Coimbatore Corporation plans to adopt Green Municipal Bonds to reduce carbon footprint in city
The Hindu
The Coimbatore Corporation plans to generate funds to produce more sustainable ‘green’ infrastructure through Green Municipal Bonds under the Smart City Mission (SCM).
The Coimbatore Corporation plans to generate funds to produce more sustainable ‘green’ infrastructure through Green Municipal Bonds under the Smart City Mission (SCM).
According to sources, Corporation Commissioner M. Prathap is mulling to adopt the method to reduce the carbon footprint and improve the sustainable fabric of the city.
Green Municipal Bonds is a method for financing environmental, water, or clean energy projects by raising money through proceeds or by bringing about revenue from within or through loans.
The move was inspired by the projects presented at a meeting with the Parliamentary Standing Committee for the Ministry of Housing and Urban Affairs in Goa on May 22. At the meeting, the Chief Executive Officers of the SCM project of Coimbatore, Surat, Indore, Agra and Goa presented the projects to Union Minister Hardeep Singh Puri, Minister of State Koushal Kishore and Joint Secretary and Mission Director of SCM Kunal Kumar.
According to S. Baskar, General Manager of the Coimbatore Smart City Mission, Coimbatore was among the well-performing cities along with Indore and Surat.
The Corporation also explored ways to save capital for raising and maintaining infrastructure by pooling in government agencies or other local bodies, instead of partnering with private agencies, he said.
“The Surat Municipal Corporation claimed that 115 Million Litres per Day of recycled water from the Tertiary Treatment Plant there was being sold to local industries which generated a revenue of ₹140 crore,” Mr. Baskar said.
The Opposition Congress demanded that the government open the Gandhi Vatika Museum, depicting Mahatma Gandhi’s legacy and freedom struggle, built at a cost of ₹85 crore in Jaipur’s Central Park last year, during the Congress-led regime in Rajasthan. The museum has not been opened to the public, reportedly because of the administration’s engagements with the State Assembly and Lok Sabha elections.
Almaya Munnettam (Lay People to the Fore), group in the Ernakulam-Angamaly Archdiocese of the Syro-Malabar Church opposed to the synod-recommended Mass, rejected a circular issued by Major Archbishop Raphael Thattil and apostolic administrator Bosco Puthur on June 9 to implement the unified Mass in the archdiocese from July 3.
Pakistan coach Gary Kirsten stated that “not so great decision making” contributed to his side’s defeat to India in the Group-A T20 World Cup clash here on Sunday. The batting unit came apart in the chase, after being well placed at 72 for two. With 48 runs needed from eight overs, Pakistan found a way to panic and lose. “Maybe not so great decision making,” Kirsten said at the post-match press conference, when asked to explain the loss.