Veep to inaugurate Conference on ‘Co-operative Federalism and Law Reforms' (See 'Corp Brief') A&C - Arbitrator has wide discretion u/s 31(7) of Arbitration Act to award pre-reference, pendente lite, and post-award interest at such rate as it deems reasonable: HC (See 'Legal Desk') Chouhan to launch 'Khet Bachao Abhiyan - Rabi 2026' today (See 'Corp Brief') IBC - Right to withdraw CIRP application u/s 12A is governed by provisions in force on date when complete Form FA is submitted to IRP: NCLT (See 'Legal Desk') CSIR-NIScPR successfully concludes Two-Week Skill Training Programme on Library Automation (See 'Corp Brief') India, Saudi Arabia discuss bilateral Electrical Interconnection Initiative (See 'Corp Brief') DRI seizes 13 kg foreign-origin gold worth around Rs. 19.41 crore (See 'Corp Brief') PMLA - Statutory twin conditions under Section 45 of the Act can override the fundamental constitutional safeguards of personal liberty under Article 21 of the Constitution: SC (See 'Legal Desk') Saturation Campaign of Financial Inclusion to cover 2.7 Lakh Gram Panchayats and ULBs (See 'Corp Brief') DRI seizes 7 kg amphetamine and 3kg cocaine (See 'Corp Brief') IBC - Mere reason that some facts may have already been into existence but continue to exist would not mean that the application u/s 9 becomes retrospective: HC (See 'Legal Desk') Uttarakhand becomes first State to export Trout to Nepal (See 'Corp Brief') BIS organises Interactive Sessions to promote AYUSH with Quality Standards (See 'Corp Brief') PMLA - In absence of money trail connecting attached properties with proceeds of crime, subject properties cannot be attached merely as properties of equivalent value: Tribunal (See 'Legal Desk') Clarification on Legislative Developments concerning Govt's stake in IDBI (See 'Corp Brief') SEBI - The fact that criminal proceedings were subsequently initiated against appellants does not confer sanction under Section 15T of the SEBI Act to reopen a penalty order which attained finality: SAT (See 'Legal Desk') Efforts underway to develop one lakh young leaders: Mandaviya (See 'Corp Brief') IITM hosts consultation on Climate Science into Services for India Forum (See 'Corp Brief') IPR - Continued use of mark after express acknowledgment of proprietor's rights and undertaking to cease such use is strong indicator of dishonest intention and constitutes infringement: HC (See 'Legal Desk') IBC - Successful Resolution Applicant is entitled to pursue dues of Corporate Debtor against its debtors in arbitration even after conclusion of CIRP: SC (See 'Legal Desk') IBC - Express forfeiture clause in e-auction notice binds bidder despite absence of express forfeiture stipulation in Schedule I of Liquidation Process Regulations, 2016: SC (See 'Legal Desk') An unsuccessful 'success fee' litigation (See CORP EINSICHT)

MoS says decarbonizing of buildings should be highest priority

Published: Sep 24, 2022

By TIOLCorplaws News Service

NEW DELHI, SEP 24, 2022: INDIA'S Science and Technology Minister, Dr Jitendra Singh, who is leading a high-level Joint Ministerial Delegation of S&T and Ministry of Power, New & Renewable Energy, yesterday said that Decarbonizing of cities and buildings should be the highest priority for the public and private sectors and it needs to be done at scale, pace, and by using an integrated and digitalized approach to bring systemic efficiency.

In his address at the Roundtable on "Net Zero Built Environment with Connected Communities" at Global Clean Energy Action Forum-2022 at Pittsburgh, in the United States, Dr Jitendra Singh said, we cannot solve climate change without transforming our cities and buildings and this requires massive efforts from the private and public sectors, but it is possible with today's technologies.

Dr Jitendra Singh pointed out that increasingly, cooling is recognized as a developmental need that is linked with achieving many Sustainable Development Goals. He said, Demonstration and Deployment, investment, technology are the key challenges to achieve net zero connected communities at a global level.

Dr Jitendra Singh pointed out that the development of a robust R&D innovation ecosystem will, inter alia, involve further development of scientific manpower in the area, requisite academic and R&D institutional capacities, support for R&D activities on various facets of cooling, including but not limited to refrigerants, cooling equipment, passive building design interventions, not-in-kind technologies and new emerging technologies; and industry preparedness to assimilate new technologies.

India called for important actions to address these challenges like a global Memorandum of Understanding (MoU) with respect to enhancing the R&D, and Deployment, Knowledge and technology sharing related to demand driven solutions, a tailored financing plan that would look into feasible funding sources and aggregating member countries' demand for the potential designing of a global tender/ procurement process.

Dr Jitendra Singh informed the Ministers and Delegates that his Ministry of Science and Technology has actively engaged several industry players, especially for demonstration and deployment and today we have over 78 industries participating in the Building Energy Efficiency and Smart Grid Program.

The Minister, however, acknowledged that the decarbonization of cities is a multifaceted challenge and requires a holistic approach and systemic efficiency. He said, alongside buildings, the electrification of private and public transport plays a pivotal role in not only achieving net zero emission targets, but also improving urban air quality. The public and Private sectors need to work closely to ensure the implementation of research outcomes, the Minister added.

Dr Jitendra Singh said that three major actions for which public and private sectors can come together to achieve planning and demonstrations of net zero connected communities are- Catalysing effective capital reallocation and new financing structures, including through scaling up climate finance, Lowering technology costs with R&D, nurturing industrial ecosystems, collaborating across value chains to reduce cost, and Establishing compensating mechanisms to address socioeconomic impacts, through economic diversification programs, reskilling and redeployment programs.

Highlighting the measures taken by India, Dr Jitendra Singh concluded that the Ministry of Science and Technology has supported research development and deployment of technologies with an investment of 34.3 million USD during the last decade. We have strengthened the R&D infrastructure and forced bilateral and multilateral collaborations through R&D programs in the field of Building Energy Efficiency and Smart Grids, the Minister emphasised.

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