Construction stakeholders to decarbonise India

India hopes to meet net-zero targets by 2070 (Photo: Adobe Stock)

Xynteo, an advisory firm, has launched the Build Ahead Coalition with the purpose of bringing together multiple stakeholders from the construction value chain in India to support the country’s target of reaching net-zero by 2070.

The coalition is said to have been formed to pursue three key goals – enhance the adoption of low-carbon building materials, improve access to new decarbonisation technologies, and advocate enabling policies to support increased procurement and production of low-carbon building materials.

The company says that to achieve these goals, business leaders need to work together to “support first movers and de-risk investments to scale innovative decarbonisation technologies and low-carbon building materials by facilitating better access to diverse sources of enabling finance”.

Vipul Kumar, managing director at Xynteo, said, “The world faces an unprecedented climate crisis, necessitating urgent action to limit global warming as compared to pre-industrial levels. The cement and concrete sectors are critical parts of the construction value chain and contribute significantly to the carbon footprint of the built environment.

“We are proud to launch Build Ahead, bringing together key cement producers, construction companies, technology enablers, and financiers. Our goal is to accelerate decarbonisation across the construction value chain towards net-zero emissions and encourage collaboration between industry players and the broader ecosystem to create measurable impact and support the country to meet its climate change goals.”