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Building energy-smart cities is the fastest, easiest way to address Indian energy crisis, according to a study released today at the CII Green Business Congress.
The exhaustive study taken up by the National Resources Defence Council and the Administrative Staff College stresses that State Governments and other stakeholders must act quickly to realise the dramatic cost savings and guarantee a sustainable future for India’s energy-stressed cities.
Building on energy efficiency model standards announced today by Andhra Pradesh, the report shows that by prioritising energy-efficient buildings construction in India’s booming cities will help the country meet its enormous energy needs, improve energy security and propel India in clean energy race.
Anjali Jaiswal, Senior Attorney and Director of NRDC, said, "India needs to build smart from the start. Seventy per cent of the buildings that will” exist in India by 2030 have yet to be built. This presents a tremendous opportunity to incorporate energy-efficient technologies.”
This could be energy efficient windows to better lighting. India can dramatically reduce its energy demand and bring millions in savings to the people.
According to studies, prioritising energy-smart buildings will deliver dramatic savings. McKinsey & Company estimates that unlocking energy efficiency in new building construction, as well as improving appliance and industrial plants’ efficiency, could deliver $42 billion (about Rs 2 lakh crore) in annual savings to India by 2020.
The report provides recommendations to guide Indian state and local authorities, real estate developers, financial institutions and other stakeholders in shifting the building market towards cost-saving, energy efficiency and modern buildings.
The recommendations include adoption of energy efficiency code and strategies to implement them, facilitate awareness and encourage innovative finance among others.
Andhra Pradesh today announced energy efficiency standards which seek to prioritise energy efficiency in building construction.
rishikumar.vundi@thehindu.co.in
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