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Godrej Appliances plant at Shirwal gets Platinum Green Company certification

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According to reports, the Shirwal, Pune plant of home appliances manufacturer, Godrej Appliances, has been awarded the prestigious Platinum Green Company certification by CII-Green Business Centre. CII Green Co Platinum is the highest recognition for any manufacturing company for its efforts towards ecologically sustainable growth. Godrej Appliances has become the first and the only manufacturing company in the country to be so honoured. Kamal Nandi, Business Head and Executive Vice President, Godrej Appliances said, “This certification goes to exemplify the efforts put in by ... Read More »

India needs to invest $834 billion for lower carbon emissions by 2030

finance

According to reports, India will have to invest $834 billion in the two decades ending 2030 to reduce its emission intensity to gross domestic product by 42 per cent over 2007 levels, according to a Planning Commission expert group. According to the final report of the expert group on low carbon strategies for inclusive growth, the massive change in the energy mix by 2030 will result in lower demand of coal at 1,278 million tonnes from estimated 1,568 million tonnes. ... Read More »

Delhi Discoms can’t meet green power target, seek waiver

cleantech

According to reports, power companies have told the regulator that they are not in a position to meet their renewable power obligations (RPO). In the tariff petitions for the financial year 2014-15, the discoms have requested Delhi Electricity Regulatory Commission to waive off their RPO in the interest of consumers or consider carrying forward the commitment to subsequent years. The scheme, which became a part of the tariff from FY 2012-13, makes it obligatory for discoms to source a fixed ... Read More »

Renewable energy certificates’ trading volumes soar in Mar:IEX

finance

According to reports, reversing the sluggish trend, the trading volume of renewable energy certificates more than doubled to 3.7 lakh on the Indian Energy Exchange this month. The volume is also the highest recorded since the inception of REC (Renewable Energy Certificate) market, the exchange said. The trading volumes, including solar and non-solar RECs, jumped to 3,69,053 in March compared to just 1,83,923 registered in February. Out of the total volumes seen this month, 3,61,842 non-solar and 7,211 solar certificates ... Read More »

Companies holding carbon credits stare at ‘real loss’

finance

According to reports, Indian companies, which had invested in clean development mechanism (CDM) projects under the Kyoto Protocol to claim certified emission reduction units (CER) or carbon credits, now stand to face a “real loss” on unsold credits, as opposed to a notional loss which was earlier being talked about, with prices falling below one euro. Industry estimates peg the notional loss at Rs 10,500 crore. A carbon credit is a type of a tradable greenhouse gas emission reduction unit ... Read More »

CERC cuts issuance fee for renewable energy certificates

cleantech

According to reports, power sector regulator CERC has slashed the fee charged for issuance of renewable energy certificates, a move that comes at a time when demand for such instruments is sluggish. The Central Electricity Regulatory Commission’s decision is likely to help in improving the market for Renewable Energy Certificates (RECs) which is yet to take off in a big way. The fee for issuance of an REC has been cut to Rs 4 per certificate from existing Rs 10 ... Read More »

UNDP grants Rs 40 lakh for green energy action plan

cleantech

According to reports, the Ashden India Collective, a team comprising Ashden awardees from India headed by solar power expert S P Gon Chaudhuri, has received a grant of Rs 40 lakh from the United Nations Development Programme (UNDP) to prepare an action plan for commercial use of renewable energy in five states of the country. The Ashden Award, awarded by the Ashden trust, is a prestigious award given for the promotion and use of sustainable energy. It is popularly known ... Read More »

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