The accelerator will craft and deliver innovative initiatives towards Lodha’s net-zero commitment, using facilitated multi-stakeholder engagement, integrative design, and research and development. The meeting with industry stakeholders will be around technologies, business models, financing, and programs to accelerate net-zero implementation.
According to the developer, the model can generate scalable solutions to propel India’s burgeoning built environment towards zero carbon. With the launch of the accelerator, Lodha envisions taking a leadership stance by offering an urban development template that can demonstrate — to India and the world — that growth decoupled from emissions is possible, thus, advancing livability and staying true to its promise of building a better life.
Palava, Lodha’s flagship development and India’s first integrated Greenfield smart city, will be the model used in the initiative, which will gradually be replicated across other locations. Palava will serve as a city-scale living laboratory to solve challenges and pioneer innovations on the path to net-zero.
Commenting on the launch, Abhishek Lodha, MD and CEO, Lodha said, “As a responsible developer, we recognise the crucial role that the real estate sector can play in minimising the risks posed by climate change to our planet. Combating global warming aggressively has become imperative, and the onus is on all organisations to promote the transition towards a low-carbon economy. Aiming to build a better life for everyone, we established a North Star goal of becoming carbon neutral by 2035. The launch of “Lodha Net Zero Urban Accelerator” is a major step in this direction to drive collaborative, large-scale solutions for a greener future. In addition to our long-standing association”.
He said, “RMI is the perfect partner in this journey due to its decades of global expertise in fast-tracking the adoption of market-based solutions. The accelerator is formulated with an overarching goal to make net-zero carbon development the new normal, thereby maximising the sector’s contribution towards India’s 2070 net-zero emissions target while also increasing resilience, health, affordability, and energy services.”
Amory Lovins, Cofounder and Chairman emeritus, RMI, states, “This unique Accelerator can demonstrate that through collaboration, integrative design, and efficiency as a first resource, growth and prosperity will increase greatly while carbon and emissions intensity decline toward zero.”
