The Asia Low Carbon Buildings Transition (ALCBT) Project Dates: January 2022 - January 2027
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PROJECT OBJECTIVE

Buildings and space cooling is the main driver for the growing future electricity demand and rising GHG emissions in Asia. The project addresses regulatory, capacity and financing gaps that prevent large scale adoption of low carbon buildings. The project will develop technical and institutional capacity for city/state governments. To transform existing and new buildings towards carbon neutrality by 2050, the project will focus on enhancing capacity to achieve regional and national ambition and targets for low carbon buildings, with policy recommendations. It will establish common metrics (taxonomy/MRV system) and central registry for certified buildings. Through building certification and business model innovation, the project will try to mobilize public and private finance. To raise awareness and promote replication locally and globally, the project will share best practises and showcase successes.

PROJECT DESCRIPTION

Buildings and space cooling is the main driver for the growing future electricity demand and rising GHG emissions in Asia. The project addresses regulatory, capacity and financing gaps that prevent large scale adoption of low carbon buildings. The project will develop technical and institutional capacity for city/state governments. To transform existing and new buildings towards carbon neutrality by 2050, the project will focus on enhancing capacity to achieve regional and national ambition and targets for low carbon buildings, with policy recommendations. It will establish common metrics (taxonomy/MRV system) and central registry for certified buildings. Through building certification and business model innovation, the project will try to mobilize public and private finance. To raise awareness and promote replication locally and globally, the project will share best practises and showcase successes


SECTORS OR AREAS OF WORK
  1. Energy transition


Region/Location

BUDGET

USD 74,480,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. BMWK-German Federal Ministry for Economic Affairs and Climate Action
PROJECT CONTACT PERSON

Name:Soumya Prasad Garnaik

Email: soumya.garnaik@gggi.org

IMPLEMENTING AGENCY OR AGENCIES

SUPPORT TYPE
BUDGET

USD 74,480,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. BMWK-German Federal Ministry for Economic Affairs and Climate Action
PROJECT CONTACT PERSON

Name:Soumya Prasad Garnaik

Email: soumya.garnaik@gggi.org

IMPLEMENTING AGENCY OR AGENCIES

SUPPORT TYPE