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Climate Bonds Publish 2016 State of Market India Report

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solar panel by Markus Spiske via flickr

India now seventh in labelled green bonds issuance, Indian issues top in external certification and reviews

The Climate Bonds Initiative has released the State of the Market 2016 India edition, outlining the key features of India’s growing green bond market. The report finds India now ranks seventh internationally for labelled green bond issuance.

Twin Mumbai and Delhi events are being held to launch the report, timed in conjunction with this week’s inaugural meeting of the newly formed India Green Bonds Market Development Council jointly convened with FICCI.


Other key findings of the State of the Market 2016 India update:

· Renewable energy is the largest segment of labelled green bond issuance at 62%, followed by low carbon transport 17.5%, energy efficiency and low carbon buildings at 14% and, adaption, waste management and water management the remainder at 2.1%, 2.2% and 2.2% respectively.
· NTPC was the single largest issuer with their August INR 20bn (USD 299bn) Climate Bonds Certified Masala Bond, funding clean energy and listed on both the London Stock Exchange and Singapore Stock Exchange.
· Renew Power and PNB Housing Finance were the next largest with INR 5BN (USD 75.2m & 75.5m respectively)
· Indian issuers have been leaders in best practice with five out of seven bonds issued in 2016 receiving a review or certification by an external body. This is the highest international ratio for 2016.
· The report found an additional universe of USD 15.7bn of unlabelled, climate-aligned bonds outstanding. 75% where low carbon transport (solely rail) with the largest issuer being Indian Railway Finance, followed by hydro in the renewable energy sector.
· This level of green investment could be converted to labelled issuances in the future, building market depth and liquidity.

Sean Kidney, CEO Climate Bonds Initiative said:

“India’s regulators have shown leadership by providing new guidance to the market. Indian issuers are active in seeking certification and verification of green bond issuance. Indian green bonds are being listed on international exchanges. Together, these steps will build international investor confidence as new waves of green bonds come to market.”


“Meeting India’s ambitious national development, green infrastructure, and climate mitigation goals requires significant international capital. This report shows good foundations have been established to develop a robust green finance system to help reach these vital goals.”

 

Economy

A Good Look At How Homes Will Become More Energy Efficient Soon

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energy efficient homes

Everyone always talks about ways they can save energy at home, but the tactics are old school. They’re only tweaking the way they do things at the moment. Sealing holes in your home isn’t exactly the next scientific breakthrough we’ve been waiting for.

There is some good news because technology is progressing quickly. Some tactics might not be brand new, but they’re becoming more popular. Here are a few things you should expect to see in homes all around the country within a few years.


1. The Rise Of Smart Windows

When you look at a window right now it’s just a pane of glass. In the future they’ll be controlled by microprocessors and sensors. They’ll change depending on the specific weather conditions directly outside.

If the sun disappears the shade will automatically adjust to let in more light. The exact opposite will happen when it’s sunny. These energy efficient windows will save everyone a huge amount of money.

2. A Better Way To Cool Roofs

If you wanted to cool a roof down today you would coat it with a material full of specialized pigments. This would allow roofs to deflect the sun and they’d absorb less heat in the process too.

Soon we’ll see the same thing being done, but it will be four times more effective. Roofs will never get too hot again. Anyone with a large roof is going to see a sharp decrease in their energy bills.


3. Low-E Windows Taking Over

It’s a mystery why these aren’t already extremely popular, but things are starting to change. Read low-E window replacement reviews and you’ll see everyone loves them because they’re extremely effective.

They’ll keep heat outside in summer or inside in winter. People don’t even have to buy new windows to enjoy the technology. All they’ll need is a low-E film to place over their current ones.

4. Magnets Will Cool Fridges

Refrigerators haven’t changed much in a very long time. They’re still using a vapor compression process that wastes energy while harming the environment. It won’t be long until they’ll be cooled using magnets instead.

The magnetocaloric effect is going to revolutionize cold food storage. The fluid these fridges are going to use will be water-based, which means the environment can rest easy and energy bills will drop.

5. Improving Our Current LEDs

Everyone who spent a lot of money on energy must have been very happy when LEDs became mainstream. Incandescent light bulbs belong in museums today because the new tech cut costs by up to 85 percent.

That doesn’t mean someone isn’t always trying to improve on an already great invention. The amount of lumens LEDs produce per watt isn’t great, but we’ve already found a way to increase it by 25 percent.

Maybe Homes Will Look Different Too

Do you think we’ll come up with new styles of homes that will take off? Surely it’s not out of the question. Everything inside homes seems to be changing for the better with each passing year. It’s going to continue doing so thanks to amazing inventors.

ShutterStock – Stock photo ID: 613912244

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Economy

IEMA Urge Government’s Industrial Strategy Skills Overhaul To Adopt A “Long View Approach”

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IEMA, in response to the launch of the Government’s Industrial Strategy Green Paper, have welcomed the focus on technical skills and education to boost “competence and capability” of tomorrow’s workforce.

Policy experts at the world’s leading professional association of Environment and Sustainability professionals has today welcomed Prime Minister Teresa May’s confirmation that an overhaul of technical education and skills will form a central part of the Plan for Britain – but warns the strategy must be one for the long term.

Martin Baxter, Chief Policy Advisor at IEMA said this morning that the approach and predicted investment in building a stronger technical skills portfolio to boost the UK’s productivity and economic resilience is positive, and presents an opportunity to drive the UK’s skills profile and commitment to sustainability outside of the EU.


Commenting on the launch of the Government’s Industrial Strategy Green Paper, Baxter said today:

“Government must use the Industrial Strategy as an opportunity to accelerate the UK’s transition to a low-carbon, resource efficient economy – one that is flexible and agile and which gives a progressive outlook for the UK’s future outside the EU.

We welcome the focus on skills and education, as it is vital that tomorrow’s workforce has the competence and capability to innovate and compete globally in high-value manufacturing and leading technology.

There is a real opportunity with the Industrial Strategy, and forthcoming 25 year Environment Plan and Carbon Emissions Reduction Plan, to set long-term economic and environmental outcomes which set the conditions to unlock investment, enhance natural capital and provide employment and export opportunities for UK business.


We will ensure that the Environment and Sustainability profession makes a positive contribution in responding to the Green Paper.”

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