Page 3 - Green Infrastructure

Green-certified office space jump 36% across top 6 cities since 2019: Study

Green-certified office space stock have increased 36 per cent to 342 million square feet across six major cities in the last three and half years, according to a CBRE-CII report. Real estate consultant CBRE and industry body CII on Wednesday released its report titled, 'Indian Real Estate: Taking Giant Strides - 2023 Mid-Year Outlook' at CII Realty conference here. According to the report, green-certified office stock stood at 251 million square feet in 2019. Enhanced focus on global and domestic Environmental, Social and Governance (ESG) regulations are driving occupiers' flight-to-quality wave towards modern, premium and sustainable spaces in the medium to long-term, the report said. Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE, said, "As the economy gains momentum and the real estate sector thrives, there is a growing emphasis on ESG and its compliance. We anticipate accelerated demand in modern, tech-enabled, and green-compliant ...

Sterlite Power buys Beawar Transmission to develop project in Rajasthan

Sterlite Power on Friday said it has acquired Beawar Transmission Ltd for developing an electricity transmission project in Rajasthan. Beawar Transmission is a Special Purpose Vehicle (SPV) of REC Power Development and Consultancy Ltd. The SPV was awarded to Sterlite Power through tariff-based competitive bidding in August, a company statement said. "Sterlite Power announces the acquisition of Beawar Transmission Ltd from REC Power Development and Consultancy Ltd, a wholly owned subsidiary of REC Ltd," it said. The company did not share the financial details of the acquisition. Through the Beawar Transmission Ltd, the company will build the Green Energy Corridor project on Build, Own, Operate, Transfer (BOOT) basis, for a period of 35 years, as per the statement. This is Sterlite Power's 19th power transmission project in India acquired through tariff-based competitive bidding, the company said, adding that it now has Rs 12,000 crore worth of projects under management. "Sterlite

43% of India's exports to EU to be hit by green regulations: Report

Textiles, chemicals, certain consumer electronics products among trade categories that could be affected

From ports to mines, Gautam Adani wants all his businesses to go green

Adani has put 2030 as the deadline for Adani Ports and SEZ Ltd, India's largest integrated ports and logistics company, to become net carbon-neutral

G20 makes case for facilitating pvt capital to fund green carbon tech

It also underlined the need for creating an enabling framework for startups to come up with new technologies to reduce carbon emissions

India tops globally in LEED Zero certifications of green building projects

India ranks first globally in LEED Zero certified green building projects surpassing the US and China, according to USGBC and GBCI. LEED Zero recognises projects that have reached net zero or net positive status in the categories of carbon, energy, water, or waste. In India, realty firm DLF and FMCG player ITC are leading in the LEED Zero green certification initiative. The LEED Zero projects, including office spaces, hospitality facilities, retail malls, industrial manufacturing projects, and data centres, serve a mix of sectors. US Green Building Council (USGBC) and Green Business Certification Inc (GBCI) on Thursday said in a statement that India has emerged as a top country with LEED Zero green building projects. India has become a global leader in LEED Zero certifications, outperforming both the US and China, it added. India has 73 LEED Zero certified projects, comprising 45 per cent of the more than 150 total LEED Zero certifications. Haryana and Tamil Nadu are leading the

To boost production, govt may provide Rs 50/kg support for green hydrogen

The government plans to provide Rs 50 per kg of hydrogen in the first year and the support will be brought down to Rs 30 per kg of production in the third year

Centre sets 2030 as target to become global hub for green shipping

New policy launched to convert tugboats at major ports into green tugs

Uttar Pradesh plans to invest Rs 1,000 crore to improve forest economy

The Yogi Adityanath government 2.0 has allocated Rs 100 crore for a slew of programmes under the Green India Mission

EU unveils green industry deal to compete with US' Inflation Reduction Act

EU countries have generally agreed that part of the IRA, Joe Biden's $369-billion package, is a threat to the competitiveness of specific key sectors for the green transition of the European industry

Green buildings and infra will ensure environmental sustainability

Green infrastructure brings nature into work for human benefits ranging from economic, social, environmental and health benefits

NTPC, Reliance, Adani top green hydrogen plays to bet on, say analysts

As per analysts, electrolyser manufacturers, fuel cell makers for non-emission vehicles, traditional players engaged in energy storage solutions or batter makers are among key beneficiaries

Beyond Joshimath: How not to make the future a repeat of the past

Can we have stronger regulatory and associated institutions to ensure environmental protection? If not, the shock effect of Joshimath won't last much more than a week, cautions T N Ninan

Goal set for up to Rs 50,000-crore green investments in Uttar Pradesh

The state has set a target to generate 22,000 megawatt (Mw) of solar power over the next five years

German Chancellor likely to visit India twice next year: Ambassador

German Chancellor Olaf Scholz is likely to visit India twice next year as the two countries look to strengthen bilateral relations with an emphasis on green and sustainable development. "The Chancellor is planning a bilateral visit to India next year.... I am very confident he will come for a bilateral visit before the G-20 Summit, German Ambassador to India Philipp Ackermann told reporters here. Ackermann said Germany and India have finalised 22 projects covering transition to renewable energy, climate resilient urban development and sustainable use of natural resources totalling one billion euros for the next year under the green and sustainable development partnership (GSDP). The German Chancellor, during Prime Minister Narendra Modi's visit to Germany in May, had announced support of at least 10 billion euros by 2030 under GSDP. A large part of the support will be in the form of credit lines from KfW Development Bank with interest rates ranging from 2.7 per cent to 3.2 per cent

EVs lead climate tech funding but more needed for niche solutions: Experts

Climate tech start-ups traditionally require longer gestation periods due to which the sector has not generated strong commercial returns recently

Cut I-T, review capital gains tax in Budget 2023-24: CII to govt

FM Nirmala Sitharaman's pre-Budget consultations from today

ICCI ties up with Taiwan for green technology to curb carbon footprints

The local chapter of Indian Chamber of Commerce and Industry (ICCI) has joined hands with National Productivity Council, and Taiwan which would provide industries innovative green solutions to curb carbon footprints in the wake of growing climate change threats. ICCI president Sriramulu and the productivity council director-general Sandeep Kumar Nayak signed a memorandum of understanding (MoU) in this regard on Friday, a release from the chambers said on Saturday. Earlier, an 8-member delegation of Taiwan-China Productivity Centre held a meeting with industrialists and entrepreneurs during which Taiwan assured to provide technology to promote green technology in energy efficieny, smart e-mobility, water treatment and smart agriculture, said the release. The green technology would reduce energy consumption while reducing an equal amount of greenhouse gas in India, it said. Technology such as cloud-connected e-mobility, power-generating elevators, electrodialysis for industrial wast

India's focus is on green growth and green jobs, says PM Narendra Modi

'Now, the focus of the country is on growth, on green jobs. And to achieve all these goals, the role of the environment ministry of every state is enormous'

Green mobility to play key role in India's decarbonisation: NITI CEO Iyer

Green mobility is going to play a major role in decarbonisation of India's transport sector, NITI Aayog CEO Parameswaran Iyer said on Wednesday. Iyer, while addressing an event organised by the 'Shoonya Forum', noted that the role of financing is critical for scaling of electric mobility in India. He also stressed on the need of finding ways to reduce risks associated with financing of electric vehicles. Pointing out that the rural India is urbanising rapidly, the NITI Aayog CEO said there is a need to push electric vehicles in smaller cities also. According to a recent report prepared by NITI Aayog and Rocky Mountain Institute (RMI) India, banks and non-banking financial companies (NBFCs) have the potential to achieve electric vehicle financing market size of Rs 40,000 crore by 2025 and Rs 3.7 lakh crore by 2030. The report had also stressed that lending by banks and NBFCs for buying EVs should be included in the Reserve Bank of India's (RBI) priority-sector lending (PSL) ...