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.
The Climate Group has reported that just 33 members of its global EP100 initiative avoided carbon dioxide emission by one billion metric tonnes purely through energy efficiency measures. Of this, 360 million metric tonnes—comparable to taking 77 million cars off the road for a year—was avoided in the last year alone.
The prime minister again emphasized the need for India to develop a domestic solar manufacturing industry and also urged officials to get on with plans to make Ladakh carbon-neutral.
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