Sustainability Outlook Headlines

KPMG launches guide for issuing green bonds

With growing interest and market for ‘green bonds’, KPMG has launched a guide on the process of issuing a green bond. Green bonds are becoming an attractive mechanism for both public and private sector companies to raise capital to fund projects with an environmental benefit such as renewable energy, low carbon transport and forestry projects.
 

Source: Business Standard

India: Transport, domestic sectors ahead in greenhouse gas emissions

Transport and domestic sectors were found to be the biggest emitters of greenhouse gases in a study done in seven of India's major cities.
 
The study, done for the period 2009-2010, shows that while high rise buildings with glass façades, inefficient heating systems and waste mismanagement pushed up emissions from the domestic sector in Kolkata, poor public transport systems in Bangalore and Hyderabad sent vehicular emissions soaring in those cities.
 

Source: IB Times

Air pollution levels in Delhi exceed WHO limit, says govt

The level of air pollution in Delhi exceeds the limits prescribed by the World Health Organisation (WHO), government said in Rajya Sabha on Thursday. The air quality monitoring data for Delhi provided by Central Pollution Control Board (CPCB) indicates that the levels of particulate matter (PM 2.5) exceed the WHO guidelines by a “factor of 7 to 12”, environment minister Prakash Javadekar said.
 

Source: Live Mint

Indus Towers to convert Delhi’s 3,000 street light poles into telecom towers

Indus Towers and its partner telecom operators plan to invest about Rs 220 crore over three years to equip 3,000 street light poles in the entire New Delhi Municipal Corporation (NDMC) area with 2G/3G/4G technologies, with a target of 1,000 poles each year. 
 
The world's largest telecom tower company, which has more than 115,000 towers across India, has won a tender to set up a digital network by way of street lamps across the NDMC area. 
 

Source: Economic Times

The world's most polluting coal plants are identified

New research from the Stranded Assets Programme at the University of Oxford's Smith School of Enterprise and the Environment has identified the least efficient coal-fired power stations in the world.
 
The study which analyses the world's 100 largest 'subcritical company portfolios', those containing with least efficient and most polluting form of coal-fired power stations, has found that 39% of them are in in China, 21% in the US, 10% in the EU, and 9% in India. Over half (59%) are owned by governments globally.
 

Source: Phys.org

The growing debate over electric mobility

Some of the world’s earliest automobiles were electric vehicles (EVs), but by the early 20th century, internal combustion had comprehensively outcompeted them. The success of internal combustion was built largely on two pillars: first, the widespread availability of cheap petrol, and second, the range and convenience afforded by it. Today, both those pillars are crumbling.
 

Source: Auto Car Pro

REConnect Energy launches online renewable energy marketplace

REConnect Energy Solutions, a renewable energy consultancy and sourcing firm, has launched an online marketplace for power consumers and generators to buy and sell green electricity. 
 
The marketplace, clickpower.in, will enable open access customers to explore options to buy green electricity from various energy generators by monitoring real-time deals. 
 

Source: Economic Times

Himachal to light up villages with solar energy

Himachal Pradesh will try to light up three non-electrified villages located in the deep forests of the Great Himalayan National Park Conservation Area, India's richest biodiversity spot in the western Himalayas, through solar energy, Power Minister Sujan Singh Pathania said here on Thursday.
 
"We are planning to install a solar energy plant of 50KV near the villages at an outlay of Rs.80 lakh," he informed the assembly during question hour.
 

Source: Business Standard

Norway Sovereign Fund drops Indian coal mining firms

 The world largest sovereign wealth fund, the Government Pension Fund Global (GPFG) of Norway, has dropped a number of Indian companies from its portfolio as part of its focus on climate change.
 
"In 2014, we continued our review of coal mining, looking especially at mining that is causing particular environmental damage in India and the US," the world richest pension fund said in a report titled 2014 Responsible Investment. "We divested from seven companies involved in such mining," it said.
 

Source: Economic Times

Government discontinues subsidy scheme for green energy

The Narendra Modi government may be quite vocal when it comes to its commitment towards clean energy, but when reality bites, it is seen as taking a back seat. The tight finances have forced the government to silently discontinue one of its key subsidy schemes promoting renewable energy.
 
The share of solar power within the renewable energy space was 8% in FY14 and experts feel that the withdrawal of the subsidy may hamper the desired growth in capacity addition in FY16. The scheme was discontinued with effect from March 1.
 

Source: Economic Times