Sushtainable city development; Emergent Ventures Indisa

Abstract

Sustainable development of cities has become the need of the hour with the pressing issues of resource crunch, traffic problem and high levels pollution. A city with consideration for environmental impact such that it minimizes the negative impact on the environment is termed as sustainable city. The major features of such a city are high dependence on renewable sources, energy efficient buildings, implementation of waste and water management systems; and low carbon transportation being extensively used. The drivers for growth of these cities include the risk of resource crunch, climate change impacts and policies. Indian government has come up with many policies in this such as National Action Plan on Climate Change (NAPCC), Jawaharlal Nehru national urban renewal mission (JNNURM), National Urban Transport Policy (NUTP), Energy Conservation Building Code (ECBC), Green SEZ Guideline and Municipal Solid Wastes Rules which act as motivators for realtors since they have access to few of these funds which can be used for their developmental activities. When a realtor needs to get into sustainable city development he needs to look at the costs involved with respect to renewable energy sources, energy efficiency implementation, transportation systems; water and waste management systems. Implementing renewable energy sourced power for a popUlation of 100,000 would require an investment ranging from 300 crore to 1100 crore depending on the geography. The estimated C02 emission reductions are estimated to be around 170 thousand tonnes which when monetized under CDM would lead an additional revenue source of close to 12 crore per annum for the realtor. When we look at energy efficiency project implementation we find that for an estimated investment of 12.2 crore with an estimated energy savings 522.8 lakh kwh. It is also estimated that the amount of water savings that can be achieved by using water saving technologies is around 1.6 million kilo litres per annum. The opportunities that a realtor can look forward to would include competitive advantage over other realtors without eco friendly initiatives; monetary benefits such as higher occupancy and premium pricing; and financing opportunities such as government subsidies, PE or VC funding, CERs generation and ESCO financing.