India poised to adopt cleaner solutions bypassing outdated practices
ECONOMY & POLICY

India poised to adopt cleaner solutions bypassing outdated practices

The US Green Building Council (USGBC) announced that LEED version 5, slated for release in about two weeks, aimed to tackle construction phase carbon emissions and would establish strict criteria for what constituted an offset for specific activities.

Additionally, USGBC, along with the Green Building Council of Australia and the British research establishment, revealed plans to provide frameworks for sustainable financing in both bond and loan markets, with the study set to be released in June 2024.

USGB plan to reduce carbon emissions in the construction industry, USGBC had been operational for 30 years with a mission to advance sustainability in the building industry, with decarbonisation being a significant aspect. He emphasized the importance of seizing every opportunity within the industry, encompassing both existing and new buildings globally, and ensuring the accessibility and applicability of solutions across all markets.

The US Green Building Council (USGBC) announced that LEED version 5, slated for release in about two weeks, aimed to tackle construction phase carbon emissions and would establish strict criteria for what constituted an offset for specific activities. Additionally, USGBC, along with the Green Building Council of Australia and the British research establishment, revealed plans to provide frameworks for sustainable financing in both bond and loan markets, with the study set to be released in June 2024. USGB plan to reduce carbon emissions in the construction industry, USGBC had been operational for 30 years with a mission to advance sustainability in the building industry, with decarbonisation being a significant aspect. He emphasized the importance of seizing every opportunity within the industry, encompassing both existing and new buildings globally, and ensuring the accessibility and applicability of solutions across all markets.

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Infrastructure Transport

Railways approves major upgrade for Telangana traction lines

The Ministry of Railways has approved the upgradation of the electric traction system in two crucial railway sections — Medchal–Mudkhed (225 km) and Mahbubnagar–Dhone (184 km). The projects, costing Rs 1.93 billion and Rs 1.23 billion respectively, will enhance the electric traction capacity from 1X25 KV to 2X25 KV. The work includes modifications to circuit breakers and switching stations, along with the installation of additional conductors. These routes serve as vital links between Northern and Southern India via Hyderabad. Once completed, the upgraded system will reduce voltage dro..

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Infrastructure Transport

Adani to invest Rs 425 billion more in Maharashtra’s Dighi Port

The Adani Group has committed to invest an additional Rs 425 billion in the Dighi Port project, located along Maharashtra’s coastal Konkan belt, government officials announced on Monday. Adani Ports and Special Economic Zone (APSEZ)-run Dighi Ports signed a memorandum of understanding (MoU) with the Maharashtra government to undertake the expansion of the port and related infrastructure. This new commitment comes as part of a broader investment initiative by the state. Chief Minister Devendra Fadnavis said the agreement is among 15 MoUs worth over Rs 560 billion signed during the opening d..

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Infrastructure Transport

HUDCO, JNPA sign Rs 50 billion deal for port development

In a strategic move, the Housing and Urban Development Corporation Ltd (HUDCO) has signed a Memorandum of Understanding (MoU) with the Jawaharlal Nehru Port Authority (JNPA) for an investment of Rs 50 billion to revamp and develop port infrastructure. The non-binding agreement is intended to strengthen cooperation on both existing and upcoming infrastructure projects, with a focus on development, financing, and refinancing of port facilities at the Jawaharlal Nehru Port. The MoU was formalised with the signatures of Sanjay Kulshrestha, Chairman and Managing Director of HUDCO, and Unmesh Shar..

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