Green building holds $1.4-tr biz avenues

    Green building holds $1.4-tr biz avenues
    According to a recent report by the International Finance Corporation, a member of the World Bank Group, the green building sector in India is expected to generate a $1.4-trillion investment opportunity by 2030. The investment opportunity is arising out of the rapid urbanization, policy incentives for green construction, and the fact that 70% of buildings needed by 2030 are yet to be built. The municipal solid waste management sector is expected to create an investment opportunity worth $11 billion by 2030. The sector will bridge the gap between the significant amount of waste produced and the availability of appropriate infrastructure for solid waste management. India‘s ambitious plans to meet its climate targets under the Paris Agreement represent about $3.1 trillion worth of investment opportunities by 2030 in sectors including renewable energy, green buildings, transport infrastructure, electric vehicles, and climate-smart agriculture. The report also identifies $172 billion of climate-smart investment opportunities in Bangladesh, $42 billion in Bhutan, $2 billion in the Maldives, $46 billion in Nepal, and $18 billion in Sri Lanka. Philippe Le Houérou, it added, elaborating that the South Asian countries can take advantage of these climate investment opportunities is with a strong and engaged private sector.
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