Govt to incentivise green houses with cheaper loans, takes forward climate change goals

Govt to incentivise green houses with cheaper loans, takes forward climate change goals

In order to take forward climate change goals, the government is likely to cut down the rates of housing loans and reduce registration fee. Officials told TOI that the proposal emerged from the ongoing discussions of ‘Energy Conservation Building Code for Residential Sector (ECBC-R).

TOI reported that the ECBC-R 2017 is scheduled for release on Monday by Minister for power, coal and renewable energy, Piyush Goyal.

The government will likely award cheaper housing loans and reduced registration fee to energy-efficient greenhouses in a bid to take forward its climate change goals. It will follow the basic structure of the Energy Conservation Building Code (ECBC) 2007 which was meant for commercial buildings only.

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There is also a possibility that the existing houses which are ready to adopt an energy-efficient system will also be covered under the provision.

The proposal will decline the level of carbon footprint emerging fro resources like land, water and waste. It would be in tandem with the National Mission on Sustainable Habitat launched under the government’s National Action Plan on Climate Change.

According to a study report, the primary objective is energy efficiency, water supply and municipal solid waste management etc. It also prescribes upgrading existing framework such as ECBC to re-align urban housing to regulations.

 

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