The Centre will invite proposals from state transport departments for reallocation of central subsidy for 2,000 electric buses under its Fame II scheme to promote electric mobility, but will not allow participation of cities that defaulted in the first round, people aware of the development said.
Solar rooftop developers are increasingly choosing to supply power to customers through open access – locating the solar plant elsewhere – rather than set it up on the premises of their clients. The common feature is that in both cases the power is supplied through the grid directly, without being routed through a discom. Many rooftop developers are now installing as much capacity for supplying through the open access route as they are on rooftops.
The Luxembourg Stock Exchange is in talks with Indian conglomerates to issue green bonds and tap into India's green finance market, its CEO Robert Scharfe has said. “Some Indian banks have tapped into the market and a number of companies are considering this. Bond market is the easiest because companies have ratings which are known to the investors,” he said. Green bonds are debt instruments issued to fund green projects or those that have a positive environmental or climate impact.
Hyundai Motor India Ltd (HMIL) expects new product launches to help the company sustain sales momentum next fiscal even as it sees short-term challenge to demand after BS-VI norms come into effect from April 1, a top company official said. The company, whose market share has increased by 1 per cent this year despite a 7 per cent de-growth in overall volume, is also gearing up to cater to diesel vehicle demand with main rival Maruti Suzuki India walking out of the segment. "Last year (2019-20) has been a very challenging period not only for us but for the entire industry.
Noida-based Pace Electric Vehicles and Kalinga Ventures are among the lesser-known EV makers who will power Amazon’s delivery system as part of the e-commerce major’s effort to be carbon neutral by 2040, sources said. Amazon’s decision to buy vehicles from small manufacturers would help these brands get bigger, improve the quality of electric vehicles and have a pan-India presence, one of the sources said. During his recent India visit, Amazon CEO Jeff Bezos tweeted, “Hey, India. We’re rolling out our new fleet of electric delivery rickshaws. Fully electric. Zero carbon.
India needs a whopping $2.64 trillion investment to meet the UN's sustainable development goals (SDGs), offering the private sector an investment opportunity of over $1.12 trillion by 2030, according to a report. According to the Standard Chartered SDG Investment Map, the total investment that the country needs to make by 2030 is a whopping $2,633.9 billion. Of the total, $,558.8 billion is for clean energy, $505.5 billion for transport infrastructure, $377.4 billion for digital access; and $192.2 billion for clean water and sanitation.
Efforts to reduce levels of one potent greenhouse gas appear to be failing, according to a study. Scientists had expected to find a dramatic reduction in levels of the hydrofluorocarbon HFC-23 in the atmosphere after India and China, two of the main sources, reported in 2017 that they had almost completely eliminated emissions. But a paper published in the journal Nature Communications says that by 2018 concentrations of the gas – used in fridges, inhalers and air conditioners – had not fallen but were increasing at a record rate.
Wider adoption of zero budget natural farming (ZBNF), which the Central government is seeking to promote as a way to help farmers double their income, can actually lead to India not being able to meet its requirement for food for all its population in coming decades, a new study has claimed.
Fortune brand owner Adani Wilmar Ltd is aiming to recycle 100 per cent of the plastics used by the brand in the next three years, Angshu Mallick, Deputy CEO, Adani Wilmar, has said. “We use about 22,000 metric tonne (MT) of plastic in packaging out of which 90% of our packaging material such as HDPE Jars, PET bottles, Edible Oil Pouches etc. are 100% recyclable. We intend to collect and recycle 30 per cent of the total plastic consumed by us by March 31, 2020.
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