Chennai Corporation to generate revenue by selling carbon offsets

21 Dec 2021 CW Team

The Chennai Corporation, along with Chennai Smart City Limited, is set to join Indore in becoming the only other civic organisation to earn revenue from carbon credits by selling carbon credits to buyers in the international market.

Carbon offsets are keys that permit firms to earn a particular amount of greenhouse gases. These credits are made from projects that directly remove greenhouse gases from the atmosphere (like afforestation) or projects that utilise greener alternatives to traditional technology such as solar energy. One carbon credit is gained when a project has decreased or avoided one metric tonne of greenhouse gases.

Firms utilise these credits to decrease their net carbon emission metric which is usually reviewed by investors. As the first measure, a Request for Proposal has been made to call for consultants to assist the corporation via the entire process of installing a carbon credit framework, comprising identifying buyers.

The city corporation has been taking up different green initiatives and has several eligible projects like Miyawaki urban forests that help reduce carbon emissions. They will be able to utilise the revenue earned from this for other city infrastructure projects, as per a corporation authority.

This decision is likely to assist the Chennai city corporation in not just getting credits for its sustainable projects but additionally monetising them. Projects like bio-fertiliser projects, bio-methanation facilities, electric vehicles, tree-planting projects, energy-efficient lighting are qualified to be listed for the programme.

To guarantee the emission decrease data is not forged, a third-party body that can check and validate the emission reduction is to be hired.

Image Source

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..