2030 SUSTAINABLE DEVELOPMENT GOALS
DVC to invest Rs 20,000 cr in solar energy projects by 2030
The Kolkata-headquartered corporation now has only 14 MW installed solar capacity and is executing a 348 MW project in association with NTPC. A 250MW/hour capacity of battery storage is also under consideration, he said.
MSMEs are on sustainability path but profitability focus can make the move faster
MSMEs contribute a big part to India’s manufacturing output and hence, it becomes critical they adopt energy-efficient technologies to reduce operational costs.
Must accelerate action for sustainable development goals: UN Secy General
The Sustainable Development Goals face challenges due to the COVID-19 pandemic, conflicts, and climate change. Urgent global cooperation is needed to address rising poverty, conflict casualties, and displacement. Despite progress in renewable energy, more action is crucial for a just energy transition to achieve the SDGs by 2030.
Only 17% of targets to improve life around the world are likely to be reached by 2030, UN reports
Despite incremental progress in some areas, global sustainable development remains hindered by slow advancement and persistent challenges. Efforts in expanding technology access and renewable energy capacity show promise, but significant work is needed to address issues like gender equality and education to achieve the 2030 goals.
Record $1.8 trillion investment in renewables made in 2023 not enough to meet COP28 goals, says EY report
More than 100 countries at the COP28 climate summit in Dubai last year had agreed to triple renewable energy capacity by 2030 and cut down the use of fossil fuel and emissions, a move seen as vital to avert the worst effects of climate change. The pledge made at COP28 is one of the several energy-related announcements that include new measures and funding to combat methane emissions, agreements to cut coal use and nuclear energy promotion.
Transformative agricultural technologies could accelerate sustainable development in Bihar, finds Cornell University study
The Tata-Cornell Institute for Agriculture and Nutrition (TCI) at Cornell University has found that Bihar can significantly reduce greenhouse gas emissions associated with rice and livestock production while maintaining or even improving productivity. The research, part of TCI's Zero-Hunger, Zero-Carbon Food Systems project, aims to create a roadmap for reducing agricultural emissions in Bihar without sacrificing productivity.
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India offers USD 500 billion investment opportunities in clean energy, other sectors by 2030
New Delhi India offers huge investment opportunities worth over USD 500 billion, particularly in clean energy value chain including renewables, green hydrogen and EV, by 2030, the commerce ministry said on Thursday. This was stated by Commerce Secretary Sunil Barthwal, who is in Singapore for the two-day meet of the Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum.
Gautam Adani, Japanese envoy Hiroshi Suzuki hold talks on renewable energy project
Gautam Adani, Chairman of the AdGroup, shared insights from his meeting with Ambassador Hiroshi Suzuki of Japan at Mundra Port and the world's largest Hybrid Renewable Energy Park in Khavda.
Rich nations met $100 bn climate finance goal two years late: OECD
Wealthy countries finally met the $100 billion annual climate aid target for poorer nations in 2022, two years late, as per the OECD. The delay has damaged trust in climate negotiations as nations aim for a more ambitious goal by November. However, the $100 billion falls short of the estimated $2.4 trillion needed annually by developing nations for renewable energy and climate adaptation.
Stock market rally predictions after Lok Sabha election results create frenzy but investors must remember this key point
True optimism should extend beyond immediate gains. A sustainable investment journey requires diligent planning, thoughtful strategy, portfolio diversification, and patience amidst market fluctuations. By embracing these principles, investors not only mitigate risks, but also position themselves for longterm growth through compounding returns.
How rooftop solar is reshaping energy consumption
India is undergoing a rooftop revolution with the development of solar technology, reshaping energy consumption patterns. The country aims to achieve ambitious renewable energy goals, focusing on rural electrification for inclusive development.
"If we work together, India can achieve all SDGs by 2030" says Ajay Piramal at CII Annual Business Summit 2024
Underscoring the rapid progress expected over the next two decades, he said, "Let's say in 2047, we'll have - we'll be the third-largest economy, maybe a USD 40 billion economy. Even now, in the next - I think by 2029, we'll be the third-largest economy. So only the U.S. and China will be ahead of us. So that's a big progress the country is making."
Mahindra Group to invest Rs 37,000 crore in auto sector, plans to launch 23 new vehicles by 2030
Mahindra Group announces plans to invest Rs 37,000 crore in the auto sector over the next three years, with a focus on launching 23 new vehicles by 2030. The investment includes new ICE SUVs, BEVs, and light commercial vehicles. The company emphasizes the importance of ICE models in the short term while investing significantly in the EV segment. The expansion plans also include enhancing manufacturing capacity and remaining open to future mobility trends, including hybrid vehicles. The company welcomes India's new EV policy and emphasizes its commitment to the 'Make in India' initiative.
Centre aims to train 600,000 workers to power Green H2 goal
Government aims to develop 600,000 skilled workers for National Green Hydrogen Mission by 2030, identified by Ministry of Skill Development and Entrepreneurship and MNRE. Skilling includes renewable energy generation, hydrogen production, transformation, storage, transport, and end use applications, requiring specific skill sets and a coordinated programme between institutions.
3GV by Rx Propellant receives the World’s first ‘IFC-EDGE Advanced’ Certified Speculative Life Sciences Building
Rx Propellant that specialises in life science real estate projects across India has portfolio in Hyderabad, Bengaluru, and Mumbai. The company has taken the helm in developing 3GV as a flagship life sciences and pharma centre, with a total built-up area of 150,000 sq. ft.
How to make every rupee count
The international aid squeeze has led to a reduction in official development assistance (ODA) to food systems, creating a financing gap of $350 billion per year. Multilateral development banks (MDBs) and international financial institutions (IFIs) play a crucial role in this context but need to improve impact assessment and reporting. The World Bank has shown leadership with its scorecard, but more needs to be done to quantify the cost of inaction.
Global debt crisis impacting nearly 95 countries: G20 Sherpa Amitabh Kant
G20 Sherpa Amitabh Kant emphasized the challenges posed by the Russia-Ukraine war and tensions in the Middle East for global stability and economics. He stressed the need for urgent action to pursue inclusive and sustainable growth strategies in the face of a global debt crisis affecting nearly 95 countries, while maintaining focus on achieving the Sustainable Development Goals (SDGs) by 2030.
Infosys collaborates with AEEE, IIHS to decarbonise India’s commercial building sector
Infosys, AEEE, and IIHS collaborate on 'ASSURE' to decarbonize India's commercial building sector, aiming for 100 million sq. ft. of high-performance buildings by 2030. The initiative includes experts, lighthouse projects, and engagement with financial institutions.
AMPIN Energy Transition secures $35 million funding
AMPIN Energy Transition announced securing funding of USD 35 million (over Rs 292 crore) from responsAbility, a Switzerland-based impact asset manager. The investment will support AMPIN in various projects across its special purpose vehicles (SPVs), particularly in the commercial and industrial (C&I) solar segment. These projects encompass sectors such as manufacturing, auto, pharma, healthcare, FMCG, and data centers.
India's Panchayati Raj system highlights strides made in women's leadership: Ruchira Kamboj
India's Permanent Representative to the UN, Ruchira Kamboj, highlighted the significant progress in women's leadership within India's Panchayati Raj system. Speaking at a #CPD57 side event, she praised the system's decentralised power structure, facilitating active participation from all residents through the Gram Sabha. Kamboj noted the constitutional amendment mandating one-third of all elected roles be reserved for women, leading to 50% representation in 21 states. She emphasized women's transformative impact, integrating gender considerations into local planning for inclusive and sustainable outcomes.
ADB open to funding space sector in India: VP Bhargav Dasgupta
The Asian Development Bank is open to funding the space sector in India in addition to focusing on climate finance to mitigate the associated risks, said its Vice President Bhargav Dasgupta on Friday. ADB has done some projects in satellite in the Asia Pacific region, but has not provided any assistance in the Indian space sector.
India, Norway extend health cooperation with 4th phase of NIPI
A health initiative between Government of India and Government of Norway, the Norway India Partnership Initiative (NIPI) Phase 3 builds on experiences from NIPI 1 & 2 and focuses on areas of Maternal, Newborn and Child Health.
Tata Comm taking sustainable route for $1 billion fundraising goal
Bank of America advises Tata Communications on a $1 billion fund framework incorporating ESG standards. The funds will refinance existing loans, structure fresh loans, and offer pricing benefits tied to environmental, social, and governance targets.
Most Indian occupiers want half of office portfolios powered by renewables by 2030, JLL
India's occupiers aim for 50% renewable energy in office portfolios by 2030. Delhi leads with 43%. Banking, finance sectors prioritize on-site renewable power sources. APAC countries contribute significantly to renewable energy capacity.
From digital literacy to women entrepreneurship: How Nasscom Foundation is championing technology for social good and SDG push
Nasscom Foundation is focused on driving social change through technology, and its broad spectrum of initiatives are aimed at holistically harnessing technology for social innovation, says Nidhi Bhasin, CEO.
ET Explains: Clearing the air on emissions and carbon capture
To mitigate CO2 emissions, India is drafting a Carbon Capture, Utilisation, and Storage (CCUS) policy. It will not only facilitate decarbonization efforts but can potentially kickstart a $10 billion industry in next five years, by using captured carbon to make chemicals, among other uses.
India performs well on 85 indicators of SDG target; Asia and Pacific to take 32 years more to achieve SDG goals: UNESCAP
Data released by the UNESCAP as part of the Asia and the Pacific SDG Progress Report: Showcasing Transformative Actions 2024 report indicated that the country still had quite a few indicators where data availability was an issue.
In 2050, one-third of global river sub-basins could face water scarcity: Study
In 2050, one-third of global river sub-basins are projected to face severe scarcity of clean water due to nitrogen pollution, new research has found. Analysing more than 10,000 global river sub-basins, an international team of researchers found that nitrogen pollution dramatically increased the number of river basin systems considered scarce with regards to its water quality. The supply of clean water for all is one of the United Nations Sustainable Development Goals (SDGs) for 2030.
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