MoHUA asks metro operators to register for carbon credits

23 Dec 2022 CW Team

The Union ministry of Housing and Urban Affairs has asked metro rail corporations to register for carbon credits in line with the government’s roadmap to achieve net zero carbon emission.

This comes after a suggestion from the parliamentary standing committee on housing and urban affairs. A carbon credit is a tradable permit or certificate that provides the holder the right to emit one tonne of carbon dioxide or its equivalent of another greenhouse gas.

A recent report of the committee, outlining the action taken by the government on its recommendations, said that the ministry has informed that it is merely desirable for metro networks to register for carbon credits and not mandatory.

“M/o Housing and Urban Affairs has requested metro rail corporations, who have not yet registered for carbon credits, to explore economic benefits of registration,” it quoted the ministry as saying in its report to the panel.

The committee noted that several metro projects have registered for applied for greenhouse gas (GHG) emission under two platforms - Clean Development Mechanism (CDM) under UNFCCC and the Gold Standard Registry (GS) to demonstrate emission reduction.

The Delhi Metro has earned 4.4 million carbon credits from CDM and GS projects, while metro rail corporations Kochi and Lucknow have said that the registration for carbon credits is under process.

Equipment

12 Dec 2025

Escorts Kubota Unveils BS V Next-gen Construction Range at Excon 2025

Escorts Kubota (EKL), one of India’s major engineering groups in the agricultural and construction equipment sectors, unveiled its latest BS V–compliant construction machinery line-up at Excon 2025. The refreshed portfolio underscores the company’s push toward application-driven, high-productivity solutions that reduce ownership costs and meet the needs of India’s expanding infrastructure landscape. With demand rising across urban development, industrial logistics and mining, the new range aims to deliver higher performance, durability and operator comfort.In the earthmoving segment, E..

ACE and Kotak Mahindra Bank Join Hands to Boost Backhoe Loader Financing

Action Construction Equipment (ACE), the world’s largest Pick-n-Carry crane maker and a leading manufacturer of material handling and construction equipment in India, has entered into a Memorandum of Understanding with Kotak Mahindra Bank to enhance the availability of flexible financing options for backhoe loader customers across the country.The collaboration aims to support contractors, infrastructure companies, entrepreneurs, SMEs, and emerging businesses by offering smoother access to credit through customised loan schemes, quicker turnaround times, and the extensive footprint of Kotak M..

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..