended a meeting Monday and Tuesday of this week. It served as a precursor to the upcoming 21st session of the Conference of the Parties to the UN Framework Convention on Climate Change. The pre-COP21 meeting aimed to “provide the necessary political guidance to the ADP negotiating process and to come up with proposals for common ground on some of the key political issues... Read more.. Date : Nov 16 Source: Clean Technica
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Modi plans to make India a leader in solar, renewable energyThe start of direct flights between Ahmedabad and London, simplification of the rule governing Overseas Citizens of India and Persons of Indian Origin, and tackling concerns of the Sikh community in the UK, were among the announcements and pledges made by Prime Minister Narendra Modi at an event at Wembley stadium on Friday evening, ending the second day of his brief but intensive trip to the UK. In an hour-and-a-half long speech in Hindi, punctuated by applause from the 35,000-odd crowd that had gathered for the event, Modi covered an extensive range of topics - from the government... Read more.. Date : Nov 16 Source: The Hindu Business Line
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Modi set to agree smart cities partnership with UKThe UK and India are set to agree a new partnership to develop three smart cities in India, as part of Indian Prime Minister Narendra Modi's three-day visit to London, which begins today. The announcement is expected to be just one of many lucrative trade deals likely to be agreed between the two countries during Modi's time in the UK, which will focus on deepening economic ties between the two countries. It is the first visit to the UK by an Indian prime minister for a decade. British Prime Minister David Cameron said the trip marked an "historic opportunity" for the two... Read more.. Date : Nov 13 Source: Business Green
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UK-India trade deal to include multi-billion pound solar and hydrogen fuel cell investmentsBritish companies are set to confirm multi-billion pound investments into India's clean power sector today as part of a £10bn trade package signed by Indian prime minister Narendra Modi during a three-day trip to the UK. The deal will include a £2bn investment by Lightsource Renewable Energy that will see the company design, install and manage around 3GW of solar power infrastructure in India over the next five years. Lightsource says the deal will create around 300 jobs and £42m of revenue in the UK, as well as benefiting hundreds of families in India. Lightsource Renewable... Read more.. Date : Nov 13 Source: Business Green
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Tandem Perovskite-Silicon Solar Cell Efficiency Record BrokenA new tandem solar cell featuring monolithic perovskite and silicon has produced electricity with record efficiency, reports Helmholz-Berlin. “Teams from the Helmholtz-Zentrum Berlin and École Polytechnique Fédérale de Lausanne, Switzerland, have been the first to successfully combine a silicon heterojunction solar cell with a perovskite solar cell monolithically into a tandem device.” THZB reports this hybrid tandem cell has shown an efficiency of 18%, and... Read more.. Date : Nov 13 Source: Clean Technica
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‘Climate action’ website launchedIndia today launched a comprehensive website detailing its plans to cut greenhouse gas emissions in a transparent manner, ahead of the global climate change summit scheduled to begin in Paris on November 30. Announcing this here, Union Minister of Environment, Forest and Climate Change Prakash Javadekar said the website (www.justclimateaction.org) offers a ‘preview’ of the country’s climate action plan that aims to reduce carbon emission intensity by 35 per cent by 2030. “For the first time in the world, a developing country has... Read more.. Date : Nov 13 Source: The Hindu Business Line
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IL&FS Energy to raise solar power capacityIL&FS Energy Development Co Ltd, the power generation and infrastructure development arm of Infrastructure Leasing & Financial Services Ltd, proposes to rapidly ramp up its solar power generation capacity. “After having done about 1,004 MW in wind energy, we now want to ramp up in the solar space. The structuring, and in what way it will be done, is being discussed internally,” Sunil Wadhwa, Managing Director, IL&FS Energy, told BusinessLine. Win-win situation “We believe there is a good market for selling solar power directly to... Read more.. Date : Nov 13 Source: The Hindu Business Line
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Carbon dioxide levels hit record high: WMOCarbon dioxide concentrations have reached a crucial level. The World Meteorological Organization (WMO), in an annual accounting of greenhouse gas concentrations in the atmosphere, reported that average levels of carbon dioxide exceeded 400 parts per million in the early months of 2015, a rise of 43 percent over pre-industrial levels. The report was compiled data from 125 monitoring stations by the WMO’s Global Atmospheric Watch program. Atmospheric carbon... Read more.. Date : Nov 13 Source: DNA India
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Dewas water supply project to be recastThe Madhya Pradesh government is planning to restructure India's first water supply project dedicated to industrial units at Dewas. The project will allow a private player to lift water from an intake well on the Narmada-Kshipra river link nearby. State government sources said the project would be re-auctioned through the Swiss Challenge method, allowing the existing supplier a first right of refusal, after a Cabinet nod. Welspun Projects is operating the project but does not have sufficient water supply. "The project will be restructured soon once the Cabinet okays it," a... Read more.. Date : Nov 13 Source: Business Standard
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Govt. okays project for Rs.295-crore garbage plantThe government’s Public-Private-Partnership (PPP) cell has okayed a Rs.295-crore solid waste treatment plant in Brahmapuram. The cell has given in-principle approval for the financial and technical proposals submitted by one of the companies that participated in the tender process. The Hindu has learnt from senior officials close to the development that the government order on awarding the contract is expected soon. The proposed plant will adopt the waste-to-energy technology. Kerala State Electricity Board has given a letter agreeing to purchase power generated from... Read more.. Date : Nov 13 Source: The Hindu Business Line
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Coal India has created more green cover than it has destroyedAn arm of State-owned Coal India Ltd (CIL) claims that the organisation’s afforestation efforts have more than made up for the deforestation caused by its mining activities. For the sceptical, a recent satellite survey by the Hyderabad-based National Remote Sensing Centre, an arm of the Indian Space Research Organisation, offers proof. “For every hectare of forest damaged or destroyed by mining activity, we have recreated 2.5 times of forest,” said AK Debnath, Chairman and Managing Director of the Central Mine Planning and Design Institute Ltd (CMPDI). CMPDI is a... Read more.. Date : Nov 13 Source: The Hindu Business Line
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Centre clarifies on Swachh Bharat cessThe Finance Ministry on Thursday clarified that the Swachh Bharat cess will come into effect on November 15, at the rate of 0.5 per cent on all services that are presently liable to service tax. This will translate into a tax of 50 paisa on every ₹100 worth of taxable services, a release said. The proceeds from this cess will be used to finance and promote Swachh Bharat initiatives, it said, adding that the provisions including those related to computation of taxable value, assessment, exemption, payment, penalty applicable to service tax would also apply in respect of the new cess... Read more.. Date : Nov 13 Source: The Hindu Business Line
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India Is Caught in a Climate Change QuandaryIndia is home to 30 percent of the world’s poorest, those living on less than $1.90 a day. Of the 1.3 billion Indians, 304 million do not have access to electricity; 92 million have no access to safe drinking water. And India is going to be hammered by climate change. The livelihoods of 600 million Indians are threatened by the expected disruption of the southwest monsoon from July to... Read more.. Date : Nov 12 Source: The New York Times
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India Sees Clean Cooking as Climate Action That Saves LivesKamlesh feeds the flames of a crude clay cookstove with kindling, kerosene and sunbaked discs of cow dung. She breathes in the billowing smoke, as she does for hours every day. Her eyes water and sting. Her throat feels scratchy and sore. Kamlesh is one of hundreds of millions of Indian housewives who, with the simple act of cooking family meals, fill their homes every day with deadly airborne pollutants. The constant exposure to indoor air pollution kills some 4.3 million people every year... Read more.. Date : Nov 12 Source: ABC News
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Green bond issues surpass 2014 total to set new recordThe green bond market has edged past last year's record issuance with almost $36.7 billion of new issues so far this year, and more believed to be on the way. Date : Nov 12 Source: Environmental Finance
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India makes strong pitch for climate finance ahead of Paris climate summitWith the world expecting to sign a global climate deal in Paris next month, India on Tuesday said that the crucial issue of post-2020 finance would be fundamental to the success of the climate summit in the French capital where the countries would hopefully arrive at an agreement next month. The issue where rich nations are supposed to contribute to the Green Climate Fund (GCF) - a multilateral fund to help poor and developing countries fight climate change - is currently revolved around nature of contribution and beneficiaries. Articulating India's point of view on this... Read more.. Date : Nov 12 Source: The Economic Times
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Solar Car Built By 63-Year-Old Dropout Going Across IndiaA 63-year-old man by the name of Syed Sajjad Ahmed is planning to make an incredible 1,740-kilometer (~1080-mile) journey from Bengaluru to Delhi, India, in a self-made solar-powered vehicle over the coming months, according to recent reports. The exact journey that the Kolar native will make will be from Raj Bhavan in Bengaluru, to Rashtrapati Bhavan in Delhi. The trip will go through “Hindupur, Ananthpur, Kurnool, Mahaboobnagar, Hyderabad, Bhopal, Itarsi, Jhansi and Agra.” The plan is apparently for Syed to arrive in Delhi just in time for the India International Science... Read more.. Date : Nov 12 Source: Clean Technica
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India Likely To Beat Wind Energy Capacity Addition Target For 2015-16Favourable regulatory environment and eased lending is expected to deliver better than expected capacity addition in India’s wind energy sector. Indian rating agency ICRA expects that 2.8 GW of wind energy capacity will be added in the current financial year, between April 2015 and March 2016. This will be 20% higher than the capacity added during the previous financial year, and 16.7% more than the targeted capacity addition of 2.4 GW.... Read more.. Date : Nov 12 Source: Clean Technica
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Indian States Agree To Abolish Charges On Renewable Energy TransmissionIndia plans to have an installed renewable energy capacity of 175 GW by March 2022. But this target cannot be achieved without a widespread transmission network, as not all Indian states are equally blessed with renewable energy resources. Last month, the Indian Minister for Power, Coal, and Renewable Energy announced that his department is planning to remove the charges levied on inter-state transmission of electricity from renewable energy projects. ... Read more.. Date : Nov 12 Source: Clean Technica
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Solar Costs Continue To Plunge GloballyTwo stunning auction results in India and Chile in the last week have underscored the extraordinary gains that large-scale solar has made against its fossil fuel competitors. In both countries, solar is now clearly the cheapest option compared to new coal-fired power stations. In Chile, where the auction was open to all technologies, fossil fuel projects did not win a single megawatt of capacity. And the auction produced the lowest ever price for unsubsidised solar – US6.5c/kWh. In India, US firm SunEdison won the entire 500MW of solar capacity on auction in the state of... Read more.. Date : Nov 12 Source: Clean Technica
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