Green Building

Green credits offer a vital mechanism for incentivizing environmentally positive actions beyond just corporations, involving individuals and communities. By providing tangible benefits for sustainable practices, such as renewable energy adoption and conservation efforts, green credits engage the public at large, fostering widespread participation in combating climate change.

Green Climate Fund (GCF) has approved a $24.5 million investment in Avaana Capital’s Climate and Sustainability Fund for technology-driven climate solutions.

Under the Net Zero Buildings Initiative, Mahindra Group and Johnson Controls have launched a cost-free toolkit that will help building and facility owners to learn about the best practices of sustainable buildings, implement tools to assess building parameters, identify and implement conservation measures, and understand building regulations in India, available incentives, technology, financing models, and more.

Siemens Ltd has announced a  revenue of INR 5,297 crore and net profit (profit after tax) of INR 534 crore in the fourth quarter of financial year 2023 ended September 30, 2023. 

The Indian carbon credit system, operating under the Clean Development Mechanism (CDM) and the United Nations Framework Convention on Climate Change (UNFCCC), stands ahead in several aspects.

Transition VC will invest seed capital in 40 startups across sectors such as e-mobility, green hydrogen, energy storage, net-zero buildings and climate-tech over the next three years.

The Indian manufacturer’s facility at Electronic City in Telangana has become the first LEED Gold-rated solar cell and module manufacturing facility in India. It received the stringent green building rating from the US Green Building Council.

The funding is aimed to boost women’s access to affordable green housing in India. It includes up to $58 million direct loan by the Asian Development Bank and a $10 million concessional loan by the Canadian Climate Fund for the Private Sector in Asia.

To achieve the government’s ambitious renewable energy targets, and integrate the two growing sectors of infrastructure and construction and renewable energy, the existing policies and codes for green buildings need to be further enhanced. Most of these rules need to include specific details about energy generation. Right now, these are more to do with energy efficiency. 

AdaniConneX, the joint venture with US-based data center solution provider EdgeConneX, will develop renewable energy-powered data centers with up to 1 GW of power demand in India over the next decade.