Sustainable Development Report

    • Released by Sustainable Development Solutions Network.
    • Key findings: The world had seen the most rapid progress towards in SDG index
      • SDG 1 (No Poverty)
      • SDG 9 (Industry, Innovation, and Infrastructure), and
      • SDG 11 (Sustainable Cities and Communities)

World Energy Outlook Special Report: Sustainable Recovery

  • Released by International Energy Agency (IEA)
  • To develop a more resilient and cleaner energy sector post coronavirus pandemic.
  • IEA will hold a Ministerial-level Clean Energy Transition Summit.

Ocean Panel

High Level panel for Sustainable Economy, established in 2018

  • It is a unique initiative of 14 serving world leaders.
  • It is supported by the UN Secretary- General’s Special Envoy for the Ocean.
  • It is supported by the UN Secretary- General’s Special Envoy for the Ocean.
  • India is not a member.
  • Report: Sustainable Ocean Economy for 2050

 

Virtual Water

    • It is the water ‘embodied’ in a product, i.e. the water needed to produce a product.
    • Virtual water trade (VWT): import and export of hidden water in the form of products. Eg. crop products, textiles, livestock, etc.
    • Study: virtual water trade can be one of the alternatives to ensure sustainable water consumption.
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MAITREE program

    • Market Integration and Transformation Program for Energy Efficiency.
    • US-India bilateral Partnership: between the Ministry of Power and USAID
    • Retrofitting existing buildings and AC systems.
    • To accelerate the adoption of cost-effective energy efficiency within buildings etc.
    • Healthy and energy-efficient Buildings Initiative: By EESL + MAITREE program

Draft EIA, 2020

    • MoEF&CC published the draft Environment Impact Assessment (EIA) Notification 2020.
    • It replaces the existing EIA Notification, 2006 under Environment (Protection) Act (EPA), 1986.

    Environmental Impact Assessment is the process which

    • Predicts the effect of a proposed development project on the environment.
    • Prevents the proposed project from being approved without proper oversight
    • Compares various alternatives for a project

    EIA, 2006

      • Projects are categorized into categories A and B.
      • Category A projects: need to undergo the process of EIA.
      • Category B projects: further classified into B1 and B2, based on the scope and potential impact.
      • Only B2 projects are exempted from the cumbersome process.

       

Commercial use of Groundwater

  • National Green Tribunal (NGT) guidelines

    • No general permission for groundwater withdrawal, particularly to any commercial entity, without EIA.
    • Groundwater levels must be audited.

Green Bonds

  • These are debt instruments issued by financial, non-financial, or public entities.
  • The proceeds are used to finance green projects.
  • In 2016, India became the second country after China to provide national-level guidelines for Green bonds
  • Guidelines issued by SEBI.
  • India has the second-largest green bond market among emerging economies after China. – 2019-20 Economic Survey.
  • India’s First Green Bond was issued by Yes Bank Ltd in 2015.
  • India’s first listed Green Bond on ‘India INX’ issued by Indian Railway Finance Corporation.
  • News: SBI has listed Green Bonds worth $100 million on India INX’s Global Securities Market Platform (GSM).

India International Exchange Limited (India INX)

    • India’s first international exchange located at the Gujarat International Finance-Tech City (GIFT City).
    • It is fastest in the world with a turn-around time of 4 microseconds. It uses an advanced technology platform of EUREX T7.
    • Launched in 2017, it is a subsidiary of BSE Limited.
    • BSE is Asia’s first Stock Exchange. It was established in 1875.

     

India INX’s Global Securities Market (GSM)

    • India’s first international primary market platform which connects global investors with Indian and foreign issuers.
    • opportunity to global investors to invest in Indian securities without any currency risk; and in a regulatory regime comparable with other leading jurisdictions.

     

     

Indian Green Bonds Council

    • To propose solutions towards the development of a green bonds market in India.
    • Representation from banking, finance, insurance, public and private sector, etc.
    • FICCI and Climate Bonds Initiative (CBI) established it in 2016
    • CBI is an international organization, which mobilizes the bond market for climate change solutions.

     

Standards and Labelling Programme (Star Labelling)

  • News: Bureau of Energy Efficiency (BEE) launched star rating programme for Deep Freezer and Light Commercial Air Conditioners (LCAC).

    • Star Labelling Programme was formulated in 2006 by BEE.
    • Under the Energy Conservation Act, 2001.
    • A star rating (1 to 5 star) of energy efficiency is provided to products registered with the Bureau.
    • The informed choice to consumers: through a display of energy performance labels on high energy use equipment.
    • It lays down minimum energy performance standards.
    • It seeks to improve energy efficiency and also lower energy cost.
    • 10 mandatory appliances: Room AC, Frost Free Refrigerators, Tubular Fluorescent Lamp, Distribution Transformer, Colour TV, Electric Geysers, LED Lamps etc.
    • Voluntary appliances: Induction Motor, Pump Sets, Ceiling Fans, LPG -Stoves, Washing Machine, Computer, Ballast (Electronic/ Magnetic), Office equipment’s (Printer, Copier, Scanner), Mono-set Diesel Engine Pumps, Inverter, DG Sets, Chillers, Microwave Oven, Solar Water Heater, etc.

     

     

Star Rating Program for Industries

    • First-of-its-kind transparency initiative to categorize industries from 1 to 5 stars compliant to pollution standards.
    • five-star rating: to companies that have 50% of the maximum allowed particulate matter (PM) emissions.
    • one-star rating: 25% PM.
    • Jharkhand will start a “Star Rating Program” to reduce industrial pollution.
    • Odisha and Maharashtra also implemented a star rating system.

Green Company Rating system (GreenCo rating)

  • The holistic framework that evaluates companies on environmental friendliness using a life cycle approach.
  • First of its kind in the world.
  • Applicable to both manufacturing facilities and service sector units.
  • Developed by the Confederation of Indian Industry
  • It is acknowledged in India’s INDC document.

Food and Agriculture Organization (FAO)

    • It was established in 1945 and has around 194 Member countries.
    • It is headquartered in Rome, Italy.
    • It is a specialized agency of the United Nations
    • Its goal is to achieve food security for all.
    • People have regular access to enough high-quality food to lead active, healthy lives.

     

Urja Dakshata Information Tool (UDIT)

  • It is the first initiative by BEE with World Resources Institute (WRI), to facilitate a database on energy e•fficiency.
  • World Resources Institute (WRI): It is a global research NGO based in USA.
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#iCommit initiative

    • By the Ministry of Power.
    • Objective: To build an energy resilient future.
    • Led by Energy Efficiency Services Limited (EESL).