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Green Building

GCF approves $24.5 million investment in Avaana Capital’s climate and sustainability fund

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

Mahindra Group and Johnson Controls launch net zero buildings initiative in India

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 profit 36% up YoY in July-Aug-Sept quarter 

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. 

Unveiling India’s carbon credit revolution: From local initiatives to global impact

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.

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Transition VC launches INR 400 crore fund for energy startups

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.

Premier Energies earns LEED Gold certification for its solar factory

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.

IIFL Home Finance signs $68 million loan agreement with ADB

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.

Moving from energy-efficient buildings to energy-generating buildings

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. 

Adani launches joint venture for renewables-powered data centers

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.

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Green recovery through energy efficiency

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.

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