Welcome to the March issue of ValueNotes Connect.
According to a recent report published by UN Environment and the International Energy Agency, buildings and construction account for over a third of global final energy use and energy-related carbon dioxide emissions when upstream power generation is included. Over the next 20 years, a majority of the new buildings will be constructed in countries that don’t have mandatory building energy codes in place. No guesses, then, what this could mean for global warning.
In India, floor area is expected to double by 2035. Surprisingly, the country ranked third globally for LEED-certified buildings in 2016. So what is India doing to support the country’s green building initiative?
India is urbanising at a rapid rate. But owning a home in urban India is virtually unaffordable for many in the middle- and low-income groups. To spur growth in the affordable housing segment (and to make it a business-friendly segment), the central government has announced a series of initiatives.
Do have a look at our infographic of India’s Housing For All 2022 scheme, and what it means for building and construction companies.
As always, we hope you enjoy reading our newsletter, and we look forward to your comments.
Green buildings in India – Fad or reality?
by Manju Karajgikar
|Buildings account for a third of global greenhouse gas emissions. According to the UN Environment Program, these emissions will double by 2050 if no preventive measures are taken to reduce the impact of the rapid increase in construction activity. The only way to tackle this problem is by adopting green technologies and transforming the way buildings are designed, built and operated.
India is, slowly but surely, taking steps to build an ecosystem to support green buildings with various initiatives.
Urbanisation and the housing challenge
by Sa’ad Shaikh
|According to a recent UN-Habitat report on urbanisation and development, urbanization and growth go hand in hand, and urbanization is essential for socioeconomic transformation, wealth generation, prosperity and development. India, no doubt, is urbanising at a rapid rate. The country is currently home to ~400 million urban dwellers; an additional 300 million will be added by 2050.
The government must prepare for this influx…
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