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Sustainability Outlook Headlines

Odisha approves 10 projects worth Rs 2171 cr; Renewable energy, ethanol in focus

State Level Single Window Clearance Authority (SLSWCA) meeting held on Saturday under the Chairmanship of Chief Secretary Suresh Chandra Mahapatra accorded in-principle approval to 10 industrial investment proposals envisaging investment of around Rs 2171.82 crores and direct employment opportunities for 5,242 persons in the state.

Besides, the projects will create many more indirect employment opportunities and will enhance economic activities in different parts of the State.

Giving an in-principle nod to the proposals, Chief Secretary Mahapatra directed the IDCO to do a... Read more..

Source: Economic Times

PepsiCo India launches 'tidy trails' in Mathura

Mathura, Sep 5 (IANS) PepsiCo India, in partnership with United Way Delhi, and as part of Swachh Bharat Mission, has launched "Tidy Trails" - a special initiative to sustainably manage post-consumer plastic waste in Mathura-Vrindavan.

The initiative was flagged off on Sunday and a dedicated mobile van has been deployed that will visit more than 400 shops to create awareness and collect post-consumer plastic waste.

The initiative aims to encourage and empower local citizens to keep their environment clean and set an example to inspire all members of communities.

Tidy... Read more..

Source: SIFY

RIL to invest 75,000 cr in Jamnagar for green energy complex, says Mukesh Ambani

Billionaire Mukesh Ambani-led Reliance Industries is investing a massive corpus of Rs 75,000 crore in green energy solutions. Ambani, speaking at the International Climate Summit 2021, said that Reliance has already started developing the green energy complex in Jamnagar, which will include four Giga factories for solar cells, advanced battery storage systems, hydrogen manufacturing, and hydrogen fuel cells.

Reliance lays roadmap to create 5,000-acre green energy Giga complex

Ambani said that Reliance has already started the development of Dhirubhai Ambani green energy Giga... Read more..

Source: Firstpost

Social cost of 2019's plastic more than GDP of India

The pollution, emissions and clean-up costs of plastic produced in 2019 alone could be $3.7 trillion, according to a report released Monday by wildlife charity WWF, warning of the environmental and economic burden of this "seemingly cheap" material.

"Plastic appears to be a relatively cheap material when looking at the market price primary plastic producers pay for virgin plastic," said the report Plastics: The cost to society, environment and the economy, produced for WWF by the consultancy Dalberg.

Source: Herald Sun

Green Hydrogen central to energy transition and fight against climate change

Green hydrogen, together with renewable energy, is central to India’s energy transition and the global effort to tackle climate change.

India’s renewable energy capacity is increasing but “it can help the abatement of 45 to 50 per cent of carbon dioxide emission, this is where green hydrogen comes in,” said Science and Technology Minister Jitender Singh addressing the inaugural session of the International Climate Summit, 2021.

Giving practical basis to the plan to focus on hydrogen as part of the clean energy transition was the mainstay of the day-long conference, organized... Read more..

Source: Economic Times

Small solar power projects: 2,605 applications for one-time exit

Gujarat Urja Vikas Nigam Limited (GUVNL) has received 2,605 applications for the one-time exit option offered by the state-run power utility to small-scale solar power developers. These applications represent solar power projects with the aggregate generation capacity of 1,546.45MW.

However, 1,400 applicants with the cumulative capacity of 955MW have not applied for the exit option. They will continue to set up solar projects in Gujarat under the state’s policy for the development of small-scale distributed solar projects (SSDSP-2019), said sources aware of the developments.

... Read more..

Source: Economic Times

India, UK agree investment boost at Economic and Financial Dialogue

New steps to tackle climate change and boost investment were announced on Thursday at the 11th India-UK Economic and Financial Dialogue (EFD).

Finance Minister Nirmala Sitharaman and UK Chancellor Rishi Sunak, who met virtually for the annual summit, signed off a USD 1.2-billion package of public and private investment in green projects and renewable energy to boost India's green growth ambitions.

This includes a USD 1 billion investment from CDC, the UK's development finance institution in green projects in India, joint investments by both governments to support companies... Read more..

Source: Business Standard

Tariffs for pure wind projects trend downwards as ReNew, Sembcorp, Evergreen discover ₹2.69

In a positive development for the struggling wind energy industry, tariffs for pure wind projects trended downwards as ReNew Power, Sembcorp, Evergreen Power, Adani, and Azure Power emerged winners in Solar Energy Corporation of India's (SECI) 1200 megawatt (MW) tranche XI tender.

ReNew (300 MW), Sembcorp's wholly-owned subsidiary Green Wind Infra Energy (180 MW), and Evergreen's Anupavan Renewables (150 MW) won their bids at ₹2.69 per unit, while 450 MW went to Adani at ₹2.70.

Azure was allotted the remaining 120 MW at ₹2.70, even though they had bid for 300 MW.

Source: Economic Times

CESL launches electric two-wheeler sales scheme in Kerala

Convergence Energy Services Limited (CESL), a wholly owned subsidiary of Central government entity Energy Efficiency Services Limited (EESL), on Wednesday launched an electric two-wheeler sales scheme in Kerala.

With the roll-out, the State also became the first user of the digital marketplace — MyEV (www.myev.org.in) — for booking and buying electric two-wheelers.

Electricity Minister K. Krishnankutty launched the electric two-wheeler programme and digital marketplace. In the first stage, the programme is custom-designed for State... Read more..

Source: The Hindu

Draft open access norms can be a tailwind for new renewable projects: CRISIL

The Draft Electricity (promoting renewable energy through Green Energy Open Access) Rules, 2021, announced by the Ministry of Power, if implemented, could improve the certainty of cash flows for new renewable energy projects coming up through this route, said CRISIL Ratings on Thursday.

“Given the government’s target of installing 450 GW of renewable capacity by 2030, the draft rules, if finalised, would be a timely measure as these can provide a fillip to open access renewable energy capacity addition,” said Aditya Jhaver, Director, CRISIL Ratings.

He added that considering... Read more..

Source: Economic Times

Communique Adopted in the BRICS Energy Ministers Meeting

We, the Ministers of Energy and Heads of Delegations of the Federal Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the Republic of South Africa virtually met at the Sixth Meeting of the BRICS Energy Ministers under the Presidency of the Republic of India on 2ndSeptember2021.
We acknowledge the crucial role of energy in promoting social and economic development, as well as environmental protection. While recognizing that the energy transition of each country is unique according to national circumstances, weunderscore the prime... Read more..

Source: PIB

CESL launches scheme for sale of electric two-wheelers in Kerala

State-run Convergence Energy Services Ltd (CESL) on Wednesday launched a scheme for the sale of two-wheeled electric vehicles (EVs) for Kerala government employees.

“The programme is custom-designed for employees of the Government of Kerala, and vehicles are made available by CESL through its relationship with vehicle manufacturers," a CESL statement said.

This comes in the backdrop of CESL calling bids for procuring 100,000 electric three-wheelers with an estimated cost of ₹3,000 crore, in the largest such global tender. CESL’s parent firm Energy Efficiency Services Ltd (... Read more..

Source: Live Mint

Solar developers step up panel imports as removal of safeguard duty cuts costs

Solar panel prices that rose consistently over the last one year due to various constraints in the supply chain have seen a dip of around Rs 2.5 per Watt peak or up to 15% after the safeguard duty on imports ended on July 31.

Close to 3000 MW of ground mounted and around 300 MW of rooftop solar projects that were held-up have moved ahead, with companies placing orders with panel suppliers from China, South Korea, Vietnam and Taiwan for the next quarter, said industry officials. There is a none-month available for developers before the basic customs duty on panel imports kicks in... Read more..

Source: Financial Express

Tatas against any cut in EV import duty for Tesla

The Tata Group, which leads the electric car market in India, has opposed a cut in import duty on electric cars — as demanded by Elon Musk and his company Tesla — saying that the move “goes contrary” to the government’s FAME (Faster Adoption and Manufacturing of Hybrid and Electric vehicle) policy, which seeks localisation and indigenisation of green vehicles.

Shailesh Chandra, president of Tata Motors passenger vehicles business unit, said incentivising of localisation remains the key to drive higher adoption of electrics and making them affordable, and thus efforts should be made... Read more..

Source: Economic Times

Shakti Pumps eyes Rs 2,000 cr topline in FY22 on significant demand revival

Solar water pump maker Shakti Pumps expects to more than double the topline to Rs 2,000 crore this fiscal on the back of more adoption of its products by farmers which is being driven by the heavy central and state subsidies that run up to 90 per cent.

The company closed FY21 with a topline of Rs 930 crore, which was nearly three times its previous year revenue. Of the past year revenue, Rs 560 crore came in from solar engineering, procurement and construction (EPC) business (setting up the full unit) and Rs 180 crore from exports, Dinesh Patidar, chairman and managing director of... Read more..

Source: Economic Times

ADM Announces Industry’s First Net Carbon Neutral Milling Operations

CHICAGO--(BUSINESS WIRE)-- ADM (NYSE: ADM) announced today that the company has achieved net carbon neutral status for its U.S. flour milling operations. This accomplishment is an industry first of its kind and scale. The company has 22 mills around the U.S. that process wheat, sorghum and corn into flour.

ADM achieved net carbon neutral status at its U.S. mills through a combination of energy efficiencies, purchase of renewable energy certificates, and sequestration of carbon dioxide at the company’s commercial carbon capture and storage facility.

“Consumers increasingly... Read more..

Source: ADM

Regulators Intensify ESG Scrutiny as Greenwashing Explodes

The heat was really turned up last week when the U.S. Securities and Exchange Commission and BaFin, Germany’s financial regulator, initiated a probe into allegations that Deutsche Bank AG’s DWS Group asset-management arm has been misstating the environmental—and possibly the social—credentials of some of its ESG-labeled investment products. Regulators have signaled the review is at an early stage, and DWS has rejected claims it overstated ESG assets.

Since then, researchers have raised questions about the credentials of money managers who claim they are marketing funds designed to... Read more..

Source: Bloom Berg

IIT Ropar’s startup company introduces World’s first ‘Plant based’ smart air-purifier “Ubreathe Life”

Budding scientists of Indian Institutes of Technology, Ropar and Kanpur and Faculty of Management Studies of Delhi University have developed a living-plant based air purifier “Ubreathe Life” that amplifies the air purification process in the indoor spaces. These indoor spaces can either be hospitals, schools, offices and your Homes.

IIT Ropar’s startup company, Urban Air Laboratory, that has developed the product claims it to be world’s first, state-of-the art ‘Smart Bio-Filter’ that can make breathing fresh. It has been incubated at IIT Ropar, which is a designated iHub - AWaDH (... Read more..

Source: PIB

It'll be mandatory for automakers to offer biofuel vehicles in 6 months'

Union Minister Nitin Gadkari on Tuesday said India will make it mandatory for auto manufacturers to offer vehicles running 100 per cent on bio-fuels in the next six months.

Such a move will be cost-effective for consumers, who are hassled by the high petrol prices, the minister said, pointing out that a litre of bioethanol costs Rs 65 as against Rs 110 paid for petrol. The alternative fuel is also less polluting and saves forex.

"We are committed to delivering vehicles with flex engine norms. We have taken a decision, we will make it mandatory by which there will be a flex-... Read more..

Source: Business Standard

MSEDCL must give 40% subsidy on solar rooftop panels: Consumers

Power consumers, especially those from housing societies in Navi Mumbai and Thane, have demanded that MSEDCL avail of Central subsidy up to 40% on solar rooftop panel installations, which it can pass on to consumers who can then save Rs 800-2,400 in bills every month.

Last week, BEST, Adani Electricity and Tata Power announced this scheme for their consumers in Mumbai. The subsidy is an initiative of the Union ministry of renewable energy and is being availed by most states. However, MSEDCL, which supplies electricity to the largest base of consumers – over 2.6 crores in Maharashtra... Read more..

Source: Economic Times

REC seeks shareholders nod to raise up to Rs 85K cr via bonds, debentures

State-owned REC will seek shareholders' approval to raise up to Rs 85,000 crore through issuance of non-convertible bonds or debentures next month.

The funds would be raised on private placement basis in one or more tranches, according to the notice for 52nd Annual General Meeting (AGM) to be held on September 24, 2021.

"It is proposed to pass a special resolution to enable the company to raise funds through private placement of unsecured/secured non-convertible bonds/debentures up to Rs 85,000 crore, during a period of one year (from September 23, 2022)," the notice said.... Read more..

Source: Business Standard

EV makers should give 'significant discount' to buyers who have scrapped old cars, says Gadkari

Electric vehicle manufacturers should offer significant discount to buyers who have scrapped their old cars that were powered by internal combustion engines, Union minister Nitin Gadkari said on Tuesday.

The Road Transport and Highways Minister also said the government intends to have Electric Vehicle (EV) sales penetration of 30 per cent for private cars and 70 per cent for commercial vehicles by 2030.

Addressing a virtual event, he said the government has planned to shift public transport and logistics to 100 per cent electric but did not provide specific details in this... Read more..

Source: Economic Times

Reliance looks to acquire Europe’s largest solar panel manufacturer

Reliance Industries is close to acquiring Europe’s largest solar panel manufacturer, REC Group. The Mukesh Ambani-helmed company is likely to acquire the company for $1-1.2 billion from China National Chemical Corp (ChemChina). RIL that has big plans for green energy will be able to access top-notch technology and global manufacturing capabilities through the deal.

RIL is also in talks with global lenders to raise $500-600 million in acquisition financing for the transaction, stated a report in The Economic Times. The rest will be funded through equity.

REC produces silicon... Read more..

Source: Business Today

New online platform to promote reuse, repair, recycle e-waste

The Indian Institute of Technology (IIT)-Madras is developing a new model to tackle electronic wastes (e-waste) by linking stakeholders in the formal and informal economy.

It will be an exchange platform that will serve as an online marketplace for waste electrical and electronic equipment and facilitate a formal supply chain between various stakeholders.

According to studies, the world presently generates 53.6 million tonnes of e-waste every year. This is expected to double in the next 16 years.

Studies also estimated that 85 per cent of this is being lost globally. E... Read more..

Source: Down to Earth

Odisha approves Electric Vehicle Policy 2021, targets 20% EVs by 2025

The State Cabinet headed by Chief Minister Naveen Patnaik on Friday approved the Odisha Electric Vehicle Policy, 2021 which aims to promote the use of electric vehicles, said Chief Secretary Suresh Chandra Mahapatra.

"The objective is to reduce emissions caused by the use of traditional fossil fuel-run vehicles and promote the manufacture of electric vehicles," said Mahapatra.

Mahapatra said the state cabinet chaired by Chief Minister Naveen Patnaik took various decisions pertaining to the departments of Social Security and empowerment of persons with disabilities, Water... Read more..

Source: Economic Times
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