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.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..