Varanasi Smart City to act as aggregator of Carbon Credits
SMART CITIES

Varanasi Smart City to act as aggregator of Carbon Credits

To trade Carbon Credits generated by various agencies in Kashi with international companies in the coming years, the Varanasi Smart City (VSCL) has taken the initiative to act as the aggregator for the market mechanisms to minimise greenhouse gas emissions.

“The process for joining Carbon Credit business by Kashi has started with the appointment of a consultant firm,” said VSCL chairman and divisional commissioner Deepak Agrawal, mentioning that a proposal to go ahead with the Carbon Credit programme was approved in-principle after going through the presentation given by consultant firm Enking International on July 26.

“Following selection of consultants to assist and handhold the organisation through a transparent and competitive selection process, VSCL has started the process of signing a memorandum of understanding (MoU) with all stakeholders,” said Agrawal.

According to VSCL, now, the consultant firm will in start shortlisting the qualifying projects like solar energy, solid waste management, compost production, water and plants, bio-gas and other methane gas production projects, energy efficient lighting, electric vehicles and advise the city about the potential projects to be considered for Carbon Credits.

See also:
Nagpur Smart City: The next big opportunity for big players
Cuttack to set up PMU to increase efficiency of civic body


"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

To trade Carbon Credits generated by various agencies in Kashi with international companies in the coming years, the Varanasi Smart City (VSCL) has taken the initiative to act as the aggregator for the market mechanisms to minimise greenhouse gas emissions. “The process for joining Carbon Credit business by Kashi has started with the appointment of a consultant firm,” said VSCL chairman and divisional commissioner Deepak Agrawal, mentioning that a proposal to go ahead with the Carbon Credit programme was approved in-principle after going through the presentation given by consultant firm Enking International on July 26. “Following selection of consultants to assist and handhold the organisation through a transparent and competitive selection process, VSCL has started the process of signing a memorandum of understanding (MoU) with all stakeholders,” said Agrawal. According to VSCL, now, the consultant firm will in start shortlisting the qualifying projects like solar energy, solid waste management, compost production, water and plants, bio-gas and other methane gas production projects, energy efficient lighting, electric vehicles and advise the city about the potential projects to be considered for Carbon Credits. See also: Nagpur Smart City: The next big opportunity for big players Cuttack to set up PMU to increase efficiency of civic body

Next Story
Infrastructure Urban

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Next Story
Infrastructure Transport

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Next Story
Infrastructure Transport

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement