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Sustainability Outlook Headlines

DTC moves into next gear in its e-mission in Delhi

While the national capital now has new electric bus depots to house the first batch of e-buses expected to be rolled out soon, the Delhi government is also making older bus depots and terminals “future ready” for not only buses but also for other electric vehicles (EV). Transport minister Kailash Gahlot laid the foundation stone for the city’s first public EV charging plaza at Delhi Transport Corporation’s (DTC) Nehru Place bus terminal on September 13. DTC has now started the process of completing EV charging stations at Nehru Place and Mehrauli bus terminals and Rajghat-I, Dwarka sectors... Read more..

Source: Economic Times

Global Methane Pledge Sees Around 80 Signatories Now Signed Up

The Global Methane Pledge, a commitment to cut emissions of one of the most potent greenhouse gases by 30% by the end of the decade, has now signed up around 80 nations, according to a person familiar with the matter. That’s an increase of around 20 from last week. Key countries that still haven’t said they will join include Russia, China and Brazil -- some of the world’s biggest methane emitters. The pledge is expected to be unveiled by European Commission President Ursula von der Leyen and U.S. President Joe Biden in the next couple of days at climate talks in Glasgow, Scotland.

Source: Bloomberg

Blah Blah Report: Textile and Apparel Sector Emission Expected to Reach 9.5% of Global Emissions by 2030, from Current Level of 7.2%

Even if leading players meet their climate commitments, textile and apparel sectoral emissions from production are quite likely to increase in this decade. The manufacturing and sale of textile goods and clothing, generate 2.5 billion tons of greenhouse gas emissions annually. This represents 7.25% of total man-made emissions presently and is expected to reach 9.5% by 2030.

These findings are presented in the Blah Blah Briefing of the Textile and Apparel Sector by cKinetics, which aims to identify solutions to reduce emissions. The study provides a framework to... Read more..

Source: cKinetics

National Statement by Prime Minister Shri Narendra Modi at COP26 Summit in Glasgow: India targets net zero emissions by 2070

Friends, Today I am representing amid you, the land which gave this mantra thousands of years ago- सम्-गच्छ-ध्वम्, सम्-व-दद्वम् , सम् वो मानसि जानताम्। Today in the 21st century, this mantra has become more important, has become more relevant. सम्-गच्छ-ध्वम् - That is, let's move together सम्-व-दद्वम् - That is, let’s all interact togetherand सम् वो मनानसि जानताम् - That is, everyone's minds should also be one. Friends, When I first came to Paris for the Climate Summit, it was not my intention to add one promise to the many promises being made in the world. I came with a concern, for the... Read more..

Source: PIB

Shri Bhupender Yadav delivers statement on behalf of BASIC countries - crucial that Paris Agreement Rulebook is concluded at COP 26

Union Minister for Environment, Forest and Climate Change, delivered the statement on behalf of the BASIC group of countries, comprising Brazil, South Africa, India and China at the UN Climate Change Conference underway at Glasgow. He highlighted that even though COP 26 has been delayed by a year, Parties have already commenced implementation of their Nationally Determined Contributions (NDCs) and therefore, it is crucial that Paris Agreement Rulebook is concluded at COP 26. “In doing so, full effect must be given to implementation of the principles of Equity and Common but Differentiated... Read more..

Source: PIB

COP26: UK launches India Green Guarantee, commits funds for EVs in India

The UK will provide an India Green Guarantee to the World Bank, to unlock an additional 750 million pounds for green projects across India, it was announced at the COP26 summit in Glasgow on Monday. The green guarantee financing will support clean and resilient infrastructure in sectors such as clean energy, transport and urban development. Further, in an aid-backed Private Infrastructure Development Group (PIDG), the UK has committed more than 210 million pounds in new investment at the UN climate summit to back transformational green projects in developing countries, including electric... Read more..

Source: Business Standard

PM Modi says developed nations should provide 1 per cent of GDP to finance green projects in developing world

Asserting that India cannot ignore the neglect of climate finance, Prime Minister Narendra Modi on Sunday said without concrete progress on it, pressuring the developing nations on climate action was "not justice", as he called on the developed nations to set a target of providing at least 1 per cent of their GDP for financing green projects in the developing world. Addressing the G20 Summit Session on 'Climate Change and Environment', Prime Minister Modi said that by forgetting climate justice, "we are not only doing injustice to the developing countries, but we are betraying entire... Read more..

Source: Economic Times

Climate Equity Monitor an online dashboard for assessing, at the international level, equity in climate action, inequalities in emissions, energy and resource consumption across the world, goes LIVE

Welcoming the going live of the website “Climate Equity Monitor” on global climate policy. Union Minister for Environment, Forest and Climate Change, Shri Bhupender Yadav in a tweet message said, that Climate Equity Monitor, that focuses on equity and climate action from a data and evidence-based perspectivewill encourage a vigorous discussion on this crucial issue and engage experts from all countries. The Minister also congratulated the team that worked on this project. The Climate Equity Monitor provides an online dashboard for assessing, at the international level, equity in climate... Read more..

Source: PIB

To Promote Clean Energy Consumption, Power Ministry proposesAmendment to Energy Conservation Act, 2001

Amidst the growing energy needs and changing global climate landscape, the Government of India has identified new areas to achieve higher levels of penetration of Renewable energy by proposing certain Amendments to Energy Conservation Act, 2001. The objective will be to enhance demand for renewable energy at the end- use sectors such as Industry, buildings, transport etc. Ministry of Power has prepared amendments, after consultations with stakeholders. The proposal includes defining minimum share of renewable energy in the overall consumption by the industrial units or any establishment.... Read more..

Source: PIB

India, UK to launch solar Green Grids Initiative at COP26 climate summit

India and the UK are set to enhance their International Solar Alliance (ISA) partnership with the launch of a new Green Grids Initiative connecting different parts of the world at the United Nations (UN) COP26 climate summit in Glasgow. The new Global Green Grids Initiative One Sun One World One Grid (GGI-OSOWOG) is an evolution of ISA's OSOWOG multilateral drive to foster interconnected solar energy infrastructure at a global scale. The new Green Grids Initiative, to be launched at COP26 on Tuesday, will mark a merging of flagship interconnection initiatives from India and the UK as part... Read more..

Source: Business Standard

Joint Statement on Italy-India Strategic Partnership in Energy Transition

H.E. Mr. Mario Draghi, President of the Council of Ministers of the Italian Republic and H.E. Mr. Narendra Modi, Prime Minister of India, had a bilateral meeting on the sidelines of the G20 Leaders’ Summit hosted by Italy in Rome on October 30-31, 2021. The two Leaders acknowledged significant progress in bilateral relations since the adoption of the Action Plan for an enhanced Partnership between India and Italy (2020 –2024) on November 6th, 2020. They expressed their resolve to strengthen cooperation in the strategic sectors addressed by the Action Plan, including the cross-cutting issue... Read more..

Source: PIB

Cement, steel industries should use green hydrogen for energy: Union minister Nitin Gadkari

Union minister Nitin Gadkari on Sunday said it is now time that cement and steel industries start using green hydrogen as energy instead of coal for production. He was speaking at the inauguration of various facilities of Manganese Ore India Limited (MOIL) based in Nagpur. “It is now time for using green hydrogen as energy in the cement and steel industry in place of coal. We should work on value addition by running metal industries, where mining products are using green hydrogen as energy. We will have to protect the environment and increase our production at the same time,” he said.... Read more..

Source: Financial Express

CFA Institute launches ESG disclosure standards

The standards would apply to all types of investment vehicles, asset classes, and ESG approaches, and would aim to support investors with complete and accessible information. Margaret Franklin, CFA Institute, president and chief executive, said: “We’re proud to release the first edition of the standards after a multi-stage development process to ensure the result is additive, has impact, and is meaningful to the industry”. “The complexities of the ESG investing landscape remain vast. We must identify ways to mitigate greenwashing and preserve the integrity of the information being shared... Read more..

Source: Money Management

India well on its way to meet NDC commitments: Foreign Secy Shringla

India is well on its way to meet targets set under the Paris accord and it expects fulfilment of commitments in facilitating financial resources and technologies in helping developing countries confront climate change, Foreign Secretary Harsh Vardhan Shringla said on Thursday. His comments came days ahead of the 26th Conference of Parties (COP-26) to the UN Framework Convention on Climate Change (UNFCCC) to be held in Glasgow. "We are well on our way to meeting our NDC (Nationally Determined Contributions) commitments and even doing better than that," he said at a media briefing on Prime... Read more..

Source: Economic Times

Government To Seek Carbon Emissions Data Linked To Each LNG Cargo

India is the world's third-biggest emitter of greenhouse gases after China and the US The government will seek carbon emissions data linked to each cargo of liquefied natural gas (LNG), its oil minister said on Thursday, mirroring a growing trend among top Asian buyers of the cleaner fuel ahead of global climate talks in Glasgow from Sunday. India, the world's third-biggest emitter of greenhouse gases after China and the United States, wants to raise the share of natural gas in its energy mix to 15 per cent by 2030 from the current about six per cent, to cut its carbon footprint. "The... Read more..

Source: NDTV

Norway explores ties with Goa on sustainable solutions

Norway, which has made tremendous strides in green energy, ship building and urban waste management, is keen to increase its strategic partnership with Goa, said Norwegian consul general Arne Jan Flolo, who was on his first official visit to the state. Norway is exploring ties and opportunities in Goa as part of the larger India-Norway bilateral roadmap. Norway has offered to facilitate partnerships between local shipyards and Norwegian shipbuilding firms, and also collaborate on student exchange programmes with Goa-based maritime institutes. “Maritime industry and all its associated... Read more..

Source: Times of India

UN calls for more climate adaptation cash from COP26 Summit

The United Nations on Thursday called for nations at the upcoming COP26 climate change summit to increase funding for developing countries to adapt. Climate adaptation means adjusting to the current effects of climate change and preparing for its predicted impacts in future. The approach is crucial in developing countries, which are more vulnerable to extreme weather caused by climate change -- floods, drought, heatwaves and wildfires, for example. The UN's trade and development agency said Thursday that a round-the-world effort was needed to address the climate crisis, with a focus on... Read more..

Source: Economic Times

Despite some increases in clean energy investment, world is in midst of ‘uneven and unsustainable economic recovery’ – with emissions set for 2nd largest rebound in history

Spending on clean energy amounts to 3% of the USD 16.9 trillion that governments have so far mobilised to bolster their economies from the recession triggered by the Covid-19 pandemic, according to the latest update from the International Energy Agency. The share is up from around 2% in July but still leaves global carbon dioxide (CO2) emissions on an upward trajectory, with this year set to be the second largest annual increase in history. Governments have increased the amount of their economic recovery spending that is going towards clean energy investments by 20% in the past three... Read more..

Source: IEA

SBTi launches world-first net-zero corporate standard

The Science Based Targets initiative (SBTi), the global body enabling businesses to set emissions reduction targets in line with science, today launches the world-first Net-Zero Corporate Standard. To combat this, the SBTi’s Net-Zero Standard is the world’s first science-based certification of companies’ net-zero targets in line with the Paris Agreement’s goal of keeping planetary warming to 1.5°C. Alberto Carrillo Pineda, Co-Founder and Managing Director of the SBTi, said: “Companies are currently self-defining net-zero targets without credible and independent assessment of their ambition... Read more..

Source: SBTi

Let COP26 be COP of actions in finance, technology support: India at UN

As nations head into the crucial climate summit in Glasgow, India has said that the conference should not be just promises and pledges and the world needs rapid and deep emission cuts in this decade rather than distant targets. "Science has time and again clearly stated the urgency of accelerated climate action. Recent incidents of extreme weather events across the world corroborate what science is telling us, Minister of Environment, Forest and Climate Change Bhupender Yadav said. Addressing the high-level meeting Delivering Climate Action for People, Planet & Prosperity' convened by... Read more..

Source: Business Standard

India and EU can jointly shape international agenda on climate change and global commons: Envoy

The European Union and India can together give a significant contribution in shaping the international agenda in the pursuit of Global Commons, Bio-Diversity and Climate change and it is essential that both sides work together for the success of Cop-26, EU envoy to India Ugo Astuto has suggested. "EU-India are ideally placed to steer the discussions in such forums. We have to do this in our interest the interest of all countries and in the interest of the coming generations,” Astuto said at a session organised by leading Indian public policy body Ananta Aspen Centre ahead of COP26 in... Read more..

Source: Economic Times

India’s largest landfill biogas plant launched in Hyderabad

Ramky Enviro has inaugurated one of the world’s first and India’s largest landfill gas-to-compressed biogas plant at the Hyderabad Integrated Municipal Solid Waste (HiMSW) site on Wednesday.The project is focused on the conversion of landfill gas into compressed biogas as an automotive fuel. The project offers significant benefits such as carbon sequestration and reduced emissions of GHGs into the environment and contributes to the greening of the automotive industry, a press release said. Masood Mallick, JMD, Ramky Enviro said: “This project responds to one of the biggest strategic... Read more..

Source: Telangana Today

India to invest $316 billion for de-carbonisation by 2030: Bofa Securities

India will spend $316 billion (about Rs 23 lakh crore) in the decade to 2030 towards de-carbonisation, with a high proportion of the investment to be allocated to renewable sources of energy, a foreign brokerage said on Wednesday. The investment will be in addition to the estimated Rs 6 lakh crore or $84 billion already spent since the country joined the Paris climate accord in 2015, Bofa Securities said. Speaking to reporters ahead of the Glasgow summit, the brokerage's head of research Amish Shah said India has been one of the most active states on-ground action and pointed to the fast-... Read more..

Source: Economic Times

New non-toxic organic photocatalyst can efficiently capture CO2 and convert it into methane

Indian Scientists have designed a cost-effective metal-free catalyst to convert carbon dioxide to methane by absorption of visible light. Ongoing research is making a significant effort to reduce CO2 into value-added products, methane (CH4) could be one of the value-added products with significant uses as the cleanest burning fossil fuel and can directly be used in fuel cells as a hydrogen carrier. It is also the main component of natural gas and has the potential to replace coal for electricity generation and furnishing flexible supply to reinforce intermittent renewable generators. There... Read more..

Source: PIB

Multilateral banks should intensify pvt capital mobilisation for inclusive, green growth: FM Sitharaman

Multilateral development banks like AIIB need to intensify private sector capital mobilisation for inclusive and green development, Finance Minister Nirmala Sitharaman said on Tuesday. Participating in the sixth Annual Meeting of the Board of Governors of Asian Infrastructure Investment Bank (AIIB), the minister also urged the multilateral bank to explore investment opportunities for development of social infrastructure. The coronavirus pandemic and the climate crisis, she said, have reinforced the importance of Multilateral Development Banks (MDBs) and the urgency for supplementing the... Read more..

Source: Economic Times